for the article published in: Spiegel, 3/20/2008, click on

http://www.spiegel.de/international/0,1518,542644,00.html

Want to hear a one hour lecture about the source of this global train wreck? Ralph Schoenman and Mya Shone analyze the public burden from the privately owned banking collapse and the players in this titanic looting through fictive capital.

080318

The Collapse of Bear Stearns and The Crisis of Fictive Capital

download

http://takingaimradio.com/mp3/takingaim080318.mp3

stream

http://takingaimradio.com/m3u/takingaim080318.m3u

Ralph Schoenman and Mya Shone air on WBAI

pacifica radio 2:00 PST Tues.

The banking system was highly regulated after its collapse in 1929. That regulation has steadily been dismantled beginning with Pres. Reagan.

The Bear Stearns bail-out was originally supposed to cost $35 billion. Now it's $350 billion.

We can't afford to replace ageing bridges, medical care for kids living below the poverty line, etc...but there isn't even a blink when it comes to bailing out speculating banks and their speculating super-rich clientele.

Government of whom, by whom, and for whom?

Retired Monk

"Ideology is a disease"