Tags: Banks + Federal Reserve + JP Morgan + obama + TARP + Treasury + Wells Fargo
Enthralled deep into the credit crisis of their own making, banks have their hands out for more bailout money and are sticking together to dictate terms of acceptance from our Government. This may be the epitome of arrogance, but cartels have that power. For example, banks have refused loans with caveats not to pay dividends or […]
November 18, 2008 - Economy, Markets, Politics - 0 Comments
Tags: Banks + CDOs + Congress + Derivatives + Fed + Federal Reserve + Greenspan + Swaps
Former Fed Chairman Alan Greenspan has dispicable culpability in the current financial crisis- not primarily because of his loose monetary policy, or narrow-minded bent for free market solutions, but because his blatant failures of oversight and flawed advice to Congress amounted to no less than incorrigible bad judgment, because his lack of balance as Chairman
October 22, 2008 - Economy, Markets, Politics - 0 Comments
Tags: Bailout + Banks + Bernanke + BOA + C + Capitalism + Federal Reserve + IMF + JP Morgan + Paulson + Treasury
The world is witnessing the decapitation of American Capitalism. Understand that this is not the indictment of Capitalism as an economic system, nor the socialistic hurray following the defete of market economies, but the affirmation of free market capitalism left un-altered. America democratized Capitalism and made it unstable. It created a hybrid system of Capitalism based […]
October 18, 2008 - Economy, Markets, Politics - 0 Comments
Tags: Bank of America + CDOs + Chase + CitiGroup + Economy + Federal Reserve + Goldman + investing + Mortgage-backs + Secretary Paulson + Treasury
There seems to be an incorrigible abuse of power underway and hidden from the public by here-to-fore respectable government officials. It is on par with the most brazen corruption of Wall Street. Indeed it dwarfs the crimes of Kenneth Lay at Enron and Bernie Ebbers at World Com. Discovering it is like unearthing ‘deapthroat’ or a mole at home inside the US intelligence community. It is despicable. And the GAO […]
October 9, 2008 - Economy, Politics - 0 Comments
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