Bear Stearns Bailout Proves US Fed is Merely an Extension of the Financial Industry
What is a Plunge Protection Team?
What is a Plunge Protection Team?
American Economic Refugees fleeing to Canada! more
In September of 2007, the city of Windsor, which borders the United States, officially asked for financial assistance from Ottawa to deal with American refugees flooding into Canada. This is proving to be the tip of the iceberg, and only the first wave of economic refugees that have been created in the United States.
There are now tent cities being built outside most large metropolitan areas, one of the largest of which is in Los Angeles. The following report from the BBC highlights the consequence of the US subprime meltdown and the fears that the crisis is growing. > more
In September of 2007, the city of Windsor, which borders the United States, officially asked for financial assistance from Ottawa to deal with American refugees flooding into Canada. This is proving to be the tip of the iceberg, and only the first wave of economic refugees that have been created in the United States.
There are now tent cities being built outside most large metropolitan areas, one of the largest of which is in Los Angeles. The following report from the BBC highlights the consequence of the US subprime meltdown and the fears that the crisis is growing. > more
Bearns buyout very suspicious more
Reuters
By Martha Graybow
NEW YORK (Reuters) - Stunned Bear Stearns shareholders who saw investments virtually wiped out overnight when a takeover deal with JPMorgan Chase was unveiled are demanding to know how it was put together in the first place.
For instance, they -- and Washington lawmakers -- want answers on how the deal was arranged, and gained government approval and financing, all in a few hours, and seemingly without alternative bidders being canvassed.
Reuters
By Martha Graybow
NEW YORK (Reuters) - Stunned Bear Stearns shareholders who saw investments virtually wiped out overnight when a takeover deal with JPMorgan Chase was unveiled are demanding to know how it was put together in the first place.
For instance, they -- and Washington lawmakers -- want answers on how the deal was arranged, and gained government approval and financing, all in a few hours, and seemingly without alternative bidders being canvassed.
Huffington Post: Fraud for Iraq Contractors Unchecked more
WASHINGTON — House Democrats demanded documents Thursday about a multibillion-dollar overseas contracting loophole to track down how _ and why _ the Bush administration slipped it into plans to protect taxpayer money.
Leaders of the House Oversight and Government Reform Committee gave the administration until April 4 to turn over the documents or, aides have said, face a possible subpoena.
The controversial loophole has irked Democrats and Republicans alike. But it has the support of a trade association that lobbies on behalf of giant global government contractors, including Blackwater USA, KBR Inc., Boeing Co., CACI International Inc. and Lockheed Martin.
The United States has spent more than $102 billion over the last five years to help rebuild Iraq and Afghanistan. In that time, the Justice Department has uncovered at least $14 million in contract bribes in those two nations alone.
WASHINGTON — House Democrats demanded documents Thursday about a multibillion-dollar overseas contracting loophole to track down how _ and why _ the Bush administration slipped it into plans to protect taxpayer money.
Leaders of the House Oversight and Government Reform Committee gave the administration until April 4 to turn over the documents or, aides have said, face a possible subpoena.
The controversial loophole has irked Democrats and Republicans alike. But it has the support of a trade association that lobbies on behalf of giant global government contractors, including Blackwater USA, KBR Inc., Boeing Co., CACI International Inc. and Lockheed Martin.
The United States has spent more than $102 billion over the last five years to help rebuild Iraq and Afghanistan. In that time, the Justice Department has uncovered at least $14 million in contract bribes in those two nations alone.
Got Your Attention Yet?
Are you starting to link the utterly insane practices of the so-called Republican economic policies of the Bush administrations with our impending financial meltdown in the US? Is it starting to make sense now? The obscene amounts of money 'spent' in a frivolous war is now starting to come into focus. Let's ask ourselves again. We're in Iraq for what purpose? Why are we there?
If you say weapons of mass delusion, then you are right.
Gas has TRIPLED since Bush started office. The dollar is at it's lowest point in history compared to foreign currency. Inflation is much higher than advertised. (At least 10%, probably more like 14%).
Thanks for your great leadership, Georgie boy. Thanks for your great moral example. It's much better than before.
CNN Warns of a Severe Recession
From WhatReallyHappened.COM
CNN Warns Americans A New Great Depression Is Coming
An economy survives and prospers when the money circulates around, creating products that sell to generate more revenue.
In contrast, money taken out of the economy and poured into weapons development is "dead ended." The weapons either sit in storage until they become obsolete and are junked (which costs money to do) or used in war where they are destroyed. In neither case so these expensive devices create products that we can sell to bring more money into the system.
When too much money is dead ended in weapons, too little remains in general circulation to support the society and the infrastructure on which it depends. The economy and that society stutter to a halt, after having suffered through cheapened roads, cheapened schools, cheapened hospitals, etc.
The USSR collapsed when military spending choked the life out of their economy. Why the US Government persists in making the same mistake is a mystery.
CNN Warns Americans A New Great Depression Is Coming
An economy survives and prospers when the money circulates around, creating products that sell to generate more revenue.
In contrast, money taken out of the economy and poured into weapons development is "dead ended." The weapons either sit in storage until they become obsolete and are junked (which costs money to do) or used in war where they are destroyed. In neither case so these expensive devices create products that we can sell to bring more money into the system.
When too much money is dead ended in weapons, too little remains in general circulation to support the society and the infrastructure on which it depends. The economy and that society stutter to a halt, after having suffered through cheapened roads, cheapened schools, cheapened hospitals, etc.
The USSR collapsed when military spending choked the life out of their economy. Why the US Government persists in making the same mistake is a mystery.
Subscribe to:
Posts (Atom)