Category Archives: bail outs

Have We Not Learned That Bigger Is Not Better When It Comes to Banking?

How can this be a good thing? The very people who legally crashed our economy – and those who did it illegally and still haven’t gone to jail – and have kept their bonuses are now even bigger than before. … Continue reading

Posted in politics, free market, deregulation, capitalism, economy, greed, richest 1%, Wall Street, TARP, bail outs, regulation, middle class, Magnetar, wealth distribution in America, Citizens United, Bernie Sanders, trickle down economics, corporate welfare, The Invisible Hand | Tagged , , , , , , | 1 Comment

Unhappy Anniversary, Citizens United

Today is the 4th anniversary of the Supreme Court’s infamous “Citizens United” decision. Why should you care? Watch the 2 1/2 minute video at… … to get a sense of what money in politics is doing to us and to … Continue reading

Posted in bail outs, Bernie Sanders, capitalism, Citizens United, class warfare, climate change, corporate welfare, deregulation, economy, federal budget, Federal debt, fracking, George Soros, Gilded Age, Glass-Steagall, GOP, illegal immigrants, Occupy Wall Street, politics, richest 1% | Tagged , , , , | 2 Comments

Farewell QE, you have been a magnificent success – Telegraph

See on – DidYouCheckFirst The moral contours of QE depend on your angle of vision. But would you rather be surrounded by mass unemployment? Greg Russak‘s insight: This article is pretty wonky, and I don’t profess or pretend to … Continue reading

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Let’s #NeverForget915 and the Lies of Trickle-Down Economics

On this, the 5th anniversary of the bankruptcy of Lehman Brothers, Americans should take time to pause and remember this as yet another heinous crime of historic proportions perpetrated on Americans on a day in September. It wasn’t terrorists and … Continue reading

Posted in bail outs, Citizens United, Coffee Party, deregulation, economy, Fannie Mae, Freddie Mac, Gilded Age, Glass-Steagall, greed, Greenspan, JPMorgan, libertarianism, middle class, politics, Reagan, richest 1%, stock market crash, TARP, The Invisible Hand, trickle down economics | Tagged , , , , , , | 4 Comments

“Bankers Are Balking at a Proposed Rule on Capital” Gretchen Morgenson – The New York Times

See on – DidYouCheckFirst “Over the next two months, the regulators proposing this rule will no doubt encounter a lobbying buzz saw. Mr. Hoenig (vice chairman of the F.D.I.C.) said he and his colleagues were bracing for that. Bankers, after … Continue reading

Posted in bail outs, Bank of America, BofA, capitalism, CDOs, corporate taxes, corporate welfare, CPB, credit default swaps, deregulation, economy, free market, Gilded Age, greed, JPMorgan, middle class, Occupy Wall Street, politics, poor, regulation, richest 1%, trickle down economics, Wall Street, wealth distribution in America | Tagged , , , , | Leave a comment

Brown-Vitter Recasts Financial-Reform Battlefield

See on – DidYouCheckFirst April 29 (Bloomberg) — A year ago, the big U.S. banks were focused on repealing, or at least eliminating large parts of, the Dodd-Frank financial-reform law. Greg Russak‘s insight: “Bair, Fisher, Hoenig, Rosenblum and the … Continue reading

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Two Senators Try to Slam the Door on Bank Bailouts

See on – DidYouCheckFirst Two senators know they’ll have to fight big banks to achieve passage of a bill to protect taxpayers from future bailouts. Greg Russak‘s insight: “A little over a month ago, the Senate held a nonbinding … Continue reading

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CHARTS: Here’s What The Wall Street Protesters Are So Angry About…

I think this Business Insider article is one of the best collections of facts I’ve ever seen assembled about the economy. Each graph is linked to its source or has the source stated as part of the chart image. Most … Continue reading

Posted in bail outs, Business Insider, economy, Henry Blodget, jobs, Occupy Wall Street, tea party | Leave a comment

Will We in the Middle Class Never Learn?

Joe Nocera’s New York Times op-ed of June 17, 2011, “The Banking Miracle”, makes me wonder why it’s so hard for some people to accept what history has to tell us? America’s economic greatness is measured by its middle class, … Continue reading

Posted in bail outs, Glass-Steagall, Gramm-Leach-Bliley, middle class, Nocera, trickle down economics, Wall Street | Leave a comment

American Pie….That You Shouldn’t Want

Don’t get me wrong. I think the American religion of capitalism has some merit. I’ve done ok by it, I guess. But it also seems to me to be fraught with failure; failure that is rigged into it for most … Continue reading

Posted in Ayn Rand, bail outs, Beck, jobs, Limbaugh, middle class, Palin, regulation, Republicans, universal health care | Leave a comment