Britannia Radio

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One Small Problem With Geithner's Plan:

It Will Bankrupt The Banks

By Henry Blodget

When a bank says an asset is worth 60 cents and the market says it's worth 30 cents, someone has to cover that spread. The genius of Geithner's plan is that it pawns most of the cost (and most of the risk) off on the taxpayer without the taxpayer noticing. Continue

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Is the Bailout Plan Breeding a Greater Crisis? 

By Paul Craig Roberts 

The US finances its trade deficit by turning over to foreigners ownership of existing US assets and their future income streams, which, of course, increases the flow of income away from Americans. Continue

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"We're All In This Together"

No we are not, that's the point.

By Cindy Sheehan

President Obama basically said that we can't demonize every investor who earns a profit, because "we are all in this together." Sorry, but I am going to have to call a big fat "bull-shit" on this one. Continue

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Is the U.S.A. the World's Greatest Nation Now?

By Bob Kendall

According to the Los Angeles Homelessness Services Coalition, 3.5 million people in a given year will experience homelessness with 1.5 million of them children. The current national jobless figure stands at over 8 percent and is rising while there are 37 million Americans on food stamps.Continue

E.U. President Calls U.S. Stimulus the ‘Way to Hell’: Transatlantic tension over the handling of the global economic crisis intensified Wednesday when the prime minister of the Czech Republic, which holds the European Union presidency, described the President Obama’s stimulus measures as the “way to hell.”

Should USA still be AAA?: Despite soaring budget deficits, investors are still buying U.S. Treasurys. Still, some critics say the government debt isn't nearly as safe as widely assumed

.E.U. President Calls U.S. Stimulus the ‘Way to Hell’: Transatlantic tension over the handling of the global economic crisis intensified Wednesday when the prime minister of the Czech Republic, which holds the European Union presidency, described the President Obama’s stimulus measures as the “way to hell.”