Archive for the ‘Financial crisis’ Category
The financial system established in England after 1688, based on usurious lending to the state by private bankers, is reaching its final blowout in the form of a series of devastating bubbles and a massive bailout of the financiers with public money. But the issuance of money doesn’t have to be in the hands of a private consortium: another credit system is possible.
Rick Santelli tells it on bailout urgency
Posted by smeddum on September 28, 2008
Posted in Financial crisis | Tagged: bailout, bailout urgency, Rick Santelli | 3 Comments »
US bailout fuels protests in streets, online
Posted by smeddum on September 28, 2008
US bailout fuels protests in streets, online
28 Sep, 2008, 1300 hrs IST, IANS Economic Times
NEW YORK: Even as lawmakers laboured to break the impasse on Bush administration’s $700 bn plan to rescue giant Wall Street firms to solve the financial crisis, the bailout has spontaneously inspired street protests in the US and outrage gone viral across the web. Read the rest of this entry »
Posted in Financial crisis | Tagged: bailout protest, Facebook, Young Turks | Leave a Comment »
Video: Cash for trash and the multi-polar world, Pepe Escobar
Posted by smeddum on September 28, 2008
Posted in Drive to Global War, Financial crisis, Multipolar world | Tagged: bailout, economy, loss of US influence, Multipolar world, politics | Leave a Comment »
Chicago bailout protest and demonstration
Posted by smeddum on September 28, 2008
Posted in Financial crisis | Tagged: bailout protest | Leave a Comment »
Video: Jail not Bailout for billionaire bankers
Posted by smeddum on September 28, 2008
Posted in Financial crisis | Tagged: bailout, credit quake, economy, Mike Hudson, No cash for trash, Paulson, Paulson plan, politics | Leave a Comment »
Rebellious House Republicans want to be part of the bailout debate
Posted by smeddum on September 27, 2008
Rebellious House Republicans want to be part of the bailout debate
They say their proposal has forced the administration and Democratic leaders to consider alternatives to the $700-billion Wall Street rescue plan.
By Jim Puzzanghera and Nicole Gaouette, Los Angeles Times Staff Writers
September 27, 2008
WASHINGTON — On two consecutive mornings this week, top Bush administration officials went to Capitol Hill to sell House Republicans on the $700-billion Wall Street bailout. Each time, they failed to close the deal. Read the rest of this entry »
Posted in Financial crisis | Tagged: bailout | Leave a Comment »
Bailout can’t hide it – the United States is broke
Posted by smeddum on September 27, 2008
Bailout can’t hide it – the United States is broke TheDay
Even leading Republicans in Congress, including presidential nominee Sen. John McCain, recoiled from Treasury Secretary Henry M. Paulson’s proposal to take absolute power over $700 billion to be borrowed by the federal government and used to purchase every sort of bad debt without ever having to answer for it – not to the courts, not to regulatory agencies, and only occasionally and incidentally to Congress itself. Read the rest of this entry »
Posted in Financial crisis | Tagged: bailout, credit quake | Leave a Comment »
China banks told to halt lending to US banks-SCMP
Posted by smeddum on September 27, 2008
China banks told to halt lending to US banks-SCMP Reuters
BEIJING, Sept 25 (Reuters) – Chinese regulators have told domestic banks to stop interbank lending to U.S. financial institutions to prevent possible losses during the financial crisis, the South China Morning Post reported on Thursday. Read the rest of this entry »
Posted in Financial crisis | Tagged: China, liquidity | Leave a Comment »
State reps. flooded with bailout protest call
Posted by smeddum on September 27, 2008
State reps. flooded with bailout protest calls
BY TODD SPANGLER • FREE PRESS WASHINGTON STAFF • SEPTEMBER 26, 2008
Freep
WASHINGTON – Some Michigan representatives in Congress are being swamped with calls and e-mails on the $700 billion bailout proposal being debated on Capitol Hill – with a lot of constituents clearly against taxpayers being on the hook for propping up failing financial institutions. Read the rest of this entry »
Posted in Financial crisis | Tagged: bailout protest | Leave a Comment »
Housing Advocates Call to “Bail Out Main St., Not Wall St.!” at Federal Reserve Protest
Posted by smeddum on September 26, 2008
Housing Advocates Call to “Bail Out Main St., Not Wall St.!” at Federal Reserve Protest
by Jason Pramas (Independent), Sep-26-08 Housing Leather District openmediaboston
BOSTON/Leather District – As an immediate response to the growing financial crisis and the sub-prime mortgage scandal which was its major trigger, 30 people from local housing advocacy organizations and unions gathered in front of the Federal Reserve Bank of Boston on Tuesday to demand a federal bailout for working families instead of financial services companies. The event was organized by the Boston Chapter of the Association of Community Organizations for Community Reform Now and the Massachusetts Alliance Against Predatory Lending. Read the rest of this entry »
Posted in Financial crisis | Tagged: bailout, bailout protest, housing crisis, no bailout, No cash for trash, stop the bailout | Leave a Comment »
Video:No cash for trash
Posted by smeddum on September 26, 2008
More at Godlikeproductions
Posted in Financial crisis | Tagged: bailout protest, economic crash, no bailout, No cash for trash, stop the bailout | Leave a Comment »
In These New Times 