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Goldman Sachs Still Bonusing
From webmaster: Paul Krugman New York Times: The American economy remains in dire straits, with one worker in six unemployed or underemployed. Yet Goldman Sachs just reported record quarterly profits — and it’s preparing to hand out huge bonuses, comparable to what it was paying before the crisis. What does this contrast tell us?
money crisis bailout fraud wall_street
Max Keiser says US Dollar backed by bananas
From webmaster: Press TV interviewed Paris-based financial analyst Max Keiser on the US financial meltdown on September 20. What follows are his free-wheeling comments on the US government bailout of Wall Street and the potential consequences for America.
money crisis bailout fraud wall_street Dollar meltdown hyperinflation crisis buyout US money markets
Bloomberg: Russian Market in a Rout
From webmaster: Russia poured $44 billion into its three largest banks and halted stock trading for a second day in a bid to stem the worst financial crisis since the devaluation and default a decade ago.
money crisis bailout fraud wall_street Dollar meltdown hyperinflation crisis buyout US money markets Russia debt crisis markets loss crash dollar money economy
Socialized capitalism or private markets gone crazy?
From webmaster: From what I glean in my own research, The New York Times has it exactly wrong. Many leading economists, both Democrat and Republican, think that the cause of the mortgage meltdown was explicitly due to involvement of the government with Fannie and Freddie.
money crisis bailout fraud wall_street Dollar meltdown hyperinflation crisis buyout US money markets Russia debt crisis markets loss crash dollar money economy crisis fannie freddie housing mortgage