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.
Pro-Mubarak Thugs are Traitors to Egypt! (tags)
The pro-Mubarak thugs in Egypt attacking peaceful pro-democracy protesters are traitors to their people and nation. The pro-Mubarak thugs are most likely plainclothes police fearful of losing their favored status once Mr. Mubarak accepts his status as a deceased dictator and steps down ASAP. Here in the U.S., we question our government's funding of Egypt's military and CIA collaboration with a thirty year tyrant!
The Obstacles to Real Health Reform - Private Insurers and Big PhRMA (tags)
Predatory providers are the real problem
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.."
Was the Prez Obama bribed by AIG ? (tags)
see this informative article about the meltdown, the 25 main cheating money grabbers, and how much AIG, a huge bailer outed had contributed to Obama's recent campaign in 2008 =see http://www.publicintegrity.org/investigations/economic_meltdown/assets/img/Chart5-fullsize.jpg
APRIL 25, LA EVENT FOR MUMIA: Saturday, April 25 at the Southern California Library for Social Studies and Research, 6120 S. Vermont, from 5-7 PM.
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.
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.
Alexander: Socialists Say Nationalize All U.S. Banks (tags)
Former Federal Reserve Chairman Alan Greenspan thinks it’s necessary to temporarily nationalize some banks. Federal Reserve Chairman Ben Bernanke in recent statements has indicated that the nationalization of some banks may be necessary under certain conditions, and many economic analysts believe nationalization is only a matter of time; however, socialists nationwide say nationalization of all U.S. banks is now necessary to achieve a national economic recovery.
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.
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.
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!
... Fiscal paradises are prospering; people are suffering. Is this how humanity’s well-being can be guaranteed?
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.
STOP THE PUBLIC BAILOUT OF A.I.G.! TIME FOR REAL CHANGE! (tags)
The U.S. government is poised to bail out AIG with a conservatorship or new bridge loans. It hopes to punish instead the taxpayer public. Stop the public bailout of private wealth! Fight for a real public take-over of AIG! Time for real, socialist change!
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John Kerry Video proves reason for concern over a John Kerry vs George Bush presidential race.
Will your job move to India? (tags)
Millions of U.S. jobs will be exported in the coming decade, forecasters say. Here are the jobs that are especially vulnerable, plus 5 that aren't.