foreclosuregate one of many examples
Rudacille’s Tome: A Must-Read for Labor Buffs (Review) (tags)
In 1959, Bethlehem’ Sparrows Point plant, outside Baltimore, was “the largest steelworks in the world.” In its heyday, it employed 36,000 workers. Bethlehem went into bankruptcy in 2001, and many of its retirees at the “Point” got screwed out of their benefits. Deborah Rudacille’s book, “Roots of Steel,” recreates, via compelling “oral histories,” the history of the Point; the collapse of Bethlehem, an industrial titan; and the baleful impact that it had on the lives of its union workers and communities that they lived in.
Tenants, Thugs and CDOs (tags)
A local tale of unmitigated greed and the criminal enterprise of one family to corner the residential real estate market in San Francisco led to the shady world of collateralized debt obligations and derivatives.
Ronald Reagan: Betrayer of Main Street America! (tags)
William Kleinknecht takes the gloves off in his new book,”The Man Who Sold the World: Ronald Reagan and the Betrayal of Main Street America.” He shows that the so-called “great communicator,” was, in fact, the “great enabler of corporate greed.” The Vulture Capitalists were set loose on the people by “Reaganism.” I say: Take Reagan’s name off that airport in D.C. Let his Fat Cat cronies pay for his memorials, not the taxpayers.
Hey, Prez-Elect Obama: Say “Thanks” to Alan Greenspan! (tags)
Sen. John McCain’s presidential candidacy was done in mostly by a Wall Street-Financial Meltdown, in late Sept. 2008. This phenomenon took the issue of “national security,” which favored him, off the table, and replaced it with “the economy,” which was Sen. Obama’s strongest suit. The fact that Dubya is the most unpopular president in history, coupled with having $639 million to spend, all added up to a smashing victory for Prez-Elect Obama.
Financial Meltdown A "Gigantic Fraud"! (tags)
Leading Economic Writer: Financial Meltdown A "Gigantic Fraud" - Says Americans "duped" by "serpent-tongued" elite!