Tuesday, 9 September 2008


“Modern Debt Peonage”?

Economic Democracy Is Turning Into a Financial Oligarchy

Mike Whitney: An Interview With Michael Hudson

The best that this weekend’s bailout can do is to postpone the losses on bad mortgage debts. But this is a far cry from actually restoring the ability of debtors to pay. Continue


Why The Fannie-Freddie Bailout Will Fail 

By Martin D. Weiss, Ph.D. 

With yesterday's announcement of the most massive federal bailout of all time, it's now official: Fannie Mae and Freddie Mac, the two largest mortgage lenders on Earth, are bankrupt.Continue