Analysis Topic: Politics & Social Trends
The analysis published under this topic are as follows.
Wednesday, March 25, 2009
Geithner Asks Americans to Bend Over to Uncle Sam / Politics / Credit Crisis Bailouts
By: Mike_Whitney
Timothy Geithner refuses to take underwater banks into receivership and resolve them, but has no problem transforming the FDIC into a hedge fund. Go figure? Here's what everyone needs to know: The US government (you) will provide up to 94 percent of the financing (low interest, of course) for dodgy mortgage-backed assets that no one in their right mind would ever buy so that wealthy and politically-connected banksters can scrub up to $1 trillion of red ink from their balance sheets. Ugh! Read full article... Read full article...
Wednesday, March 25, 2009
Geithner's Arrogance Knows No Bounds, The Most Dangerous Man in America / Politics / Credit Crisis Bailouts
By: Mike_Shedlock
Inquiring minds are listening to Geithner explain to Congress how his plan works. Here is a transcript of a conversation between Rep Gresham Barrett and Treasury Secretary Geithner. Rep Gresham Barrett : "The last question I have guys, which is the $64 million question or I guess I should say $64 trillion question is: What's the backup plan? If everything fails what do we do? Where do we go from here?"
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Tuesday, March 24, 2009
Who Created The Financial Crisis And Why / Politics / Credit Crisis 2009
By: Steve_Selengut
"The Big Takeover" by Matt Taibbi is probably the best article written to date explaining the financial crisis and how we got to where we are now. Taibbi's necessarily lengthy article explains the problems, names the "poipetrators", and exposes all of the conflicts of interest--- absolutely a must read.Read full article... Read full article...
Tuesday, March 24, 2009
Krugman's Fatally Flawed Thinking on $200 Billion Lunch / Politics / Credit Crisis Bailouts
By: Mike_Shedlock
Paul Krugman frequently proposes solutions straight out of the "free lunch" handbook. However, in one recent case, Krugman actually managed to put a price tag on the lunch. That price is $200 billion.
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Tuesday, March 24, 2009
Iran's View of President Obama / Politics / GeoPolitics
By: STRATFOR
U.S. President Barack Obama released a video offering Iran congratulations on the occasion of Nowruz, the Persian New Year, on Friday. Israeli President Shimon Peres also offered his best wishes, referring to “the noble Iranian people.” The joint initiative was received coldly in Tehran, however. Iran's supreme leader, Ayatollah Ali Khamenei, said the video did not show that the United States had shifted its hostile attitude toward Iran. Read full article... Read full article...
Tuesday, March 24, 2009
Bank Bailouts Judgment Day for Geithner / Politics / Credit Crisis Bailouts
By: Mike_Whitney
Whether he deserves it or not, Timothy Geithner has become the poster boy for everything that's wrong with the government's scatterbrain financial rescue plan. Geithner was in the wheelhouse at the New York Fed when Bear Stearns and Lehman Bros defaulted, and he played a central role in the $165 million AIG bonus scandal which ignited a populist firestorm across the country. Now everything even remotely connected to the bank bailout has become a source of fist-clinching rage. The mood of the country has darkened from the steady downpour of bad economic news, the sharp decline in housing prices and the steep rise in unemployment. People are angry at the government, the banks and Wall Street. Their nerves are frayed and their patience is stretched to the limit. Read full article... Read full article...
Tuesday, March 24, 2009
Economic Stimulus is Bankruptcy of the Economy / Politics / Economic Stimulus
By: Dr_Ron_Paul
The distraction on Capitol Hill this week has to do with the jackpot bonuses that executives at AIG recently received. The argument is over a relative drop in the bucket. The total amount of bonuses given out was $165 million. The government has put $170 billion into AIG so far. Many now are demanding we get this money back. We ought to be spending our time and effort doing something more worthwhile, like figuring out how the Federal Reserve is handling the trillions of dollars they are creating and pumping into the economy, and how that is affecting the purchasing power of dollars in your pocket.Read full article... Read full article...
Monday, March 23, 2009
Geithner's Galling and Dangerous Plan For Bad Bank Toxic Assets / Politics / Credit Crisis Bailouts
By: Mike_Shedlock
The long awaited details of Geithner's "plan" for dealing with bad bank assets is finally out. Githener's plan is disingenuous at best. If people want to be outraged at something, it should be over Geithner's plan. Read full article... Read full article...
Monday, March 23, 2009
Bailout's Dangerous and Unintended Consequences Will Prolong America's Second Great Depression / Politics / Recession 2008 - 2010
By: Money_and_Markets
Martin Weiss writes: I've just returned from Washington, DC, where I held a press conference at the National Press Club and a round-robin series of meetings with members of Congress … with more to come this week.
Let me first tell you what I told them. Then, I'll explain what I think you should do about it …
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Monday, March 23, 2009
Ben Bernanke Money Printing U.S. Banana Republic Policies / Politics / Quantitative Easing
By: Michael_Pento
Helicopter Ben Bernanke has earned the new moniker of Banana Ben. He has earned the new name because of his desire to make the United States resemble a banana republic instead of embracing the policies that made the U.S. the greatest nation on earth. It is now abundantly clear to all that not only the Fed Chairman but also this administration will do everything in their power to create inflation. Their efforts are derived from the mistaken belief that inflation can solve everything. Read full article... Read full article...
Monday, March 23, 2009
Obama Economic Program Increases America's Bondage to Wall Street Billionaires: / Politics / Credit Crisis Bailouts
By: Richard_C_Cook
It’s Time for a New Monetary System - This article previews the author’s new six-part video series scheduled for release April 2: “Credit as a Public Utility: The Solution to the Economic Crisis.”Read full article... Read full article...
Monday, March 23, 2009
China Afraid of Loss of Value of $2 Trillion of Reserves / Politics / US Bonds
By: Pravda
Dominick L. Auci writes: Chinese Premier Wen Jiabao is worried. His country keeps over $2 trillion of its foreign reserves in U.S. Treasuries. He's afraid that Obama's big spending plans will weaken the dollar and erode the value of those enormous assets. Given the dismal financial state of the rest of the world, that's a pretty high-class problem, especially for a devout communist. Jiaboa called on the United States to “honor its word, stay a credible nation and ensure the safety of Chinese assets”.Read full article... Read full article...
Monday, March 23, 2009
Diverse Economy Comes After Communism and Capitalism / Politics / Global Economy
By: Pravda
In 1991 communism failed. In 2008 capitalism failed us. In the space of 17 years, two great economic systems based upon very elaborate and self-convinced ideologies collapsed. Two great peoples, American and Russian, are stunned and wandering in a vacuous period of human history, in a great pause between ages. Read full article... Read full article...
Monday, March 23, 2009
Geithner's Financial System Plan, a Gigantic Confidence Game / Politics / Credit Crisis Bailouts
By: Mike_Shedlock
In case you missed this weekend's top story about Geithner's much anticipated plan to save the financial world via smoke and mirrors, please consider Toxic Asset Plan Foresees Big Subsidies for Investors Read full article... Read full article...
Sunday, March 22, 2009
How Citigroup Incompetence Squanders U.S. Taxpayers Money / Politics / Credit Crisis Bailouts
By: Mike_Shedlock
Inquiring minds are reading Banks Selling Properties in Bulk for Cheap . Mar. 19--Lenders have become so overwhelmed by the foreclosure crisis that they are starting to unload properties in bulk to investor groups at steep discounts. Investors then flip the properties for a profit without necessarily improving the home.
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Sunday, March 22, 2009
An American Outrage: Bernie, AIG, and Us / Politics / US Politics
By: Walter_Brasch
There have now been more than 4,000 deaths and 30,000 casualties of American military in the war in Iraq. More than 100,000 Iraqis and others, most of them civilian, have also been killed in what is now known to be an unnecessary war. But, we as a nation are not outraged.Read full article... Read full article...
Sunday, March 22, 2009
U.S. Dollar as the World’s Only Reserve Currency is illegal / Politics / US Dollar
By: Pravda
A new world currency must be created under the aegis of the United Nations Organization, Kazakhstan's President Nursultan Nazarbayev stated during his speech at the 21 st Congress of the Eurasian Association of Universities in Astana.Read full article... Read full article...
Sunday, March 22, 2009
Global Warming, CO2 and Carbon Communism / Politics / Climate Change
By: Pravda
Gregory Fegel writes: I think that the CO2-caused Global Warming theory is false and unproven junk science.Read full article... Read full article...
Sunday, March 22, 2009
Fraudulent Ponzi Scheme Bailed Out Bank Executives Should All be Fired! / Politics / Credit Crisis Bailouts
By: Submissions
Keith Olbermann
in his strong "Special Comment" calls on tighter regulation of the banks that have been fraudulently bailed out to the tune of trillions of tax payer dollars in the biggest ponzi scam in history. He also states that the crooked, lying thieving bank executives should ALL be fired, the conmen pretend to atone for their atrocities against America but instead the damn liars continue to defraud the tax payer.Read full article... Read full article...
Sunday, March 22, 2009
Why We Should Own the Bailed out Banks / Politics / Credit Crisis Bailouts
By: Submissions
“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.” -- Thomas Jefferson, 1802 Read full article... Read full article...
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