In These New Times

A new paradigm for a post-imperial world

Posts Tagged ‘bail out swindle’

Who are the real culprits behind UK’s collapsing public services?

Posted by seumasach on February 29, 2016

Dan Glazebrook


27th February, 2016

Anyone following David Cameron’s negotiations with the EU, or the subsequent ‘in-out’ referendum debate in Britain, would perhaps forgiven for believing that migration is the cause of all Britain’s woes.

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Posted in UK economy | Tagged: , , , , | Leave a Comment »

Paulson Bailout Plan a Historic Swindle

Posted by smeddum on September 21, 2008

Paulson Bailout Plan a Historic Swindle

The Nation


September 19, 2008
Financial-market wise guys, who had been seized with fear, are suddenly drunk with hope. They are rallying explosively because they think they have successfully stampeded Washington into accepting the Wall Street Journal solution to the crisis: dump it all on the taxpayers. That is the meaning of the massive bailout Treasury Secretary Henry Paulson has shopped around Congress. It would relieve the major banks and investment firms of their mountainous rotten assets and make the public swallow their losses–many hundreds of billions, maybe much more. What’s not to like if you are a financial titan threatened with extinction? Read the rest of this entry »

Posted in Financial crisis | Tagged: , , | 3 Comments »

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