Paulson's former firm to be among largest beneficiaries of bailout

It certainly pays to be Treasury Secretary if your former firm is a brokerage house, a new study says.

//rawstory.com/news/2008/Paulsons_former_firm_to_be_among_0923.html



Conflict Of Interest? Report Says Goldman Sachs 'Among Biggest Beneficiaries' Of Paulson's Bailout

Paulson has surrounded himself with former Goldman executives as he tries to navigate the domino-like collapse of several parts of the global financial market.

//thinkprogress.org/2008/09/22/paulson-goldman-bailout/



Millions spend half of income on housing

Al Ray is so strapped for cash, the only time he eats out is on Wednesday or Sunday, when the local McDonald's sells hamburgers for 49 cents.

//tinyurl.com/3lzvez



Goldman Sachs Socialism

By William Greider

Wall Street put a gun to the head of the politicians and said, give us the money--right now--or take the blame for whatever follows. The audacity of Treasury Secretary Henry Paulson's bailout proposal is reflected in what it refuses to say: no explanations of how the bailout will work, no demands on the bankers in exchange for the public's money. The Treasury's opaque, three-page summary of plan includes this chilling statement...

//www.informationclearinghouse.info/article20853.htm



Has Deregulation Sired Fascism?

By Paul Craig Roberts

The US cannot be a hegemonic power without foreign financing. All indications are that the rest of the world is tiring of US arrogance.

//www.informationclearinghouse.info/article20854.htm



Half a Trillion Bailout For The Creators of the Market Crisis

By Bob Chapman

The House Finance Committee, headed by Rep. Barney Frank, and the Senate Finance Committee, headed by Sen. Christopher Dodd, will give it their usual Boo-Boo, response: "I don't know, Yogi," in order to give the clueless sheople the appearance that they are going to protect taxpayers from the slimy bankers, when the reality is, it is already a done deal and has been planned long in advance, probably for many months, if not years, just like the Patriot Acts.

//www.informationclearinghouse.info/article20849.htm



Forbes publishes list of 400 wealthiest Americans

By Tom Eley

The recently released Forbes 400 list of the richest Americans shows that the combined wealth of the aristocracy has increased 2 percent, even amidst the financial breakdown and recession of the economy. "In this, the 27th edition of the list," Forbes glumly notes, "the assembled net worth of America's wealthiest rose by $30 billion-only 2%-to $1.57 trillion."

//www.informationclearinghouse.info/article20852.htm



McDeregulation

By Keith Olbermann - Video

There is a man running for president who actually believes -- right now -- that deregulation has been a great thing for the U-S economy... He has surrounded himself with lobbyists who made millions pushing for the regulatory changes that facilitated the current crisis... And he thinks that deregulation of the banking industry has been so great... we should do the exact same thing with -- make that "to" -- health care.

//www.informationclearinghouse.info/article20850.htm


From Information Clearing House

--------

Bush Withholds Salmon Disaster Money as He Pushes for Corporate Bailouts

Dan Bacher, Truthout: "While George W. Bush wants taxpayers to give Treasury Secretary Henry Paulson a $700 billion blank check to bail out Wall Street for its reckless speculation and greed, the administration announced last week that it would release only $100 million of the $170 million appropriated to salmon fishermen and businesses impacted by this year's salmon fishing closure off the California and Oregon coasts and in Central Valley rivers."

//www.truthout.org/092508EA



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