Rise, Taxpayer! Enough is Enough!
Posted in Bailout, Banks, Detroit, Finance, Fraud, Government, Politics on Jan 23rd, 2009
Category Archive for 'Finance'
Obama Administration Ready To Save Banks, Screw You
Posted in Bailout, Banks, Economy, Finance, Government on Jan 21st, 2009
The Obama administration is reportedly considering several fixes for the banking system. Unfortunately, none of these include the most important step: writing down the value of bank assets to nuclear winter levels. And most of them include the wasting of hundreds of bilions of taxpayer dollars to bail out bank stakeholders.
In other words, these [...]
The $100 Trillion Banknote - USA Next?
Posted in Economy, Finance, Government, Ridiculous But True on Jan 16th, 2009
Zimbabwe unveiled a 100 trillion dollar note Friday in the latest grim measure of its staggering economic collapse, heightening the urgency of a new round of unity talks set for next week.
Veteran leader Robert Mugabe and opposition chief Morgan Tsvangirai are set to hold talks Monday with key regional leaders in a bid to salvage [...]
How to Steal Billions in Plain View
Posted in Bailout, Banks, Economy, Finance, Government on Jan 16th, 2009
The Federal Reserve is living up to its purpose, which is to enrich bankers at the expense of everyone else. Ben Bernanke, who chairs the Federal Reserve Board, is to be congratulated for his open call for the banks under his tutelage to receive billions more of our tribute.
Let us understand the matter clearly. We [...]