In These New Times

A new paradigm for a post-imperial world

Posts Tagged ‘credit quake’

Video: Jail not Bailout for billionaire bankers

Posted by smeddum on September 28, 2008

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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 »

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