Archive for the ‘Financial crisis’ Category
US rally: ‘Too big to fail’ not too big to jail
Posted by seumasach on May 18, 2010
Posted in Financial crisis | Tagged: failing banks | Leave a Comment »
Colin Buchanan trashing lib dem conservative coalition on RT
Posted by smeddum on May 17, 2010
Posted in Afghanistan, Battle for Europe, Financial crisis, Iran, Multipolar world, New Cold War, Uncategorized | Tagged: antiwar interview, Russia today | Leave a Comment »
The tangled web that The House of Global Warming was built on
Posted by seumasach on May 10, 2010
May, 2010
Thanks to Glenn Beck, we get bit more insight into the tangled web that The House of Global Warming was built on.
Posted in Financial crisis | Tagged: Goldman Sachs | Leave a Comment »
Stock market collapse: more Goldman market rigging
Posted by seumasach on May 8, 2010
Ellen Brown
8th May, 2010
Last week, Goldman Sachs was on the congressional hot seat, grilled for fraud in its sale of complicated financial products called “synthetic CDOs.” This week the heat was off, as all eyes turned to the attack of the shorts on Greek sovereign debt and the dire threat of a sovereign Greek default. By Thursday, Goldman’s fraud had slipped from the headlines and Congress had been cowed into throwing in the towel on its campaign to break up the too-big-to-fail banks. On Friday, Goldman was in settlement talks with the SEC.
Posted in Financial crisis | Tagged: financial fraud, Goldman Sachs | Leave a Comment »
Global food bubble on the way?
Posted by seumasach on May 6, 2010
Global food bubble on the way?.
Highly informative talk by Jayati Ghosh on financial speculation in the food market.
Posted in Financial crisis | Tagged: food bubbles | Leave a Comment »
UK politicians fail the Afghanistan, economics and banking tests
Posted by seumasach on May 2, 2010
Christopher King
2nd May, 2010
Christopher King argues that Britain’s leading politicians lack the courage to acknowledge the only moral conclusion to the Afghan fiasco – withdrawal – and lack the vision, integrity and competence to tackle the country’s economic and banking crises.
Our politicians are trying desperately to convince us that they know how to run the country. Well, we’ve been listening to them and they’re rubbish. Their entire economic argument chases its tail around how much public expenditure each party will cut, how much we will be taxed, what and when. It’s all about the deficit and a mythical economic recovery, the basis for which or the possibility of it not occurring were never mentioned. And recovery is doubtful. In parallel, the Institute for Fiscal Studies says that there are massive spending holes in all their published budgets because they’re concealing how enormous the government’s deficit is. Call me a prophet of doom – I don’t care. Doom is on the horizon.
Posted in Financial crisis, UK economy | Tagged: bankrupt Britain | Leave a Comment »
There is no alternative!
Posted by seumasach on May 1, 2010
Posted in Financial crisis | Leave a Comment »
Tsunami alarm: Tarpley predicts 2nd wave of global crisis emerging from Greece
Posted by seumasach on April 30, 2010
Posted in Battle for Europe, Financial crisis | Leave a Comment »
Down with ‘Too Big to Fail’: Angry Americans march on Wall Street
Posted by seumasach on April 30, 2010
Posted in Financial crisis | Leave a Comment »
Seize and Liquidate Goldman Sachs
Posted by seumasach on April 30, 2010
Webster Tarpley
27th April, 2010
Today’s Senate hearings, carried on CNBC, Bloomberg, and C-SPAN, represent the first major exposure of the American people to the scandalous frauds of the derivatives casino, including synthetic collateralized debt obligations (synthetic CDOs or CDO²). These are things most people have heard very little about. They begin to open up the shocking reality behind such shopworn euphemisms like “toxic assets,” “exotic instruments,” and “troubled assets.” Reactionaries in general and Republicans in particular have done everything possible to hide the role of derivatives, which must be considered the main cause of the financial panic of September 2008 which brought down Lehman Brothers, Merrill Lynch, and AIG, after felling Bear Stearns in March of the same year. The reactionary legend, repeated yesterday on the Senate floor by financier minion GOP Sen. Gregg of New Hampshire, is that the crisis was caused by poor people taking out subprime mortgages and then defaulting, bringing down the entire Anglo-American banking system and triggering the bailouts. Either that, or too much government spending was too blame.
Posted in Financial crisis | Tagged: Goldman Sachs | Leave a Comment »
Bring Down Goldman Sachs and Expose the Financial Coup
Posted by seumasach on April 29, 2010
David DeGraw
28th April, 2010
Not only did Goldman Sachs profit on betting against CDOs they designed to fail; more importantly, they insured them through AIG which led to a $182 billion taxpayer bailout.
Have you heard the news? It’s everywhere! The SEC and Congress have all of a sudden sprung to life and are now “getting tough” on Goldman Sachs. Is this all the first phase of a long-awaited investigation that will reveal the causes of our current economic crisis, or is this just more show trials and psychological operations designed to manipulate public opinion and make the American people feel that our elected officials are finally standing up to their campaign funders on Wall Street?
Posted in Financial crisis | Tagged: financial fraud | Leave a Comment »
In These New Times 