The Second Great Depression Bogeyman

Dean Baker, Truthout: "Our political leaders continually assert that we should be thanking them that we are not in a second Great Depression rather than complaining about how bad things are. The second Great Depression theme came up repeatedly in the debate over the reappointment of Federal Reserve Board Chairman Ben Bernanke. It also featured prominently in Treasury Secretary Timothy Geithner's defense of his handling of the AIG bailout."

http://www.truthout.org/the-second-great-depression-bogeyman56559



False Profits

Leslie Thatcher, Truthout: "The delicious double-entendre of Dean Baker's most recent title is enhanced by the book's cover photo of a trio of false prophets, Ben Bernanke, Alan Greenspan and Henry (Hank) Paulson, all of whom are thoroughly excoriated within the book's pages for their responsibility in feeding, prolonging, misdiagnosing and incorrectly responding to the 2007-2009 financial meltdown and associated economic collapse."

http://www.truthout.org/false-profits56731

--------

Exposed: Bernanke's "Skimming Operation"

By Mike Whitney

The banks didn't care if the loans were repaid because they got their money "up front" on volume originations. That's why they were so eager to issue mortgages to people with no income, no collateral, no job, and a bad credit history. It was all a gigantic skimming operation, where banks and brokers got their cut and then bailed out before the whole thing blew up.

http://www.informationclearinghouse.info/article24575.htm



Greenspan's Testimony: Two hours of buck-passing

By Mike Whitney
http://www.informationclearinghouse.info/article25181.htm

--------

Paulson and the fear factor

Independent Institute
by Alvaro Vargas Llosa

02/17/10

We think of statism as born out of altruism or megalomania. But here a third cause transpired: naked, primeval fear. The notion that people could be left to sort themselves out in the biggest financial crisis since the 1930s was terrifying even for Paulson, a true believer in free markets who keeps repeating in his book that he disliked what he was doing. The fear was so overpowering that Paulson, his colleagues and Wall Street decided to put unconditional faith in the very institution, the federal government, that the author tells us was responsible for the conditions under which the housing bubble occurred: easy money, political incentives for homeownership and regulatory incompetence...

http://www.independent.org/newsroom/article.asp?id=2730


Informant: Thomas L. Knapp

--------

Statism: The Opiate of the Frightened Masses
http://www.lewrockwell.com/englund/englund57.1.html

Greenspan Wanted Housing-Bubble Dissent Kept Secret
http://www.lewrockwell.com/spl2/greenspan-kept-secrets.html



http://freepage.twoday.net/search?q=financial+crisis
http://freepage.twoday.net/search?q=economic+collapse
http://freepage.twoday.net/search?q=Great+Depression
http://freepage.twoday.net/search?q=financial+meltdown
http://freepage.twoday.net/search?q=statism
http://freepage.twoday.net/search?q=bubble
http://freepage.twoday.net/search?q=bailout
http://freepage.twoday.net/search?q=housing
http://freepage.twoday.net/search?q=Federal+Reserve
http://freepage.twoday.net/search?q=Bernanke
http://freepage.twoday.net/search?q=Geithner
http://freepage.twoday.net/search?q=Greenspan
http://freepage.twoday.net/search?q=Paulson
http://freepage.twoday.net/search?q=Wall+Street
http://freepage.twoday.net/search?q=AIG+insurance
http://freepage.twoday.net/search?q=mortgage
http://freepage.twoday.net/search?q=Dean+Baker
http://freepage.twoday.net/search?q=Mike+Whitney
http://freepage.twoday.net/search?q=Leslie+Thatcher
http://freepage.twoday.net/search?q=Alvaro+Vargas+Llosa
http://freepage.twoday.net/search?q=Mike+Whitney
http://freepage.twoday.net/search?q=/englund
http://freepage.twoday.net/search?q=Ryan+Grim

World-News

Independent Media Source

User Status

Du bist nicht angemeldet.

Suche

 

Aktuelle Beiträge

Trump and His Allies...
https://www.commondreams.o rg/views/2022/06/21/trump- and-his-allies-are-clear-a nd-present-danger-american -democracy?utm_source=dail y_newsletter&utm_medium=Em ail&utm_campaign=daily_new sletter_op
rudkla - 22. Jun, 05:09
The Republican Party...
https://truthout.org/artic les/the-republican-party-i s-still-doing-donald-trump s-bidding/?eType=EmailBlas tContent&eId=804d4873-50dd -4c1b-82a5-f465ac3742ce
rudkla - 26. Apr, 05:36
January 6 Committee Says...
https://truthout.org/artic les/jan-6-committee-says-t rump-engaged-in-criminal-c onspiracy-to-undo-election /?eType=EmailBlastContent& eId=552e5725-9297-4a7c-a21 4-53c8c51615a3
rudkla - 4. Mär, 05:38
Georgia Republicans Are...
https://www.commondreams.o rg/views/2022/02/14/georgi a-republicans-are-delibera tely-attacking-voting-righ ts
rudkla - 15. Feb, 05:03
Now Every Day Is January...
https://www.commondreams.o rg/views/2022/02/07/now-ev ery-day-january-6-trump-ta rgets-vote-counters
rudkla - 8. Feb, 05:41

Archiv

Februar 2010
Mo
Di
Mi
Do
Fr
Sa
So
 

Status

Online seit 7080 Tagen
Zuletzt aktualisiert: 22. Jun, 05:09

Credits


Afghanistan
Animal Protection - Tierschutz
AUFBRUCH für Bürgerrechte, Freiheit und Gesundheit
Big Brother - NWO
Brasilien-Brasil
Britain
Canada
Care2 Connect
Chemtrails
Civil Rights - Buergerrechte - Politik
Cuts in Social Welfare - Sozialabbau
Cybermobbing
Datenschutzerklärung
Death Penalty - Todesstrafe
Depleted Uranium Poisoning (D.U.)
Disclaimer - Haftungsausschluss
... weitere
Profil
Abmelden
Weblog abonnieren