I almost cried when i watched this, really. I’m all watery. Marcy Kaptur, a Congresswoman from Ohio lays it down! This should be headline news, the realiy of what this bailout really is. Lets write her in for president, fuck Barahnokain.
Financial markets were tense Wednesday, with stocks fluctuating following investor Warren Buffett’s decision to invest $5 billion in Goldman Sachs Group Inc. The credit markets showed added strain as investors await news about the government’s plan to rescue banks from crippling debt. Full read: http://tinyurl.com/5xngchFed sets $30 billion swaps lines with Nordics, AustraliaThe Federal Reserve set new currency swap lines worth $30 billion with central banks in Scandinavia and Australia on Wednesday to boost short term U.S dollar liquidity and help drive lower interbank lending rates. Full story: http://tinyurl.com/4rdqel BAILOUT ‘BIG 4′ in Fraud Probe The FBI has four major US financial institutions in its crosshairs for triggering the potential collapse of Wall Street and the need for a $700 billion federal bailout plan, law enforcement officials said yesterday. Full story: http://tinyurl.com/3t2rbyBUSH, CONGRESS PARTY LIKE IT’S 1929Save People, Not BankersSeat belt laws embolden drivers to drive faster, causing a net loss of life. It’s the law of unintended consequences, also known as the Peltzman effect: the safer you feel, the more risk you take.Sam Peltzman, the economist after whom said effect is named, says that government bailouts like the Bush Administration’s $700 billion attempt to stave off economic collapse are no more effective than “pouring money down a rat hole.” Moral hazard–rewarding reckless people and companies while allowing responsible ones to fail (hello, Lehman Brothers) may avert one economic crisis while planting the seeds of a worse one down the road. Full read: http://tinyurl.com/5yqx2fStocks on our radar: SIRF SQNM BZH NEXM GSInternetPlays.com http://www.internetplays.com http://www.myspace.com/internetplays http://twitter.com/internetplays http://internetplays.wordpress.com Facebook: http://tinyurl.com/29fqep Tagged: 700 billion, ahmedinejad, bailout, bankruptcy, billion bailout,...
Dandelion SaladCSPANJUNKIEdotORGhttp://cspanjunkie.org/September 16, 2008 C-SPAN more about "Rep Kapture: They Want Mama To Make I...", posted with vodpodseeGeneral Wesley Clark: America Needs Urgent Action The end of (capitalist) history? By William Bowles US Federal Reserve announces $85 billion bailout of insurance giant AIGThe Economy Sucks and or Collapse
Dandelion Salad
CSPANJUNKIEdotORG
http://cspanjunkie.org/
September 16, 2008 C-SPAN
more about “Rep Kapture: They Want Mama To Make I…“, posted with vodpod
see
General Wesley Clark: America Needs Urgent Action
The end of (capitalist) history? By William Bowles
US Federal Reserve announces $85 billion bailout of insurance giant AIG
The Economy Sucks and or Collapse