Recession: What the Feds Don’t Want You to Know

What is recession? (especially pertinent right now since media and Fed are crying: Recession!)UPDATING this: major bill in Congress to Audit the FED, movement growing to End the FED.What is the Federal...

Morgan Stanley bailed out by Beijing after $9bn write-off

More bad news for the economy and the banking sector as the slide continues."Morgan Stanley yesterday became the latest bank to announce a bailout from a foreign government as the Wall Street firm reported the first quarterly loss in its 73-year history after taking...

The Bush Subprime Bailout: Limited Surge or Taxpayer Quagmire?

Ick! The Ownership Society of crap mortgage lending that President Bush pushed so assiduously has gone and done an Iraq on the carpet. Attention taxpayers and homebuyers dumb enough to save for real down-payments. The roar you hear at the door is Dubya with a wallet-sucking...

Savage attacked by officials pushing immigrant bailout worldnetdaily

"San Francisco city officials are trying to force taxpayers to pay for immigrants' green cards and citizenship – and to bolster their case for the new tax, they've introduced a resolution condemning national radio talk-show host Michael Savage for what they call his...

Bush to discuss health care, trade with U.S. automakers

"WASHINGTON (AP) — Auto industry leaders plan to stress in a White House meeting that they are not seeking any federal bailout, but want support on health care and trade issues that affect large manufacturers.  President Bush will meet Tuesday with General Motors...

Truthdig - Reports - Molly Ivins: The Suicide of Capitalism

Molly Ivins notes that when the Long Term Capital Management hedge fund went belly up in the 1998, it nearly wrecked the world economy. So why, she wonders, are we allowing well-connected Republicans to prevent the SEC from staving off the next catastrophe?

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