Tag: Financial Bailout

Name That Candidate

Original article, by Joe Mowrey and sub-titled Which Candidate Supports Petraeus, the Bailout, the Death Penalty, Nuclear Power, the Occupation, the Cuban Embargo …, via counterpunch.com.

Ooooh…a guessing game. I wonder who it could be? Hmmmm?  Let’s find out below the fold!

Salesman of the month for Wall Street

Original article, an editorial subtitled The Democratic nominee was personally responsible for delivering the votes on the bailout bill, via socialistworker.org:

THE BANKERS will soon begin collecting their $700 billion ransom from taxpayers. And they can thank Barack Obama for helping them get away with it.

No more deluded by reaction

Original article, by Alexander Cockburn, titled CounterPunch Diary and subheaded Creatures of Capital, via counterpunch.com:

Have no doubt that the bailout of the financial sector is reactionary. It’s a bunch of little boys sticking their fingers in the dike to save the bosses. Unfortunately, there are many more muskrats on the other side weakening the dike.


Bailout Plan B: Financed by tax cuts for businesses!

Ok, so they want to raise the FDIC insurance to $250k from $100k.  That can be done with a separate piece of legislation.  The problem is that the tax cuts (notice they’re for businesses, not the poor, working or middle classes) will just pile on the debt.

The Last Fight Let Us Face!

Why the Internationale is relevant today!  Original words and music by Eugène Pottier and Pierre De Geyter.  The song was written in the aftermath of the Paris Commune.  

Bailout Rant!

And editorial original to All Over the Board:

So bailout plan A failed.  All well and good, but you know that there will be a bailout plan B, C, D, etc. until the bosses get what they want.  My guess is it’ll take tomorrow’s session on the stock markets around the world and the failure of another big bank.

Bail-out blackmail

Original article, by Mick Brooks, via Socialist Appeal (UK):

Last week US Treasury Secretary Henry Paulson unveiled a dramatic plan to arrest the present financial crisis and prevent future economic catastrophe.

Capitalism has failed. Period.

Original article, by Rob Sewell, via Socialist Appeal (UK):

“I like thieves. Some of my best friends are thieves. Why, just last week we had the president of the bank over for dinner.” W.C. Fields.

Pony Party

Here’s an idea!

Ralph Nader

This Pony Party serves as an open thread.  Please do not rec the pony party!

Their desperate gamble with our money

Original article, an editorial subheaded Whether or not Henry Paulson’s rescue scheme works, one thing is already crystal clear: The capitalist system has failed spectacularly, via socialistworker.org:

THE BUSH administration’s treasury secretary, Henry Paulson, is demanding the financial equivalent of martial law–$700 billion and a blank check to rescue the Wall Street system from the catastrophe caused by the blind greed of the super-rich parasites who run it.

Fannie and Freddie nationalised – let’s take over the rest

Original article, by Mick Brooks, via Socialist Appeal (UK):

The Financial Times has hailed the effective takeover of Fannie Mae and Freddie Mac by the US government as “what could become the world’s biggest ever financial bail-out.” Treasury secretary Henry Paulson has promised he will pump in ‘unlimited liquidity.’ Don’t you wish the government would grant you unlimited liquidity? When it comes to the food and fuel bills of the poor and the working class, the British and American governments find that the cupboard is bare. But now it’s not bare. Predictably markets all over the world have breathed a sigh of relief. Fannie and Freddie have effectively been nationalised – and big business thoroughly approves!

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