Archives for “Politics”

Via WallStreetWatch.org: The financial sector invested more than $5 billion in political influence purchasing in Washington over the past decade, with as many as 3,000 lobbyists ...

Joseph Stieglitz to World Economic Forum in Davos: Any decision by President Obama to establish a 'bad bank' to buy up toxic assets would amount ...

As the crisis in the US deepens, we hear frighteningly little analysis of the geopolitical fallout of credit destruction. Naked Capitalism's Yves Smith reminds ...

Does anyone else find this shameful? In a speech this morning, Paulson laid out his priorities for some $350 billion of the bailout fund that remains ...

Here's a great article from Minyanville's Kevin Depew on the Potential for a hyper-inflationary scenario, versus our present deflationary trajectory. A lot of people ...

First, I'll start with a must read macro-perspective from the inestimable Noam Chomsky: The United States effectively has a one-party system, the business party, with two ...

“Let me issue and control a nation’s money, and I care not who writes its laws.” -Nathan Rothschild, 1838 We are being robbed blind.  Yes, the ...

There's a myriad of causes at the heart of this crisis, from mortgage and appraisal fraud, to CDO squared derivatives, to rating agency and monoline ...

Though several watershed events of deregulation and a prolonged flood of Federal Reserve Bank liquidity plainly created the conditions for the real estate bubble, some ...

While the din of fear and panic over the Bailout legislation drowned out the voice of the American public, we learned this week that acting ...

At $45 trillion, the notional amount of CDS in existence is now fast approaching the total amount of credit market debt outstanding in the entire ...

Now that the Senate has passed a boated and, absent raising the FDIC insurance limit- materially indistinguishable bill from the one that the House voted ...

So far, the revised Paulson Plan looks very bad. Suspends mark-to-market pricing (not surprising, as it would BK many banks), allows banks to maintain ...

It is getting difficult to find this picture anymore: From a press conference held on June 3, 2003 — Pictured are Bush Administration officials from ...

We are at a critical juncture in our country's history.  Congress is being pressured to pass a bailout package that will cost the taxpayers trillions ...

Here's the text of what I've been mailing and faxing to my Senators and Representatives in Congress.  Feel free to co-opt all or part of ...

Ok, gentle readers, this is THE moment we have to stop the largest fraud our Government has ever attempted to perpetrate on the taxpayers. ...

Here's a great historical chart showing the DOW movements against the FED and Treasury interventions over the course of this crisis, good read (PDF): ...

Republican senator (and former Phillies Pitcher!) Jim Bunning calls for the resignations of Treasury Secretary Paulson and Federal Reserve Board Chairman Ben Bernanke. We no longer ...

Opining on the news of the Fannie Mae / Freddie Mac seizures by the Treasury Department, both Presidential candidates, as well as President Bush have ...

That is the sound of your party pilfering our bank accounts (socializing the losses), to pay for their bad investments. In the last twelve ...

For those of you who might still need convicing that there are real policy differences at stake in the up coming US presidential election, here ...

It is hard to avoid addict analogies when discussing the politics of oil these days.  Just like the junkie who'll do anything to get one ...

Well, now that the financial train-wreck that has been occurring in slow motion for over a year has finally penetrated the collective consciousness, Federal Bureaucrats ...

Ask yourself, when was the last time that you heard an elected official give a speech as candid, reconciliatory and down to earth as this ...