Category: financial crisis

corruption disaster capitalism economics excited delirium financial crisis The Corporation US economy
November 14, 2008

Sinking Bear Stearns: An Exercise in Manipulation

For those interested in the history and roots of today’s financial crisis, this article offers some insights you may appreciate. I found the conclusion, following some discussion of the real reason why Eliot Spitzer was hung out to dry, particularly important: Like the Panic of 1907 that justified a “bankers’ bank” to prevent future runs, the collapse of Bear Stearns has been used to justify […]

disaster capitalism economics financial crisis shock US economy
November 14, 2008

US to Lose AAA Rating?

Please note that any opinions related to this or other articles on this blog do not constitute financial advice. Any action that you take should be done so only with the advice and support of a financial planner or registered advisor. The US is about to lose its AAA financial rating . The thought ‘no shit’ is the first to come to mind.  These people […]

corruption disaster capitalism economics financial crisis The Corporation US economy
November 13, 2008

Now it’s AMEX?

According to this story , AMEX is running to the US government, cap in hand, pleading that they don’t have any money any more.  Or that they need $3.5 billion to keep them warm and toasty at night. OH COME ON!! Next, it’ll be Halliburton running to their buddies in Washington, claiming that the plans to withdraw from Iraq has cost them business so they […]

BASH bloggers against stephen harper corruption disaster capitalism economics financial crisis Fraud Steve The Corporation US economy
November 13, 2008

Cry-baby Capitalism

Cry-baby capitalism is making me sick to my stomach. Why is that when things are on the way up, we’re all told to buckle up and suck it up and keep up with all of the others that are racing ahead of us as we stumble in our careers or other activities, while on the way down, the world’s (once) largest companies are the first […]

disaster capitalism financial crisis Politics The Corporation US economy
November 9, 2008

Financial Chaos and the Crisis of Neoliberalism

In my search for alternatives, I came across this series of lectures provided by the Socialist Project, found here . There are three lectures: (1) Marxian Views of Financial Capital and Credit, (2) Capitalism, Neoliberalism and the Current Crises of Wall Street and Bay Street, and (3) Bank Bailouts or Socialist Alternatives? Unfortunately, they’re a little long and there were no talking points or other […]