Posts Tagged ‘Paulson’
Max Keiser on G20 summit
Posted by smeddum on November 24, 2008
Posted in Uncategorized | Tagged: Max Keiser, Paulson | Leave a Comment »
The Very Real Danger of Wall Street Blackmailing Us Back Into a Bad Bill
Posted by smeddum on September 30, 2008
The Danger of Wall Street Blackmailing Us Back Into a Bad Bill
By Ian Welsh Khabrein
The Western media are upping up the volume and markets are rallying (and disregarding market fundamentals) to blackmail congress into voting for the bailout. A battle has been won but the war is not over. There is a danger that we have been lulled into a false sense of security. Protests should continue
What was causing the panicked “must pass bill now” gasps from Senators and the Treasury was not the various bank failures. They have been pretty orderly and no one who failed wasn’t expected to fail. Instead the problem was that banks aren’t lending to each other. This isn’t because they fear that other banks won’t repay if they fail, in every case when a bank has failed, the Fed has made sure that banks with outstanding interbank loans got their money back. So this isn’t a question of systemic risk causing fear. Read the rest of this entry »
Posted in Uncategorized | Tagged: bailout, bailout blackmail, bailout protest, economy, no bailout, No cash for trash, Paulson, politics, Wall Street Bailout Blackmail | 1 Comment »
Sounds like Inside Trading to me: Rep Kaptur
Posted by smeddum on September 29, 2008
Posted in Uncategorized | Tagged: bailout, bailout protest, democracy for America, Financial crisis, insider trading, kaptur, Paulson, Paulson plan | 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 »
Wall Street Should Be Looking for Bail, Not a Bailout
Posted by smeddum on September 26, 2008
“Wall Street Should Be Looking for Bail, Not a Bailout”
LIUNA Opposes Any No-Strings Raid on Taxpayers; Calls for Congress to Seize the Opportunity to Build America So America Works Again Wall Street Journal Marketwatch
Last update: 3:42 p.m. EDT Sept. 25, 2008
WASHINGTON, Sep 25, 2008 (BUSINESS WIRE) — As the Bush Administration and Congress craft a $700 billion Wall Street bailout, LIUNA — the Laborers’ International Union of North America — is rejecting any no-strings raid on taxpayers and calling on Congress to seize the opportunity to build America. Read the rest of this entry »
Posted in Financial crisis, Uncategorized | Tagged: bailout protest, LIUNA, no bailout, Paulson | Leave a Comment »
Bailout Outrage Races Across the Web
Posted by smeddum on September 26, 2008
Bailout Outrage Races Across the Web
The Internet is flooded with angst about Treasury Secretary Paulson’s proposed $700 billion bailout—and inspiring old-fashioned street protests
by Moira Herbst Business week
Arun Gupta was enraged as he learned the details of Treasury Secretary Henry Paulson’s plan to fix the U.S. banking system with $700 billion in taxpayer funds. The 43-year-old copy editor and freelance journalist, who publishes his own alternative newspaper, The Indypendent, needed to channel his angst but couldn’t find a live protest to attend. So on Sept. 22, he sent an e-mail to some politically active friends in New York. Within days, they’d planned a protest against the bailout in New York and at 80 other locations in the U.S. on Sept. 25. Read the rest of this entry »
Posted in Financial crisis | Tagged: bailout protest, financial collapse, no bailout, Paulson | Leave a Comment »
Hundreds of Economists Urge Congress Not to Rush on Rescue Plan
Posted by smeddum on September 25, 2008
Hundreds of Economists Urge Congress Not to Rush on Rescue Plan
By Matthew Benjamin
Sept. 25 (Bloomberg) — More than 150 prominent U.S. economists, including three Nobel Prize winners, urged Congress to hold off on passing a $700 billion financial market rescue plan until it can be studied more closely. Read the rest of this entry »
Posted in Financial crisis | Tagged: bailout protest, no bailout, Paulson | Leave a Comment »
Labor unions protest in New York against bailout
Posted by smeddum on September 25, 2008
Labor unions protest in New York against bailout
Thu Sep 25, 2008 4:32pm EDT
By Christian Wiessner
NEW YORK (Reuters) – Hard hats, transit workers, machinists, teachers and other labor unionists railed against the U.S. government’s proposed bailout of Wall Street on Thursday in a protest steps from the New York Stock Exchange. Read the rest of this entry »
Posted in Financial crisis | Tagged: bailout protest, New York, no bailout, Paulson | Leave a Comment »
Citizens Dumping Personal Junk on Wall Street to Protest Bailout
Posted by smeddum on September 25, 2008
Citizens Dumping Personal Junk on Wall Street to Protest Bailout
By Sarah Lai Stirland, Wired.com
Posted on September 25, 2008, Printed on September 25, 2008
http://www.alternet.org/story/100230/
An e-mail that began as a rallying cry from a lone journalist to an influential circle of friends to protest the U.S. government bailout of Wall Street has ignited a national day of street protests. Some demonstrators plan to dump their rubbish in front of the bronze bull sculpture near Wall Street in downtown Manhattan Thursday. Read the rest of this entry »
Posted in Financial crisis | Tagged: bail out, bailout protest, no bailout, Paulson | Leave a Comment »
The great bailout: U of M expert on mortgage crisis says Paulson plan is ‘reverse criminal action’
Posted by smeddum on September 24, 2008
The great bailout: U of M expert on mortgage crisis says Paulson plan is ‘reverse criminal action’
By MOLLY PRIESMEYER 9/23/08 12:27 PM Minesota independent
For some consumer-rights advocates, the great Wall Street bailout is starting to look like a heist for the ages. Prentiss Cox, a professor of law at the U of M and former assistant attorney general, calls Treasury Secretary Henry Paulson’s bill “outrageous.” Wall Street was the cause of the problem, he says. “And now they want a bailout completely on their terms? It serves the very wealthy and completely ignores the homeowners victimized by this. It is appalling.” Read the rest of this entry »
Posted in Financial crisis | Tagged: failing banks, financial fraud, mortgage crisis, Paulson | 3 Comments »
Democrats signal support for Wall Street bailout at Senate hearing
Posted by seumasach on September 24, 2008
By Barry Grey
WSWS
24 September 2008
At a hearing Tuesday, Democratic members of the Senate Banking Committee assured Treasury Secretary Henry Paulson and Federal Reserve Board Chairman Ben Bernanke that they would move quickly to pass legislation authorizing the Bush administration to launch a trillion-dollar-plus bailout of Wall Street.
While a number of senators from both parties sought political cover in the face of growing popular opposition to the taxpayer-funded bailout by making populist-sounding declarations, the basic tone was set by Charles Schumer, the Democratic senator from New York who heads the Joint Economic Committee of Congress.
Posted in Uncategorized | Tagged: financial crash, Paulson, the bailout | Leave a Comment »
In These New Times 