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Bear Stearns Has Learned Nothing
We must take action to stop the greed and corruption on Wall Street.
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The Blog
Who Can we Bank on as Crisis Gets Worse?
Washington seems tethered at the hip to Wall Street and continues to do its bidding. Obama wants to give us confidence, but the most trenchant critics believe a total collapse is in the offing.
The Case of the Missing Stock Data
With the demolition of Wall Street firms, something important is disappearing too: their share price data from the stock exchanges.
Desperate Housewives
Scarsdale has always traded on its education system -- and hence, its values. Then what of the upsurge in thievery, crimes that make Teri Hatcher and co.'s seem petty by comparison?
Expert As Frenemy: Notes On The New Yorker Summit
Human nature leads us to turn towards expert-dependent disciplines to save us from ourselves but to what extent are experts -- and our own competence -- the frenemy in our midst?
Weekly Audit: Bank Execs Looting Customers, Shareholders and Taxpayers Economy NewsLadder
by Zach Carter, TMC MediaWire Blogger Some of the largest U.S. banks may be on the ropes these days, but the disparity between the plight of financ...
KPMG Has A $1 Billion Problem At New Century
KPMG is being sued for $1bn by the liquidators of New Century, the collapsed subprime lender, in the first big case against an auditor arising from th...
Entertainment vs. News
We don't need flash, flag-throwing or yelling at the camera. We just need honest, factual stories. And we need reporters who can give us those stories in a responsible and trustworthy manner.
Financial Crisis Goes Global, Slams into Europe
People in the EU have politicized economic issues perhaps because of a more diverse media environment as well as the expectation that governments have a duty to protect their people.
Chief Economist on Talent and the Economy
"Our recovery may take years," the economist concluded over our last cup of coffee, "But smart people who work hard will always find a place." Talent will as always, he believes, find a home.
Please Raise My Taxes President Obama
When I was at Harvard Business School, we inherited a joke that has passed from class to class. It goes something like this: the whole HBS education ...
My Ode to 2008
2008 offered quite the election, with both parties fighting to set our nation's direction. It took forever for Hillary Clinton's concession, and Reverend Wright was not a good connection.
Toyota Republicans Should Cut Their Own Pay
Clearly the allegiance of the Republicans who opposed the loan to save GM and Chrysler is not with the US, which would lose 900,000 jobs if just GM closed, and more than 2.1 million if the Big Three did.
What Do Business Schools Teach Now?
If business schools don't change -- fast -- they'll become like military academies after the first world war: discredited and obsolete.
Torches and Pitchforks
We must address the knee jerk layoff reflex. At the first sign of a slowdown, companies fire their workers, choosing highest profits over the lowly employees.
Paulson Policy Failures
The Treasury's policy did nothing to build confidence or stabilize the markets. The precipitous drop of the equity markets in October and November are the market's judgment on their policies.
Fat Cat CEOs, Bailout on Wall Street and 'Say on Pay'
Corporate Executives jump ship, golden parachutes intact, while employees lower down the totem pole walk away having lost retirement accounts, nest eggs and health care coverage.
The Republican Collapse: 100 Years In The Making
THE REPUBLICAN COLLAPSE: 100 YEARS IN THE MAKING Even amid the stressful heat of the campaign, the candidate could not escape the obvious. "The Republ...
Hitting the Trifecta
The current administration has proven the folly of trying to make government work when you don't really believe in government to start with, when you think it's the problem, not the solution.
Why The Government Can't "Fix" the Crisis
In what was for many an unbelievable chain of events, markets started melting down, confidence shattered and believers in unregulated transactions realized something was very, very wrong.
Miami Debate-Watch Crowd in the Tank for Obama
Over and over, the least cordial man in politics tried to insist that he was a friend; and again and again a roomful of genuinely friendly folks groaned otherwise.
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As a sidebar to the Economic passion-play, MSNBC's featuring the Barack Obama close-order drill team who are spinning themselves into an exquisite cocoon.
Dow up 233.
While you are NOT Spinning the Bush-Cheney Catastrophe, Huh?
Brick
Dow 255.
Now we have our Nations leaders throwing tax dollars at a trashed financial institution.
Questions; WHERE IS THE MONEY COMMING FROM? More tax breaks, more loans from China?
My local property tax rates are soaring, my energy costs are soaring, my medical costs are soaring.
My quality of life is plummitting!
In China, the populace is thriving on the USA debt. The USA is indebted to China. Think about that.
In Russia, the populace is thriving on their oil and natural gas glut. Russia sells this energy for huge amounts of US Dollars.
China and Russia are sharing military tactics and their future looks good. It's all about who has more than the other. Both countries are eager to catch those dollars our leaders throw around. Did I mention that China and Russia together have thousands of nuclier weapons and tens of hundred thousands of active military forces.
While the USA military is held hostage in Iraq by less than ten thousand criminals called "al Qaeda in Iraq"; our leaders continue to trash our economy. Notice how these so called leaders smirk and laugh as they flaunt with arrogance and bail out without any accountability or penalty.
There are over 200 thousand heavily armed US Military Forces and "Corporate Security Forces" in Iraq.
We are being held hostage in Iraq by less than ten thousand "al Qaeda in Iraq" criminals.
THE ECOMONY----- ITS ABOUT OUR DEBT STUPID-----IF YOU ARE POOR DON'T WORRY-----
------IF YOU ARE RICH-BETTER START TO WORRY-----
That's why i call the people in this administration and their filty rich cronies traitors. They are purposely leading this country to ruins. Thats why they have these corporate ceo smirky looks on their faces. They know they have us by the gonads, hell nuts. If you have ever been a union representative, you'd know that smirky look, after one of them has setup employees for firing, just to get high fives and promotions for doing so.
The underpinning Dollars are themselves dwindling down to trash.
That's a richer, more gradient barometer of who, what and where we are as an integral economic power than the hallowed Dow.
We need to address the "Federal Reserve System" like never before. That Private Bank has placed itself in a position so that it could foreclose on the United States of America! Yes, they could find our COUNTRY in default if they took a mind to. Thus is born the Arrogance worn so clearly on GWB's and Cheney's smirking faces. They KNOW it's only up to THEM to pull the switch anytime they feel like it!
The Fed needs to be overtaken and reined in. Only then can The United States, OUR Country, begin to "Right Our Ship of State"! There is No Other Way, Period! Sad part is they've granted themselves, along with complicit Republican Congresses through the years, enough Power that the Country is Totally dependent on them! (And, yes, there have been Plenty of corrupt Democrats who have helped them, too!)
There is NO OTHER WAY!
Brick
Just don't put a return "address" on the envelope.
Yeah...No Sh*t!
Brick
Exactly, but a lot of people haven't suffered enough. A lot of people are and have been suffering for a long time now. But these people, they don't care about. These are the people who's votes were taken away in 2000 and 2004, and nothing done about it. They simply called these people too dumb to vote right and denied it happened. They tell them to pull themselves up by their boot straps, when they have no boots. It has to happen to them. When it happen to them, they will turn on these people with no boots, and blame them for the problems (welfare queens). When a majority of them voted for the traitors in office. They sat back and did nothing while they stole the elections. Because thats who they wanted in office. He "looked presidential" to them, i suppose?
Yeah, you're right...But the main reason they're sitting there in the White House is because the American Public TRUSTED THEM!! This is the first time in our history that any Party has been so blatantly Fraudulent! They truly believe the "Dumb" part of what you said. But, we're Not that Dumb...We've just Trusted the President of the United States like Our Constitution says we Can!
Oh, and another thing...MY VOTE Flew out the back of the "Diebold" machine down here in North Carolina...You might have heard about it. Over 4,000 of us "Dumb" citizens had just as well stayed home. I even showed up on Election Day to vote 'Provisional' and was told by the lady at the front desk that if I did "I would be committing a 'Felony'" and just would not allow me to vote. That has now been changed mainly due to my experience. My Vote still did Not Count! I know what you're talking about, My Friend! And, there is a very impotent and Empty feeling you get when you've just been had by that crowd.
And, yes, the lady at the desk was a card carrying Republican (she lives in the same subdivision I live in) and she was almost gloating when she said the 'Felony' Part.
Brick
Look at the bright side.
Oh! Shit.
Step outside and wash your feet.
You are a snarky little bugger, aren't you?
They smile because whats happening to this country is just what they planned. They give each other high fives. Increases in down payment for FHA loans forced more people into taking these risky flexible interest home mortgage loans.
Ask yourself, why would they increase FHA downpayment amounts making it least likely the people who were the reason FHA were best suited for and at the same time, making it easier for them to go through the banks and get a flexible loan.
First, this country is fighting two wars ON SO-CALLED TERRORIST. THATS RIGHT, ITS ALL BULL. The so called war on terror can last forever. Keeping the flow of money into the fat cats pockets forever. The cost of war my fellow patriots, will cost 10s of trillions of dollar. Will kill 10s of million people.
The dollar is down way down=makes it more likely that other countries can buy up American goods and land cheap.
A barrel of oil is at $111.00 a barrel was $28.00 when these traitors took the presidency. How could this happen unless it was planned. They sure as hell didn't do anything to stop it, now did they?
THINK ABOUT THE STOLEN ELECTION IN 2000
Think about 9-11
T hey are destroying the MILITARY. How many people are enlisting?
Think about the patriot act
Homeland security
WIRETAPPING
habeus corpus
over 4000 troops dead. at least thats what they tell us.
Think about the over 30,000 wounded they don't want to take care of.
THE JUMP IN THE PRICE OF A BARREL OF OIL FROM $28.00 TO $111.00. GAS FROM $1.59 to $3.25 and counting.
Cost of living is growing growing GROWING.
bush bails out wall street and tells main street to F**K OURSELVES.
They paseed the bankruptcy bill but allow the criminals to keep charging high interest rate.
Its well planned and its being carried out. MISSION ALMOST ACCOMPLISHED.
Waitaminute:
You asked this question:
"Ask yourself, why would they increase FHA downpayment amounts making it least likely the people who were the reason FHA were best suited for and at the same time, making it easier for them to go through the banks and get a flexible loan. "
And before you could expound on it your post dissolved into some sort of rant. Okay, so why did "they" increase FHA downpayment amounts? Assuming that "they" did.
The problem with a post like this is it would seem to indicate that GWB is a GENIUS since he was able to plan this.....in other contexts, given the nature of your Anti-Bush rhetoric is a claim you would be reticent to make
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