1/3 of Banks Will Disappear Next Year

CBS Video Report

Many banks don't have enough money to survive in 2009, but mergers will keep their brands alive, said Ralph Silva of TowerGroup.

http://www.cnbc.com/id/15840232?video=975644719



Greed Has Pushed Political Credibility and Financial Trust into Freefall

By Gary Younge

Greenspan's ideology was unfettered, free-market capitalism. Its understanding of how the world works was rooted in self-interest. It was a value system that placed the private before the public, the individual before the collective, and the wealth of the few before the welfare of the many.

http://www.informationclearinghouse.info/article21523.htm



Hey Reagan Democrats

Now Do You Get It?

By David Michael Green

The very people who had failed to regulate the folks causing the Even Greater Depression of the early twenty-first century now took $700 billion worth of taxpayer money and handed it to those same financial 'industry' crooks, without any requirements at all on what they could do with the money. But when the blue collar auto industry wanted just $15 billion to keep millions of middle class jobs afloat, the Republicans wouldn't give it to them.

http://www.informationclearinghouse.info/article21528.htm



Higher Wages or Bubblenomics

What's it gonna be?

By Mike Whitney

A strong economy must be built on a solid foundation of steadily rising wages. If wages don't keep pace with production, the only way the economy can grow is through the expansion of debt, which leads to disaster.

http://www.informationclearinghouse.info/article21520.htm



A New Wind Blowing

By Mary Pitt

The whole country is agog with the news of the Madoff Ponzi scheme and the billions he scammed from big investors, but nobody appears to realize that it is only the tip of a huge iceberg.

http://www.informationclearinghouse.info/article21527.htm


From Information Clearing House



http://freepage.twoday.net/search?q=Greenspan
http://freepage.twoday.net/search?q=capitalism
http://freepage.twoday.net/search?q=Great+Depression
http://freepage.twoday.net/search?q=$700
http://freepage.twoday.net/search?q=taxpayer
http://freepage.twoday.net/search?q=middle+class
http://freepage.twoday.net/search?q=automaker
http://freepage.twoday.net/search?q=Madoff
http://freepage.twoday.net/search?q=ponzi
http://freepage.twoday.net/search?q=Gary+Younge
http://freepage.twoday.net/search?q=David+Michael+Green
http://freepage.twoday.net/search?q=Mike+Whitney
http://freepage.twoday.net/search?q=Mary+Pitt

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