This video offered the quote of the day : letting Paulson, the IMF and other neo-con institutions dictate the terms of bailouts and the new financial order is akin to letting the inmates run the insane asylum.
As a reminder, it’s my belief that the financial ‘crisis’ was manufactured by those who see a turning of the page of history. ‘They’ are taking action now to deplete the system of any financial / fiscal strength and are leaving the rest of the world to lick its wounds after the US election in November, one which will surely be historical in and of […]
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 […]
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 […]