Questions Answered “Why is everything this way? Who caused it? What are the solutions? Coming soon ..”
Barack Hussein Obama “I think when you spread the wealth around, its good for everybody.”
“The FDIC is constantly looking at structures where we can get the greatest opportunity to tap into capital that we have not had the success reaching through previous disposition methods,” FDIC spokeswoman Michele Heller said in an e-mailed statement. “We welcome and work with all investors.”
It should be very very obvious that all [...]
Greenspan said that while the economy was in worse shape in the Great Depression, the recent financial crisis was potentially more harmful than that in the 1930s because “never had short-term credit literally withdrawn.”
Greenspan just said that the current credit crunch is “by far the greatest financial crisis, globally, ever” — including the 1930s [...]
Bonuses on Wall Street rose 17 percent last year to $20.3 billion even as the industry faced a public backlash over pay practices.
While it’s easy to blame the financial industry for this mess, a large part of the trouble was with mortgage backed securities that had been reworked many times since they were merely sub-prime [...]
“Get used to a “jobless recovery.” The Federal Reserve says the nation’s unemployment rate will stay around 10-percent this year, and eight-to-nine-percent in 2011.”
“Unemployment will linger” and, it must be added, will continue as part of the economic elite’s continuing war on working people. The transfer of massive amounts of public wealth to an [...]
Here’s a trick used by bankers, states trying to add debt without getting voter approval and companies like Enron or Worldcom — and we know how that worked out (they both went bankrupt and their executives charged with fraud). This from the New York State Comptroller (hat tip to our of our viewers):
First, consider [...]
In another measure of how what the establishment labels “conspiracy theory” is quickly becoming mainstream, Bloomberg News carries a story today acknowledging that those derided as “crazy” for warning that the world is run by a secret banking cabal have largely been proven right in light of the AIG cover-up. — Paul Joseph Watson [...]
“The crisis was the result of over-extended credit, prohibitively low interest rates, massive speculation by banks, brokerage houses, insurance companies, and corporations worldwide. It just didn’t happen it was planned that way.” — Bob Chapman
There are millions of people who’s retirement portfolios are worth far less today than the actual money they had paid-in after [...]
How many of you fell for Obama’s attempt to silence the outrage coming from all sides of the political spectrum with his Financial Transaction Fee plan??
In a complete reversal of his number one agriculture campaign platform pledge, President Obama has issued his verdict on farm subsidy loopholes – the loopholes for mega farms win and family farmers and federal taxpayers are the big losers.
Not that this is much of a shock these days it is becoming a daily event. Remember [...]
“Tim Geithner has outlived his usefulness. He is too connected to the bailouts of ‘08. Bear, Lehman, AIG, TARP and even QE are all part of his legacy. That makes Tim a lightening rod. Too many Americans hate that part of our history.”
For anyone who still doubts government and Wall Street or Bay Street [...]
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