Large U.S. Banks on Brink of Insolvency, Experts Say The Oligarchy's Bailout Ball Looting Social Security It's Going to Take a Civic Jolt
By Steve Lohr
February 13, 2009 "IHT" -- Some of the large banks in the United States, according to economists and other finance experts, are like dead men walking. A sober assessment of the growing mountain of losses from bad bets, measured in today's marketplace, would overwhelm the value of the banks' assets, they say. The banks, in their view, are insolvent. Continue
By Matthew Richardson and Nouriel Roubini
The U.S. banking system is close to being insolvent, and unless we want to become like Japan in the 1990s -- or the United States in the 1930s -- the only way to save it is to nationalize it.Continue
You know what they say -- half a million dollars just doesn't go as far as it used to
By Michael Winship
"These guys won't be happy until the government agrees to relieve them of every last one of their lousy loans and investments at inflated prices, recapitalize every major bank and brokerage and insurance company on sweetheart terms and restore them to the glory days, so they can once again earn inflated profits and obscene pay packages by screwing over their customers and their shareholders." Continue
By William Greider
To understand the mechanics of this attempted swindle, you have to roll back twenty-five years, to the time the game of bait and switch began, under Ronald Reagan. Continue
By Ralph Nader
Some staffers in Congress privately assert that the Democrats are not acting like a majority party. It is worse than that. They are not acting-period. Continue
Monday, 16 February 2009
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