Grasping at Straws Paulson Bailout Plan a Historic Swindle What's Really Bankrupt Financial Bailout: The Dog Days Of September Popular Scams of the Rich ansd Famous In Hard Times, Tent Cities Rise Across the Country
By Mike Whitney
If Paulson is not removed and his rescue plan scrapped altogether; the dollar will lose its position as the world's reserve currency and the US government will face a historic funding crisis as foreign sources of capital dry up. That will thrust the country into a hyper-inflationary depression. Continue
By William Greider
Financial-market wise guys, who had been seized with fear, are suddenly drunk with hope. They are rallying explosively because they think they have successfully stampeded Washington into accepting the Wall Street Journal solution to the crisis: dump it all on the taxpayers. Continue
The Wall Street Model: Unintelligent Design
By PAM MARTENS
There is no sincere plan by this administration to help America or Americans. There is only a plan to slow the financial collapse until after the November elections by throwing a politically palatable amount of money at it and a plan to continue to blame it on a housing bust. Continue
America's Own Kleptocracy
The largest transformation of America's Financial System since the Great Depression
By Michael Hudson
Nobody expected industrial capitalism to end up like this. Continue
By Gary Corseri
We can no longer claim to live in “the land of the free and the home of the brave.” There is nothing free here except the “free-market” our corporate bosses have foisteed on us and the rest of the world to open up foreign markets to our brand-name companies so that foreign workers can make products that “Americans” will buy at exorbitant prices. How did that happen? Hypnosis through the mass media that “Americans” were supposed to own—hypnosis through repetition, spectacle, diversion. Continue
By: Richard Backus
The federal government has been playing footsie with fascism for quite a long time, supported only by the inability of the general public to recognize it. Ecclesiastic appointments, corporate management, charity, "brain trust" ,foundations, university appointments, and even scholarship awards are controlled by political elites, with the consequent assurances that these appointees will play ball with the politicians and their “sponsors”. The Pols now essentially control everything under the direction of the rich and famous. Continue
By AP
Since foreclosure mess, homeless advocates report rise in encampments. Continue
Sunday, 21 September 2008
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