Mobile version

IMF

IMF: The cost of a second bailout may be democracy by: gjohnsit Mon Nov 23, 2009 at 13:48:43 PST   Wall Street CEO's are deaf to Main Street while awarding themselves record bonuses from taxpayer bailout money.   Democrats in Congress, in the White House, and regulators in the Federal Reserve who propose a permanent TARP bailout program are also deaf to Main Street. There's More... :: (2 Comments, 223 words in story)

H.R. 2346, You have got to be f$%&ing kidding me by: MinistryOfTruth Sun Jun 07, 2009 at 11:47:03 PDT ( - promoted by buhdydharma ) Crossposted at DKos http://www.dailykos.com/story/... Here is a good example of what is in H.R. 2346    We are going to give $230+ million to a DoD Base Closure Account in order to carry out operation and maintenance, planning and design and military construction projects not otherwise authorized by law.     ???     Are we getting single payer health care? Are we getting a commitment to rebuilding America through building infrastructure and the manufacturing sector? Are we getting the return of the Glass-Steagal Act, or the repeal of Gramm/Leech/Bliley? Are we getting to the end of mountain top removal coal mining, or the beginning of a more sustainable energy plan? Are we getting investigations and a Special Prosecutor for the War Crimes committed by Bush/Cheney?     No.     What we are getting are drone missiles, new army bases overseas and defense contracts. With a side of suppression of evidence of war crimes and a big financial bailout on the side.     We are getting a bill called H.R. #2346, The Supplemental Appropriations Act, 2009 This is an example of what your scarce national resources that are not there for national health care is going to...       There's More... :: (23 Comments, 1106 words in story)

The crash of 2008 and the prospects for 2009 by: rjones2818 Fri Jan 02, 2009 at 04:45:12 PST Original article, by Nick Beams, via World Socialist Web Site: Whenever a historical review is made certain years attract attention because of the decisive events with which they are associated. The years 1914, 1929, 1933, 1939 and in more recent times 1956 and 1989 are some that come to mind. The year 2008 is destined to join this group. There's More... :: (3 Comments, 630 words in story)

Treasury Plans to Outsource the Entire $700 Billion Bailout by: Magnifico Tue Oct 07, 2008 at 12:20:55 PDT (9 am. - promoted by ek hornbeck) There are a couple of stories regarding the $700 billion bailout today that really should raise the eyebrows of Americans who have lived through and witnessed the Bush years. Especially taking into consideration the over-reliance on private contractors, financial mismanagement, and loose accounting practices in Iraq and elsewhere with taxpayer money that have been a hallmarks of the Bush administration. The NY Times reports Treasury sets timetable to pick managers. "The Treasury Department put its $700 billion bailout on a fast track on Monday, asking companies to submit bids for running the system by Wednesday and announcing its plan to select winners on Friday." Yes, the Treasure Department will take only one day to review bids before awarding contracts. Hey, at least Treasury Secretary Henry Paulson didn't just announce no-bid award to, say, Paulson's old company, Goldman Sachs. See if this sounds familiar — Administration officials plan to outsource almost the entire project, which will largely rely on "reverse auctions" in which the government accepts bids from financial institutions that want to sell their troubled assets. The Treasury said it intended to hire one company as a "financial agent" to set up the basic system, which would include running the auctions, keeping track of the various portfolios and overseeing all the operational issues. There's More... :: (13 Comments, 698 words in story)