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Market Fundamentals are Wrong
The market is overpriced, the only thing driving the present rally is hot money created out of thin air by the Fed's money-printing policies.Hot money can flood into assets quickly - pushing the market up 60% since... Government’s Cozy Intervention
Many think that Government’s intervention in the market is acceptable, but to how far and which manner? There is no doubt that intervention works, seen the news. Goldman Sachs and AIG are paying out bonuses... BUSH KNEW! Associated Press Reveals Clear Warnings of Economic Meltdown
According to the Associated Press, their review of regulatory documents shows that the Bush Administration was well aware of the risk to the economy and financial markets of their regulatory decisions, but decided... Bush Legacy: US Poor Could Top 46 Million
The number of poor in the US could "approach 47 million" in the next year, according to the private Center on Budget and Policy Priorities, a "liberal" research group. Their report is based a forecast of 9% unemployment by the end of 2009 from Goldman Sachs."Rising... Sen. Inhofe: Paulson Made Martial Law Threats Re: Wall Street Bailout
Senator James "more outraged by the outrage than we are by the treatment [of tortured detainees]" Inhofe-R OK, has said that Treasury Secretary Henry Paulson made warnings of martial law, a new great depression and civil unrest on a conference call about 2 weeks before the... Naomi Klein: Wall Street is a Multi-Trillion Dollar Crime Scene, Dems are Com...
Naomi Klein, author of the best-selling "Shock Doctrine" about capitalist exploitation of disaster for profit, comments on the Wall Street Bailout, the Federal Reserve extending $2 trillion in emergency loans without disclosing recipients or collateral, the Treasury's illegal... 'Wells Fargo Ruling' May Be Illegal
The US Treasury, under cover of the uproar over the Wall Street Bailout, issued a notice in which it claimed authority to overturn Section 382 of the Tax Code, a two-decade old law created to stop mega-conglomerates from using shell companies to hide losses and avoid taxes.... Federal Reserve Refuses to Disclose Recipients of $2 Trillion in Emergency Loans
The privately-owned Federal Reserve Corporation is giving away another $2 Trillion in taxpayer's money under rules that were mostly made up in the last 15 months as their economic shell game began to fall apart with the collapse of the Wall Street-inflated housing market... Economic Meltdown Architects on Obama's Short List for Advisors
Obama has talked a lot about putting Main Street first, but the list of people from whom he is choosing economic advisors is stacked with the same Congressional/Executive/corporate establishment insiders most responsible for the policy changes that permitted Wall Street... 397 views | 43 recommendations | 11 comments
CAN WE TALK ABOUT THE REAL OBAMA NOW? by Sam Smith
Obama is President elect in a landslide rejection of the disastrous administration of the twice-unelected G.W. Bush, and in an embrace of his message of "Hope" and "Yes, we can". Sam Smith of the 40 year-old... British Columbia perspective: Economy is a Pyramid Scheme designed to fail
Victoria, BRITISH COLUMBIA -- Why can't anybody see this 'economy' is a complete farce? Seriously, wake up and use your critical thinking skills for just a minute. This is a pyramid scheme designed to fail that... Ron Paul: The Bailout Is 'Immoral' and 'Unconstitutional'
United States Representative and former GOP Presidential hopeful Ron Paul of Texas had much criticism of the hefty $700 billion bailout of Wall Street. Paul expressed his criticism today on CNN’s “American... "Financial 911": Dr. Phil Answers Top 7 Money Questions.
Eighty percent of Americans have been affected by the economic crisis in the United States, and families not only have "money questions" as a result of the financial meltdown, families need to know what to do... 335 views | 22 recommendations | 14 comments
Chicago's Cook County won't evict in foreclosures
Sheriff in IL upholds law; refuses to carry out foreclosures on properties where tenants were not properly notified by the bank. Over a million people are in foreclosure now; some estimates say it could grow to... Lou Dobbs' Attack on Warren Buffett a Case of Misplaced Bailout Rage
CNN news anchor Lou Dobbs, who is bitterly opposed to the $700 billion financial bailout that passed through Congress on its second attempt Friday, railed against famed investor Warren Buffett on his program last...
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