Monday, 10 May 2010

Was the Market Pushed?

By Danny Schechter

The Wall Street Journal headline on the day after we almost lost the U.S. stock market reported that the wise men on the Street were "baffled" by the big drop Thursday. The Financial Times called the event "Shambolic" as if only a shaman can decode it.
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Shadow Inventory
A "Lost Decade" Ahead For Housing

By Mike Whitney

"The U.S. government's massive share of the nation's mortgage market grew even larger during the first quarter. Government-related entities backed 96.5% of all home loans during the first quarter, up from 90% in 2009, according to Inside Mortgage Finance.
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With ‘ Hat In Hand ‘ : American Serfdom

By Philip A Farruggio

Conversations in offices, supermarket lines, health clubs, job sites.... Everywhere it seems, are about the ‘ scandal of the day ‘ involving the rich and famous. Never do you hear discussions about the trillion dollar phony bank bailouts, or trillion dollar phony wars we taxpayers fund.
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