fix articles 612, freddie mac
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.
Furious Homeowners Occupy Lobby of Fannie Mae in Pasadena (tags)
Members of the Alliance of Californians for Community Empowerment (ACCE), Occupy Fights Foreclosures (OFF), Occupy Los Angeles (#OccupyLA), the Home Defenders League (HDL), and Strategic Action for a Just Economy rallied at Fannie Mae in Pasadena, CA to demand that the Federal Housing Finance Agency end its policies prohibiting principal reduction for underwater homeowners.
Fannie and Freddie in Good Hands with Mel Watt (tags)
Looming Economic Realities (tags)
Seeno Family Developers Inflate Home Prices (tags)
For activists in Nevada who were battling Coyote Springs development and the SNWA pipeline, we've gone from the frying pan into the fire. Our prior nemesis Mr. Harvey Whittemore has now been replaced by Mr. Albert Seeno and Family. Just as was the case with Mr. Whittemore, environmental regulations are simply obstacles for Mr. Seeno & Co. to avoid, bend and break when needed.
May 1 General Strike 'four winds' meetings (tags)
Five important meetings tonight in east, south and west LA, the San Fernando Valley, and downtown about making plans for the May 1 General Strike four winds caravans and convergence.
The Criminal Class in Washington is Bipartisan (tags)
PRESS RELEASE: MARINE, FAMILY TO BE EVICTED (tags)
Mortgage Giant Freddie Mac Set to Forcibly Evict Riverside Marine and Family Dozens of supporters to join Riverside homeowner Art de los Santos in last stand as eviction order expires Company refuses to even reevaluate wrongfully foreclosed homeowner’s income.
Destroying the American Dream (tags)
The Crisis, Trust and Homeowners (tags)
Capitalism cannot function any more without credit-financed debt on account of its increasing productivity. The recession will come because the indebtedness-dynamic can hardly be maintained with which the capitalist zombie-economy is kept alive in its pseudo-life.
Kicking the Cannes Down the Road (tags)
The US, the Debt Superpower (tags)
The state bailout of these gigantic real estate institutes, banks and insurances and the enormous economic package to get the crisis-weakened economy on its feet again is one of the essential causes of the present debt crisis. In two decades, $5.5 trillion was spent on a dozen wars.
The Business of America Is War (tags)
An Expansion of Terms Used in the Coffee Party Article by RP (tags)
I apologize for the weak structure in this article. I was hoping to write something that explained some of the material in the story, but ended up going a bit afield with the information. This article attempts to be neutral and nonpartisan, or at least not shrill, and avoids too much analysis. The nature of the Great Recession is difficult to sum up in a few pages, because it's a failure of a complex system with many parts, and many related behaviors, that led to the near-collapse of capitalism.
Fraud in America (tags)
foreclosuregate one of many examples
Ex-Fed Chairman Paul Volcker Criticizes the Federal Reserve (tags)
"Altogether the 81-year old Volcker can hardly see anything good in the development of the financial system over the last 25 years."
W Bush's,Barack Obama's Mass Murderer Robert Gates Says Wikileaks Has 'Blood On Its Hands' (tags)
If anyone can prove that WikiLeaks' founder Julian Assange HAS EVER SHAKEN HANDS WITH EITHER BARACK OSAMA OBAMA OR HIS AND W BUSH'S SECRETARY OF WAR FRAUD ROBERT GATES,THEN HE SHOULD LOOK CLOSELY - THERE MAY LITERALLY BE BLOOD ON HIS HANDS JUST AS GATES CLAIMS !
Greenspan and the Guilt of Others (tags)
Before the committee, Greenspan immediately went on the offensive (cf. Creole trick). The irresponsible loans of banks caused the crisis, not the low interest of the Fed. The Fed failed in regulating the banks because its employees were not neutral.
Vancouver Libertarian Paul Geddes brings CIA racist stock money launderers to Canada (tags)
Aren't you as a Canadian capable of creating your own political party that at least has no ties to stock fraud,money laundering gold and mortgage scams of the U.S.Libertarian Party and Republican 'libertarian-in-chief' Ron Paul with his criminal ties to James Dale Davidson's,Lord William Rees-Mogg's and ex CIA 'economist' Mark Skousen's Agora Inc crime family ?!
Reviewing Project Censored's Latest Top 25 Censored Stories (tags)
Project Censored's fabulous new book.
We are here to remind our government that this is our country (tags)
We are here to remind our government that this is our country
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
Decommissioning a Superpower (tags)
"From July to September 2008, China reduced its investment in the US real estate banks Fannie Mae and Freddie Mac. The US tgovt needs $1.5 billion in foreign credits day after day..The greatest debtor of the world cannot force the law of trade on its creditors any more.."
Global Crisis: How Much Time do We Have? (tags)
"Rather, what began Monday, September 15, 2008 was the beginning of a terminal and irreversible collapse of the global financial system, which is part of a controlled Model through which other objetives will be achieved."
FILIPINOS DEMANDS LEGALIZATION AND IMMIGRANT RIGHTS (tags)
Last Friday, May 1, International Workers’ Day, women workers, youth and allies of the Alliance for a Just and Lasting Peace in the Philippines (Alliance Philippines) joined the groundswell of immigrants and workers demanding for Obama to deliver on his promise of immigration reform in nationally-coordinated marches. The Alliance Philippines called for full legalization, amnesty, a stop to racist enforcement measures like deportations, detentions and border militarization, full protections for all workers, and an end to US imperialism, the root cause of the Filipino people’s forced migration. “We are here to echo the voices of the 14 million undocumented who are struggling and working hard despite the economic crisis,” said Mona Lunot, nanny, housekeeper and Chairperson of DAMAYAN Migrant Workers Association, in her speech at the concluding rally in New York City. DAMAYAN is a member organization of Alliance Philippines. “Undocumented workers are called ‘aliens.’ But we are the workers who take care of Americans’ homes and children, cook their food, build their houses, and plant the food they eat.
FILIPINOS DEMANDS LEGALIZATION AND IMMIGRANT RIGHTS (tags)
Last Friday, May 1, International Workers’ Day, women workers, youth and allies of the Alliance for a Just and Lasting Peace in the Philippines (Alliance Philippines) joined the groundswell of immigrants and workers demanding for Obama to deliver on his promise of immigration reform in nationally-coordinated marches. The Alliance Philippines called for full legalization, amnesty, a stop to racist enforcement measures like deportations, detentions and border militarization, full protections for all workers, and an end to US imperialism, the root cause of the Filipino people’s forced migration. “We are here to echo the voices of the 14 million undocumented who are struggling and working hard despite the economic crisis,” said Mona Lunot, nanny, housekeeper and Chairperson of DAMAYAN Migrant Workers Association, in her speech at the concluding rally in New York City. DAMAYAN is a member organization of Alliance Philippines. “Undocumented workers are called ‘aliens.’ But we are the workers who take care of Americans’ homes and children, cook their food, build their houses, and plant the food they eat.” In the Los Angeles, the epicenter of the immigrant rights movement, in the biggest rally more than 30,000 marchers led by the Full Rights For immigrant coalition turned out and marched from Broadway and Olympic intersection around 1;00 PM. Composed mostly of Latino workers and advocates who filled the streets, the militant march overflowed the main streets of LA.
Honeybees in danger (tags)
Honeybees in danger
Ice-free Arctic Ocean possible in 30 years (tags)
Ice-free Arctic Ocean possible in 30 years
Marine mammals will die in Navy warfare testing program (tags)
Marine mammals will die in Navy warfare testing program
Iraq puppet government prepares to execute hundreds of gays (tags)
Iraq puppet government prepares to execute hundreds of gays
What is Behind the AIG Scandal (tags)
The controversy surrounding the American International Group (AIG) is one for the ages, for it starkly reveals who is really running our economic system and to what end. In an effort to please two irreconcilable groups — the vast majority, average working Americans, versus the few financial elite — Obama has lately resembled a tightrope walker on a tattered rope. The AIG debate has now unsettled this delicate balance; no longer will it be so easy to give billions to Wall Street while fake rage is hurled against this same group. The jig is up.
Obama's Mistake in Reasoning (tags)
The accumulation of capital in fewer and fewer hands first made possible the worldwide economic crisis. For Obama's economic policy to be successful, he must reverse the assets disparity and force the 10% with two-thirds of the assets to solidarity through higher taxes.
23 Theses on the Capitalist Crisis (tags)
Since the middle of the 1990s, the real economy only grew on account of the expansion of credit. After the dot.com crisis, the floodgates were opened. In the next four years, the Fed brought more dollars in circulation than in the whole 200-year US history.
Dispatches from the Front Lines of the Economic Crisis (tags)
economic conditions worsening
JOIN W.E.R.C Today ! (tags)
In recent months, we have witnessed billions of dollars pumped into the financial institutions WITH NO STRINGS ATTACHED. Reckless behavior and greed have been graced with the most extravagant rewards, allowing the rich to get even richer. After receiving their bailout, A.I.G. executives resumed their plans for a retreat at a lavish resort. Meanwhile, foreclosures have risen, unemployment has soared, and misery has spread with virtually nothing being done for the millions of workers suffering from these afflictions. We cannot sit back and simply hope that things will get better. The financial executives have organized themselves and lobbied for bailouts. We must now do the same. We must organize ourselves and mount a campaign, insisting that government programs benefit the majority of the population first and foremost, not the super wealthy small minority.
Workers Emergency Recovery Campaign (tags)
Below is the introduction, ten point program, and partial list of endorsers for the Workers Emergency Recovery Campaign
An Umbrella for Workers (tags)
The economic crisis is a structural crisis where productivity has soured and wages have stagnated. The fraud in public regional banks must end. Unemployment benefits must increase. Michael Schlecht is a union spokesperson for the German Left party (Die Linke).
From Real Estate Speculation to Collapse of Global Deficit Economy (tags)
Joy to the world, the world of fallen idols and bubble transfer. The truth will set us free but the truth is a process, not a cudgel or stimulus. After the dot-com bubble, trillions were "invested" in real estate speculation. The crisis of the work society is the background for low interests.
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.
Naked Short Lie:Steve Forbes Brings Economic Pornography To Wardlaw-Hartridge High School (tags)
The earliest usage for the term 'naked short selling' or 'naked shorting' I have been able to verify is from an email to the U.S. SEC IN 1999.No academic or securities professional ever used it previously and Patrick Byrne's NCANS representative gave the Cheetah Club lap dance club in Las Vegas' address when a website was opened for that fraud in 2004 or 2005.I believe that had a professional or academic coined a term for counterfeitting of shares it might have been 'negative short selling' but because it was creating by a Washington,D.C. mafia composed of social perverts 'naked' was the only thing they could come up with. And Steve Forbes gives new meaning to the word pervert.
South Carolina Governor Mark Sanford Lauds D.C. Money Launderer James Dale Davidson ! (tags)
'But his( South Carolina Governor Mark Sanford's)career took a dramatic turn after he heard James Dale Davidson, founder of the National Taxpayers Union, give what Sanford recalls as an "apocalyptic" speech about excessive government spending. Sanford decided to run for Congress, pledging to end the deficit, eschew pay hikes and serve only three terms.' - Dec 01, 2008 McClatchy-Tribune Information Services
Lurching Toward Gomorrah: More Signs of An Unstoppable Economic Meltdown (tags)
a deepening economic crisis
Fed Defies Transparency On Bailout Monies: Refuses to Disclose (tags)
By Mark Pittman, Bob Ivry and Alison Fitzgerald Nov. 10 (Bloomberg) -- The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral.
The Wages of Sin (tags)
The deepening economic crisis.
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.
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.
Fannie Mae Lie:SEC Chris Cox,Agora Inc.,James Dale Davidson, Lord Rees Mogg,LOM Bermuda (tags)
Now why does Chris Cox and his SEC (U.S.Securities Exchange Commission)allow Scott Lines and his LOM(Lines Overseas Management) of Bermuda Bahamas Isle of Man,etc.whose massive U.S. penny stock frauds and manipulations in collusion with disgraced Florida Democrat Rep.Tim Mahoney's vFinance and Charles Schwab has been covered up by the SEC itself to buy and sell Fannie Mae,Freddie Mac,etc. shares ? And how can anyone know just how many they really buy and sell or short,(dump),over time ? Could these types of offshore hedge fund and securities fraudsters be what caused the collapse of Fannie Mae shares and NOT the lie Chrisopher Cox about 'naked shorting' Cox has sold to the public ?
More from the Front Lines of the Financial Crisis (tags)
The worst is yet to come.
Fannie Mae: Barnie Frank Goes Down On Moses,SEC Chris Cox Cries 'Naked Shorts' (tags)
Of particular interest to me although not the biggest part of the Fannie Mae Freddie Mac money laundering fraud is the lie told by the SEC Chairman and social parasite and war criminal Chris Cox that Fannie Mae,et.al. were 'naked shorted' a term made up by penny stock manipulators meaning 'counterfeitted' when Cox can't point to a single example and those who have run penny stock scams and pump and dump money laundering ops are in fact protected by him and so continue to lie about their criminal enterprises or public companies being 'naked shorted' because they are never punished !
Financial Market Capitalism: Neoliberalis become State Socialists (tags)
Neoliberalism is neither new nor liberal. All freedom is demanded for capital, even though human dependence is intensified and human existences destroyed. The state becomes a functionary for neoliberal concepts. The debts of Fannie/Freddie are added to the nine trillion.
Angry Protests at S.F. Mortgage Bankers Conference (tags)
The annual national conference of the Mortgage Bankers Association was greeted by angry protests outside the Moscone West convention center in San Francisco on October 19-20. The demonstrations initiated by the ANSWER Coalition received extensive coverage from nearly all mainstream Bay Area media.
The panic of 2008 (tags)
Lee Sustar explains that the mayhem in the markets this week is symptomatic of a deeper crisis--and the leaders of the most powerful governments aren't sure what to do.
"We are in an epoch shift" (tags)
Free markets became wild markets. The post-socialist blessing became the turbo-capitalist curse. The state allowed the monitoring of banks to be de facto privatized. Politics allowed the markets to run wild. In turbo-capitalism, contracting debts was trendy and saving was Philistine.
Lehman sought millions for execs while seeking bailout (tags)
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??
Grand Theft America (tags)
The government-business looting of America.
Russians and Chinese Laugh (tags)
Bailing out speculators is like protecting the sharks from the sardines.or paying the robbers. Executives should absorb their losses by taking a 96% pay cut. Speculation should be discouraged, not rewarded. The Capitol switchboard is easy and free 800-270-0309
Bail-Out, Economic Democracy and the Socialist Path (tags)
David Schweickart, political philosopher, discusses the financial crisis, what it exposes about capitalism, how it can set the stage for economic democracy, and open the socialist path.
Labors Militant Voice (tags)
Pulling the plug won't mean the end of the world; there is an alternative. Let's do a Kevorkian on this rotten system.
V.P. Candidate Alexander: Fed Rescue Plan a Temporary Fix (tags)
Vice Presidential Candidate Stewart A. Alexander, says the $700 billion rescue plan is only a temporary fix for an economy with many fractures. “The root cause of the U.S. economic crisis is the system, capitalism; and every 75 years a new bailout plan becomes necessary.”
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.
Step Right Up Folks! It's The FEDERAL RESERVE CARNIVAL BAILOUT Shell Game! (tags)
Over the din of calliope music, the smell of hot dogs, cotton candy, and buttered popcorn, set against the backdrop of brightly colored booths filled with con-artists, charlatans, and fakes of every type and description, a new carny booth has just opened, The Federal Reserve Bailout Shell Game Booth ! And EVERYONE is a WINNER !!!
Bankruptcies Prohibited (tags)
Capitalism is a system based on debts and credit. To function, it needs trust, trust that banks will always meet their obligations. Fannie and Freddie could not do this any more. Alan Greenspan promoted market forces after extremely overrating them.
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.
The Shortwave Report 9/12 Listen Globally! (tags)
A weekly 30 minute review of news and opinion, recorded from a shortwave radio. With times and freqs for listening at home. 2 files- broadcast and slow-modem streaming. Free to rebroadcast. China, Netherlands, Cuba, and Russia.
SOCIALIZAR las pérdidas- PRIVATIZAR los beneficios (tags)
Siendo tan anti-Socialista como es, la elite financiera no tiene ningún escrúpulo en SOCIALIZAR las perdidas, solo los beneficios permanecen PRIVADOS
9/11,Dem VP Joe Biden,Hunter Biden's Paradigm and Israeli Delaware Corp ICTS International (tags)
Any review of the convicted,(in Israel)money launderer Menachem Atzmon's and Ezra Harel's et.al.'s ICTS International would find that it was a securities,(stock),fraud as well as a security fraud. Joseph Biden,in allowing ICTS International to escape scrutiny and allowing his brother and his son to involve themselves with Paradigm hedge fund scum and penny stock operaters and pump and dump 'derivatives' scam artists is below contempt ....... and Barack Obama is rapidly catching up...
Gremach Infrastructure's Google India Attack, Mozambique Coal Baron's Squalor (tags)
The original purpose of this article post was to point out that India's Gremach Infrastructure Equipments & Projects Ltd that is threatening to sue Google because of an anonymous poster 'using the name 'Toxic Writer' criticized the company on blogger.com, a site that allows individuals to create blogs....' is no more than an India stock market version of U.S. incorporated penny stock pump and dump scams and has lost 80% or so of investor money in the last few months.If anything their own investors it should be sueing them. However when I say 'investors' -I do not mean such international stock sharks and hedge fund entities as Merrill Lynch or Templeton Funds or Eureopean Swiss Finance Corporation or Caytman Island based LB India Holdings Cayman II Ltd., offshores.These international securities parasites are in my opinion part of the problem and have aided and abetted Gremach and its insiders and promoters,such as or particularly Mr. Ratanlal Tamakuwala and Mr Rishi Raj Agarwal,to take retail or small investors for a ride.
Venezuela: The nationalisation of Banco de Venezuela (tags)
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.
The Antithesis of Ethics (tags)
On the day when hundreds of intellectuals coming from every continent are meeting in Havana to take part in an International Conference for World Equilibrium on the date of José Marti’s birth, on that same day, by some strange quirk, the President of the United States spoke...
A Generalized Meltdown of Financial Institutions (tags)
By Mike Whitney 11/24/07 "ICH" -- - Reality has finally caught up to the stock market. The American consumer is underwater, the banks are buried in dept, and the housing market is in terminal distress. The Dow is now below its 200-Day Moving Average -- the first big "sell" signal. Anything below 12,500 could trigger program-trading and crash the market. The increased volatility suggests that we are watching a "real time" meltdown.
Imperial wars and genocide, Petrodollar Recycling System and meltdown of financial world (tags)
Imperial wars, crimes and genocide, Petrodollar Recycling System and meltdown of financial world order. Articles, analysis and video documentary
Exposing NCLR’s Corporate Ties. (tags)
National Council of La Raza: What's in a name?
Top 100 'poor' on social impact (tags)
A new report by a pro-business consultancy reveals corporate responsibility is sorely lacking among the world's top 100 firms, especially in the US.
THE SUMMER OF TERROR 2004 (tags)
The criminals who got away with 9/11 are planning more far larger scale attacks.
The Internet and Mobocracy (tags)
The political movement of affluent, college-educated, angry liberals needed a candidate for the same reason that Bar Mitzvah DJ's need a way to pull people onto the dance floor. Howard Dean is the left's Cha-Cha Slide.
AS THE ECONOMY CRUMBLES - June 16, 2003 (tags)
Summarizing the crappy economic news of the week.