There will be more attempts to saddle all Americans with the bad debts of people who paid themselves $40 billion annually in dividends

Blind Men Bluffed, and Won, We Lost

The Financial Disappearing Act of 2008

I Need Your Money Or We Are All Going to Perish

How To Quit Worrying and Enjoy the Crisis

Headed for the Future?

Market Failure? Try Yet Another Government Failure

Stop the Bailout!

The Great Bank Robbery of 2008


The Free Market Preachers Have Long Practised State Welfare For The Rich

By George Monbiot

Any subsidies eventually given to the monster banks of Wall Street will be as American as apple pie and obesity. The sums demanded may be unprecedented, but there is nothing new about the principle: corporate welfare is a consistent feature of advanced capitalism. Only one thing has changed: Congress has been forced to confront its contradictions.

An Emergency Bailout Plan That Americans Will Love

By Jonathan Tasini

24.5 percent of all Americans earn poverty wages ($9.60 or less) - 10 percent of all Americans-15 million Americans-earn $6.79 or less - 33.3 percent of African American works and 39.3 of Hispanic workers earn poverty wages.

Will Wall Street's Meltdown Turn America Into a Police State?

By Scott Thill

Here is what we see today: Crowds protesting in the streets, the people's money wiped out thanks to the Bush administration's latest economic shock and awe. An army brigade matter-of-factly betraying Posse Comitatus for the purpose of crowd control. The public trust and wealth almost robbed cleanly with congressional approval.

Congratulations, Corporate Crime Fighters!

Coup Averted for Three Days!

By Michael Moore

Everyone said the bill would pass. The masters of the universe were already making celebratory dinner reservations at Manhattan's finest restaurants. Personal shoppers in Dallas and Atlanta were dispatched to do the early Christmas gifting. Mad Men of Chicago and Miami were popping corks and toasting each other long before the morning latte run.

Americans Have Little To Be Proud Of

By Joel S. Hirschhorn

Americans cannot vote their way out of this mess. Their only real opportunity this year is to vote AGAINST the two-party plutocracy by voting for any of the four third-party presidential candidates. We need the world to see tens of millions of votes protesting the failures of both major parties. This electoral rebellion would keep faith with Thomas Jefferson's correct view that America would need a revolution every generation or so.

Shearing The Sheeple

Fundamentals Of The Economy Are Solid...Remember?

By Rand Clifford

Regarding how fundamentally sound our economy was just weeks ago: our leaders are implying that they were either too stupid to know what has been building up for years, or they are liars. Certainly, any pleas of stupidity remain solidly backed up by actions. But even more fundamentally, these people are liars, always have been, always will be.

Fed Pumps Further $630 Billion Into Financial System

The Federal Reserve will pump an additional $630 billion into the global financial system, flooding banks with cash to alleviate the worst banking crisis since the Great Depression.

You won't believe where that $700-billion bailout figure came from

Here's something that John McCain and Barack Obama and Sarah Palin and even longtime Washingtonian Joe Biden probably don't know. Not to mention Bob Barr, Ralph Nader and Ron Paul, who usually knows everything.

Let Risk-Taking Financial Institutions Fail

The bailout will involve a transfer of wealth - from the American people to financial institutions engaging in reckless speculation - that will be the greatest in history.,8599,1845209,00.html

U.S. Moves Bails Out Auto Makers

The U.S. Congress moved Saturday to provide $25 billion in low-interest loans to the auto industry as part of an initiative to accelerate the development of fuel-efficient vehicles.

From Information Clearing House


Credit Strains Worsen, Though Stocks Surge

Michael M. Grynbaum, The New York Times: "Stocks staged a broad recovery on Tuesday after yesterday's massive sell-off. The Dow Jones industrials gained nearly 400 points, halving the 777-point decline on Monday. But the health of the economy and the global financial system was by no means assured. Strains worsened overnight in the credit markets, the plumbing of the economy that many businesses rely on to finance routine expenses like utilities and payroll. Banks sharply increased their lending rates on short-term loans, sending Libor, a globally watched benchmark rate, to its highest level ever."

Bailout Vote Underscores US Leadership Crisis

Steven Thomma, McClatchy Newspapers: "The failure of a proposed Wall Street bailout Monday underscored that America is suffering not just from a financial crisis, but also from a crisis of political leadership.... None of the country's political leaders, Republican or Democrat, has proved able to navigate the treacherous politics of the moment and secure an agreement to bail out the country's financial system and restore confidence in the marketplace."


The Bailout defeat: A political credibility crisis

by Michael Scherer


There was a lack of trust, a loss of confidence, a popular revolt. Nearly every major political leader in America supported the $700 billion financial bailout bill. The President of the United States. The Vice President. The Treasury Secretary. The Chairman of the Federal Reserve. The Chairman of the Securities and Exchange Commission. The Democratic and Republican nominees for president. The Democratic and Republican leadership of the House and the Senate. All of them said the same thing. Vote yes. But a majority of those politicians anointed by the U.S. Constitution to reflect the will of the people voted no. This is a remarkable event, the culmination of a historic sense of betrayal that Americans have long felt for their representatives in Washington D.C...,8599,1845655,00.html

Ten reasons to oppose the Wall Street bailout

by staff


1. NO REFORM: The plan attempts to mask, rather than reform, imbalances in credit markets and in U.S. economic public policy. The plan props up reckless and failed banks by buying ‘troubled assets’ instead of focusing on real reforms that go after government sponsored culprits Fannie Mae and Freddie Mac, and sustainable policies that will increase the availability of private capital and expanded economic growth...

Informant: Thomas L. Knapp


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