The Economic Populist
Speak Your Mind 2 Cents at a Time
Most Popular
US oil supplies at a 36½ year low, SPR at a 39 year low; oil+products supplies at an 18½ year low
- 184281 reads
Wow! 243,000 New Jobs Created in January
- 50249 reads
Much Ado About Oil
- 105856 reads
Related Content
User login
Recent comments
Poll
US oil supplies at a 36½ year low, SPR at a 39 year low; oil+products supplies at an 18½ year low
- 184281 reads
Wow! 243,000 New Jobs Created in January
- 50249 reads
Much Ado About Oil
- 105856 reads
The Golden Rule
- 1826204 reads
Will the NY Attorney General Bring Doomsday Charges Against Wall Street? If So, How Long Will He Survive?
- 1216133 reads
New York Post Claims Census Falsifies Unemployment Figures
- 949880 reads
How Many Jobs Are Needed to Keep Up with Population Growth?
- 361831 reads
VAT or Value Added Tax is Getting a Look in D.C.
- 345332 reads
U3 and U6 Unemployment during the Great Depression
- 321030 reads
The war on the middle class
- 315199 reads
House discusses 401k/IRA confiscation
- 314238 reads
Tax Cuts for the Rich Do Not Generate Jobs
- 279657 reads
.
Proof positive that the system is fixed. These huge banks/traders (I will NOT call GS a "bank" because that would be a lie) are simply extensions of the fascist US government - or maybe its the other way around - the fascist US government is an extension of these banks/traders.
two of them had zero losses on trades for 3 months. What a joke!
Over at the New York Times.
Warren Buffett said at a board meeting for Berkshire Hathaway that derivitives were bad for the country despite the fact that he owned Moody's he purchased it in 2000 for 100 million. During the time that he owned Moody's, he gave more AAA ratings than ever. Corporations were paying 3 times the going rate supposedly for Consulting fees in loan default-swaps that wraped up sub prime mortgages with credit card debt then tiered them as CDO'S. After the bubble burst, these corporations were downgraded. But the downgrading came after he sold Moody's for 2 billion and change.
Beating the GOP doesn't mean anything.
keep the pressure up. Maybe it would force these investment firms to make real ones if derivatives were curtailed.
This was a GOP amendment, defeated. Of course there are plenty of Democrats, including the Obama administration, trying to water down Lincoln's amendment.
This post is simply brilliant. I've read it several times over the last few days and keep thinking about it. The serf/neofeudalism concept finally puts our country into an understandable, if sad, framework. I've always been baffled when somebody that's barely getting by complains about those union teachers or government employeees instead of the elites. Thanks for introducing me, and I'm sure others, to the concept.
I believe that Fannie and Freddie are off-book.
The Senate vote was 96-0 to approve the Bernie Sanders (I-vermont) amendment. The amendment calls for the GAO to audit the special lending facilities put in place to support the financial systems created in 2008 and 2009. In the House the bill was co-sponsored by Represenative Ron Paul and Alan Grayson. This review will audit all the facilities created in december 2007-2009. At these facilities the FED loaned more than 2 trillion dollars
Now the Senate version differs from the House's version in that the House version would call for an annual audit of the FED instead of a one-time audit of the special facilities. However the Sanders amendment makes it mandatory for the terms of the loans to be made public. It is typical of the Senate to "dilute" what comes from the House. I believe that an annual audit would go further in terms of transparency and act as a deterrent to--excuse the usage of Penal Code nomenclature--to any Malfeasance or misappropriation or even political considerations in their activities. The findings of this audit will be available one year from now. The FED has always resisted this type of transparency,so much so that they have taken it to court and even to theAppellate courts before.
the deficit? This is weird, well, I guess the tax revenues increases were from payrolls in the unemployment report vs. tax returns.
That said, it is everything? i.e. backdoor bail outs?
because this is a huge deal and also so I can make sure the promote/demote system is working. ;)
It's interesting to hear it said out loud what I've been guessing for so long.
The jump up in Gold is unreal. I'm wondering if it's a temp. spike or a long term direction. Panic usually implies a short term spike up.
They are claiming 1 in 8, by my calculations it's more like 13%.
The continent that has seen multiple cases of hyperinflation over the last century, is worried again.
Some of them are a scream. They will just do it all digitally and threaten each person with a lower credit score.
Naked Capitalism says it all, which is these are ones where the SEC finds evidence and as written about in great detail previously. It's easy to rig a CDO where there is zero evidence and one cannot prove anything...of the de facto rigging.
that's my point. We had plenty of people with education whose careers and financial livelihood have been destroyed. Thinking it's just blue collar or manufacturing isn't accurate. When I referenced that study on 2.4 million jobs being lost to China, the surprise was most were advanced tech jobs. Those are degree requiring jobs. It's the technical areas which have been hit hardest. But overall, there are a host of jobs which require a college degree that are paying maybe a couple of dollars an hour more than pumping gas, if that.
We are staring at a tube right? That means no Bunker Hill, Bastille, Winter Palace or Leinster Hall.
At some point, they just might take over. In 1917, Irish took McConnell Street Post Office. Black and Tans were sent in to stop them.
The great Winston Churchill, war minister sent the gunboats up the Liffey to shell most of Dublin when the Irish refused the Peace Treaty in 1923 with the UK.
Get ready for the Iron Fist, from Brussels.
Pages