The Forgotten History of the Financial Crisis (tags)
In the United States between late 2008 and early 2009, 800,000 people were losing their jobs every month. By 2015, over nine million American families would lose their homes to foreclosure—the largest forced population movement in the United States since the Dust Bowl.
Ten Years After the Financial Crash (tags)
US economic statistics are dubious since financial markets are based on financial products and money out of nothing. Tax havens, micro-second betting, stock buybacks and corruption through lobbying are market-distorting and cause revenue shortfalls.
Is the Financial Crash 2.0 Coming? (tags)
Market ideology has been on the advance since the 1980s. Only a few voices warned of the risks and instability of the liberalized financial markets. After they profited from the generous bailout packages, the banks began to speculate against the most indebted countries.
Book TV: Panel on Finance (tags)
Participants at the Los Angeles Times Panel on Finance: Anat Admati; Helaine Olen; Nomi Prins
Looming Economic Realities (tags)
class war
Global Economic Crisis Deepens (tags)
economy
economy
Troubled Eurozone Finance Capital (tags)
economy
economy
Who's Behind the Deficit Crisis (tags)
From the U.S. to Europe media and politicians are singing the same tune: "budget deficits must be drastically reduced -- by cutting social programs -- so that global bond investors do not threaten the economy." Not since the "war on terror" was announced has government policy been so shrouded in confusion and unanswered questions. In the same way we are not to ask how U.S. foreign policy has angered millions in the Middle East, we must remain equally silent about questioning the recent history behind the current "deficit crisis.”
Systemic Washington-Sanctioned Fraud (tags)
massive fraud
GREAT CLUE THAT THE GEORGE BUSH JR ~ KARL ROVE TARP THEFT REALLY WAS WELL PLANNED OUT !!! (tags)
ADD THIS ARTICLE ALSO 2 YOUR BUSH JR ~ KARL ROVE PONZI TARP FILES...little ripped~off American taxpayers !!!
The Banking and Financial Crisis (tags)
"The transition from a long-term to a short-term orientation went along with the exaggerated profit goals. The approach of shareholder value sets maximum profits and dividends in the center of business policy and no longer long-term investments and the interests of employees.."
Goldman Sachs: Master of the Universe (tags)
Don't bet against Goldman
Selling Out America to Wall Street (tags)
pillaging American wealth
Capitalism is the Problem: System Error (tags)
The chaos that we now witness is only the latest crisis of the global economic system. The system has not succeeded in keeping profits at the level of the postwar years. What is good for one capitalist is not necessarily good for the system. Triple-digit billions have been pumped into system
Federal Government Closes down Liberty Dollar (tags)
Many believe that the Liberty Dollar is a much sounder currency than the U.S. Government's paper dollar
FDR's New Deal v. Obamanomics in Their First 100 Days (tags)
stark mirror opposites
It is not a conjunctural crisis (tags)
"instinct is the hereditary knowledge of a specific program of life"
Disarm the Markets! New Attac Basis Text (tags)
The therapy depends on the diagnosis. Mechanisms, instruments and actors can be identified whose action and teamwork led to the crash. The age of a unipolar world was very short. An historical chance is opening against finance capitalism.
The New World Order's ObamaNation (tags)
Matt Taibbi has written an important article in this month's Rolling Stone magazine. In it he explains to the reader, in layman's terms, just what happened, how it happened, and who benefited from the massive taxpayer bailouts of Wall Street's biggest firms. But, most importantly, he hits the nail on the head by saying that the Republic is officially dead (and we do hear the dirge) -- there is no more pretense that we live in a democracy under the rule of law, because now the lawless ones have "officially" taken over the apparatus of the state and given us the finger in the process. Yes, as Taibbi's says: "We are royally fucked." Congress is now a collection of rubber stampers, and the people -- Wall Street slaves.
The Blood of the Black Sheep (tags)
Crisis and Catharsis. Capitalism begins its great self-purging to remain what it is. The Wall Street boys and girls have not forgotten how to make money amid crisis. The speculation bubbles burst. The fictional wealth dissolves in thin air thanks to falling home prices and stock prices.
World and US Situation, 2008 (tags)
For more than two years, we revolutionaries had observed the impending total unravelling and complete discredit of the "free market" pretense of monopoly capitalism and the full bankruptcy of the policy of "neoliberal globalization." But the leaders of the US and other imperialist countries and the puppet states were always lying and boasting about the so-called strong fundamentals of their economies. Only recently have they been compelled by the circumstances to admit that the US and global capitalist system are beset by the worst economic and financial crisis since the Great Depression.
Early Suspicions About Bernard Madoff (tags)
All Wall Street like Madoff
Obama's Economic Dream Team? (tags)
indeed for Wall Street bankers
What the Economic Crisis Means for Us and How to Defend Ourselves (tags)
Gloom and Doom-----The pillars of the U.S. capitalist economy are crumbling and falling all around us while the federal government frantically races from one crisis to another, throwing money at them as if throwing water on a fire. It could well turn out that the money represents only a few drops of water thrown on threatening flames that will soon billow into an out-of-control wildfire so that nothing President-elect Barak Obama has proposed will succeed in averting the disaster.
More from the Front Lines of the Financial Crisis (tags)
The worst is yet to come.
The wages of sin have come due.
The Neediest Need Help Like the Banks (tags)
The same state haggles over every bowl of soup for welfare recipients. For banks, billions appeared overnight. There must also be money for higher wages and more social services.
Lehman sought millions for execs while seeking bailout (tags)
http://baltimore.indymedia.org/newswire/display/17936/index.php
The Fleecing of America (tags)
Public and private looting.
Bush and the neocons caused it all (tags)
Al jazeera tells it all
"Just Say No!" to the Robin Hood-in-Reverse Bailout (tags)
How people can stand up to threats on the economy by Wall Street banking/securities corporations, where are alternatives to save the economy that don't involve theft of taxpayer dollars??
The government-business looting of America.
Paulson go out. Truth about "unbelievable" big 2008 crash (tags)
Barack Obama: "No necesitamos sólo un plan para Wall Street. Hay que incorporar medidas de salvación para miles de ciudadanos" que están perdiendo sus casas y sus ahorros, declaró Obama. "Tampoco podemos cometer el error de que el dinero de los contribuyentes sea usado para corregir malas decisiones" ////////////////////// “Durante un par de años, el capital desafió a la ley del valor, inflando su valor más allá de su capacidad de reproducción real, pero la ley del valor se ha cobrado la afrenta a un precio enorme. Ha quedado de manifiesto que la ganancia capitalista es un objetivo muy estrecho para desenvolver productivamente la riqueza social acumulada. La crisis mundial plantea la reorganización social general sobre nuevas bases” ////////////////////////////////// euroimmersion.com: La crisis no es culpa de las “subprime” o hipotecas ninha. La crisis tampoco es culpa de la codicia de unos banqueros. La crisis no se supera con una “regulación” sino con un cambio radical y con nuevos paradigmas que abandonen las trampas y falsedades neoliberales de la Escuela de Chicago por otras más acordes con la sociedad del conocimiento en que tenemos que avanzar. La actual crisis obliga a revisar el modelo entero y a decir la verdad: la globalización no ha producido nada de crecimiento ni bienestar para nadie ha sido un modelo fracasado y de muy corto alcance histórico pero a la vez ha permitido el robo y la concentración de poder y dinero como nunca antes en la historia de la humanidad en una casta dirigente parásita que no ha aportado nada a la sociedad. Crash 2008: la mayor estafa bancaria, bursátil y económica de la historia. Los datos más importantes. Paulson go out. All the truth about this "unbelievable" big 2008 crash
Pulling the plug won't mean the end of the world; there is an alternative. Let's do a Kevorkian on this rotten system.
The Fed, AIG, Congress, Third Party Candidates and the Debt (tags)
The Fed,” William Greider said, “decides who shall prosper and who shall fail.” American International Group (AIG), Fannie Mae, Freddie Mac and Bear Stearns, all private entities, will be bailed out by the taxpayers. Third Party candidates want an audit and investigation of “The Fed,” an unelected clique. “The Fed,” and the Treasury Dept., are currently submitting a Mother of All Bailout schemes to the Congress. It may cost the public $1 trillion!
Terrorist attack May be cause of Wall Street downturn (tags)
The silence from the investigating camps could mean several things: Either terrorists are responsible for the puts on the listed stocks or others besides terrorists had foreknowledge of the trouble that was about to strike Wall Street or may have even contributed and used that knowledge to reap a nice financial harvest from the instability of the market place.
Reviewing Danny Schechter's "Plunder" (tags)
A masterful account of the subcrime crisis.
US Economy in the toilet (tags)
Nationalization of Freddie Mac (tags)
The Nationalization of the mortage industry by the government shows how easily the goverment can nationalize healthcare and other services. The steady now increased offensive by the bosses over the past 30 years is because of a failure of union leadership by throwing all their resources into funding the Democrats and supporting the "team" concept.
Venezuela: The nationalisation of Banco de Venezuela (tags)
Bolivarian Revolution
Chavez Nationalizes Bank of Venezuela (tags)
In a television programme broadcasted to the whole of the country on July 31st, President Chávez announced the nationalisation of Banco de Venezuela, the Venezuelan bank owned by the Spanish banking multinational Grupo Santander. "We are going to nationalize Banco de Venezuela. I make an appeal to Grupo Santander to come here so that we can start to negotiate". He added: "Months ago I received the information through intelligence sources that Banco de Venezuela, which had been privatized for years, was being sold by its Spanish owners; that an agreement had been signed between Grupo Santander and a Venezuelan private banker, then the Venezuelan banker needed the permission of the government to buy a bank, this is not a small operation (...) and then I sent a message to the Spanish and the Venezuelan banker, to tell them that the government wanted to buy the bank, we want to recover it. Then the owners said ‘no, we don't want to sell it'. So now I say ‘no, I will buy it, how much is it? We are going to pay for it, and we are going to nationalize Banco de Venezuela'." The President continued: "From this moment the media campaign on the part of the Spanish and international media is going to start. They are going to say that Chávez is an autocrat, that Chávez is a tyrant, I don't care, we are going to nationalize the bank regardless". "Ladran, luego cabalgamos" (the dogs bark, therefore the caravan is moving), he said, quoting from el Quijote.
Fannie, Freddie, Food and Fuel (tags)
The financial crisis deepens with the nationalization of IndyMac and the likely bailout of Freddie Mac and Fannie May by the US taxpayer. The financial crisis has company as inflation, and in particular huge increases in global food and energy prices, enters the fray. The American economic model has been discredited and the American century has lasted but a few decades. These developments have and will further open up a new period in the struggle between capital and labor on the world stage and the US working class will have a major role to play as it re-connects with its militant traditions.
FBI mortgage fraud cases involve drug gangs and organized crime and nets hundreds (tags)
Sharon Ormsby, section chief in charge of financial crimes for the FBI, said “some cases, gang, drug and organized crime investigations have resulted in mortgage fraud cases because such schemes enable criminals to launder money.
Economic troubles are broad, deep and worrisome.
Farewell to Neoliberalism (tags)
State interventions in the economy are unpopular and generally regarded as "against the system"-when the state interferes in profiteering. In the case of a crisis, the losses should be socialized.
Evil or Devine? - The King has Risen in Comic Book Fictions (tags)
Evil or Devine? http://www.liveleak.com/view?i=28c_1208872660 106 burglars, 28 armed robbers, 12 embezzlers, 5 convicted rapists, among many others the bush regime brought under the bushite fold in 2007 alone, to commit further war crimes against Humanity for the escaping evil, neocon enemies. Exit strategy: Outlaw lawlessness. Murder, rape, and the thieving of billions from America as STILL wrong.
God Damn the Corporate News American (tags)
I DEMAND a public debate with Americans on the FACT that George Walker Bush is a war criminal.
Support Our Demands For Open Communications (tags)
CNN "We've learned so much this week." Support my demands for US to arrest CNN, CBC, CTV, and the BBC news producers, for consciously forbidding American families from knowing, scientifically, mercury causes brain damage to YOUR child, ONE HUNDRED PERCENT of the time.
The Golden Rule - A Man Takes a Stand (tags)
"Taliban fighters are guilty of nothing but standing in defense of the innocent victims of 911."
Alan Greenspan at the Feds: A Disaster for America (tags)
The supposed financial guru, Alan Greenspan, was nominated to head the Federal Reserve, in 1987, by that union-bashing dunce, President Ronald Reagan. At his confirmation hearing, the late Sen. William Proxmire (D-WI), exposed the fact that Greenspan’s economic forecasting record was “dismal” and “wrong” most of the time. In his book: “Greenspan’s Bubbles,” William A. Fleckenstein proves Sen. Proxmire’s instincts were prophetic.
The Credit Crunch: How America's Banks Lost Their Reputation (tags)
What does normality mean? The law of returns is not the only law. Awareness of risk also has to be considered. After the near collapse of Bear Stearns, some of America's biggest banks are reeling badly. The markets are falling into a state of panic.
Attac Germany on the Subprime Crisis (tags)
The crisis can't be solved with a few surveillance cameras in the global casino. The party was quickily over when the real estate prices stopped soaring. Investors are often guided by a herd behavior. Sustainable economy should have a prioirity over short-term profits.
Infragard - Martial law enforcement has been privatized (tags)
Martial law enforcement has been privatized
Stock Market Meltdown - First Signs of Global Economic Rout
HELICOPTER BEN UNLEASHES DOLLAR HYPERINFLATION (tags)
Washington DC – August 12, 2007 – By deciding to ante up $38 billion for a hopeless bailout of predatory Wall Street hedge funds and the banks that stand behind them, Federal Reserve Chairman Helicopter Ben Bernanke has placed the bankrupt US dollar on a direct course towards the precipice of hyperinflation.-
NEW YORK STATE, HILLARY, SCHUMER, BUSHFRAUD, MOSSAD CRIME WAVE CONTINUES (tags)
It can now be reported that the short sales on insurance company stocks have been traced to an elaborate New York state "Ponzi scheme." This includes the use of U.S. Intelligence Agency-based black accounts and crooked accounting procedures aka "past-posting." This activity is directly linked to former CEO of American Insurance Group (AIG), Hank (Maurice) Greenberg and the out-of-control Israeli Mossad. The short sales and put options that were placed on the Chicago Board of Options pre 9/11 were funded through the American-Turkish Council and Kissinger Associates with brokerage firm Bear Stearns and American Insurance Group disguising the profits as end of the year derivatives.
HOT BREAKING NEWS: Poison Gate Update Now Linked to Plame Gate (tags)
Alexander Litvinenko, the poisoned Russian spy, has now been directly linked to the Chechnya-Mudjahadeen which of course is allied with Al Qaeda. It can now be reported that the U.S. FBI has tied Litvinenko to the sale of nuclear material to the government of Israel through Zurich, Switzerland. The bagman for all this is none other than Marc Rich. Litvinenko, with ties to Chechnya and elements of the Russian Israeli Organized Crime Teams was an important individual. His death is not to be dismissed. It can now be reported that Litvinenko was...
Is RagingBull Lycos profiting from penny stock scams,money laundering ? (tags)
Lycos began as a search engine at Carnegie Mellon and paradoxically its ragingbull.com that provides message boards that censor or delete critics or defrauded investors from posting and allow known penny stock frauds to continue and insiders to the scams to promote known penny stocks frauds is itself like a dark alley of the internet where search engines don't go.
You too can become a Pioneer (tags)
Hundreds of wealthy Republicans gathered at the President Bush, Dick Cheney, and a host of celebrities gathered at the Ritz-Carlton Lodge here in the first weekend in April, not for a fundraiser but for a celebration of fundraisers. It was billed as an "appreciation weekend," and there was much to appreciate.
Yes, indeed — the Bush boom has begun at last. (tags)
This week's report of a barnburner 7.2 percent rise in gross domestic product is very significant. It informs us of the likelihood of a true recovery boom — call it the Bush boom — in the months and quarters ahead.