Category: corruption

corruption economics shock The Corporation US economy
October 26, 2008

For Whom the Bailout Tolls

This story offers a nice commentary on some of the excesses associated with the bailouts. AIG, in particular, stands out.  Words like greed and gluttony come to mind.  Excessive greed.  Excessive gluttony.  Why these clowns were bailed out at all is beyond me. There are "claw back" provisions in the big $700 billion bailout passed by Congress three weeks ago, requiring that financial institutions get […]

corruption disaster capitalism economics shock The Corporation US economy
October 22, 2008

Banks to Sit on Cash

In the US, bankers are admitting that they will likely sit on most of the cash that they’ve received from their government, mainly because ‘no one is going to lend a nickel until the economy turns’. So, as the media hyped up the ‘crisis’ and my dad nearly had a stroke because of the stress levels it induced, banks are going to sit on the […]

corruption disaster capitalism economics Politics shock terror The Corporation US economy
October 19, 2008

Financial Crisis Followup: Blackwater to Help with Evictions

Now that most real estate lies in the hands of the American government, it won’t be long before Blackwater comes knocking on the door of those who are trying to make one last go at holding on to their homes. Eviction notices will be deliverd by one of the world’s largest and fierce mercenary armies, thanks to a lot of funding during the Iraq war, […]

corruption economics Politics The Corporation US economy
October 19, 2008

Questions Related to Financial 9/11

This article poses a number of questions related to what’s being called the Financial 9/11. At the root of the questions lies a great mistrust of the speed at which things ‘had to be done’.  Were financial markets unravelling because the people behind them were inept or because the regulations had been stripped so raw by free-market fundamentalists or because there was some other deep-seated […]