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Tag Archives: Banks

Forget AIG Bonuses–The Next Bailout is Here

March 22, 2009 – 6:40 pm

The Obama Administration is putting the finishing touches on another big bank bailout. Under the plan, the government will give our money to hedge fund managers to buy “toxic” assets for more than they are worth. The banks that created these toxic turkeys will use the money from the sales to recapitalize themselves. Everyone comes [...]

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By admin | Posted in Main Content | Also tagged Aig, Assets, Bank Bailout, Finishing Touches, Fund Managers, Hedge Fund, Money, Money Managers, Taxpayers, Turkeys | Comments (0)

Kiss the Banks Goodbye and Refocus on Rebuilding the American People

March 5, 2009 – 1:45 pm

So, with the economy still in free fall, with companies laying off American workers at a rate of over 20,000 per day, with real unemployment soaring past 18 percent—one in six American workers are now either out of work and looking for a job, out of work and giving up looking, or involuntarily working part-time—and [...]

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By admin | Posted in Finance | Also tagged American Economy, American People, American Workers, Consumer Spending, Family Wealth, Kiss, Looking For A Job, Lt, Part Time, Target, Unemployment | Comments (0)

Orwellian Doublethink "Nationalize the banks." "Free Markets."

February 24, 2009 – 8:04 pm

How is it that Mr. Greenspan, free-market lobbyist for Wall Street, recently announced that he favored nationalization of America’s banks – and indeed, mainly the biggest and most powerful? Has he “gone left”? Or are we dealing with the most recent exercise in Orwellian doublethink? The answer is that the rhetoric of “free markets,” “nationalization” [...]

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By admin | Posted in Main Content | Also tagged Doublethink, Economy, Exercise, Financial Sector, Free Markets, Government Power, Lobbyist, Losses, Mr Greenspan, Nationalization, Orwellian, Privileges, Public Relations, Rhetoric, Socialism, Tanks, Wall Street | Comments (0)

How to Steal Billions in Plain View: Bernanke’s Robber Banks

January 15, 2009 – 3:43 pm

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……Story Share and Enjoy:

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By admin | Posted in Main Content | Also tagged Ben Bernanke, Billions, Chairs, Federal Reserve, Federal Reserve Board, Robber, Tribute, Tutelage | Comments (0)

US Taxpayers Violated – The Looting Operation Continues

November 16, 2008 – 4:38 pm

I am trying to maintain a very level-headed approach to the changes that we are seeing. However, from time to time the looting operation becomes just a bit too obvious, a bit too overt, and I find my level of cool slipping. This is one of those times. Here are the dots that I am [...]

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By admin | Posted in Finance, Main Content | Also tagged Act, Aim, American Taxpayers, Bailout, Bloomberg, Ceo, Dots, Emergency Loans, Federal Reserve, Goldman Sachs, Legislation, Money, People, Promise, Senate, Transparency, Treasury Secretary, Trillion, Troubled Assets | Comments (0)
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