photo credit: sekundo Throw out the theory! That’s what policy makers are doing world-wide. From neo-liberalism to neo-handouts, one must ask what has happened to confidence in free market theory? Which leader in the western world will stand up? Failure…
photo credit: PhotoGraham That is the call as the bankers bailout of US$700bn gets rejected by US Congress. Meanwhile the US Fed has the printing presses running at just about as much – US$630bn. Kohler says: Essentially Congress has ensured…
One can only laugh when such a blatant shock doctrine exercise as this bailout tries to get through. If only some Hollywood stars were included then the bankers bailout might work. Warren Buffet should know better. A forensic investigation must…
photo credit: betta design The $840bn bailout of US banks provides the US Treasury with a unique opportunity. Will the as yet unnamed new Federal agency (which we will call the Bailout Agency), charged with the responsibility for selling off…
photo credit: amirjina Can someone please write in their diary June 2024? Because that’s when we are going to start warning about the next big bailout for bankers. If we do not learn from the horrors of this downturn and…
photo credit: Arturo J. Paniagua Officials worldwide are scrambling to avoid a run on the banks, such is the fear sweeping markets. Rarely do you hear the need for statements by government finance honchos like Paulson (US) and Tanner (Aus)…
photo credit: {dpade1337} The escalating US financial disaster is fast forwarding into a grapple for handouts, with the vested interests having the ear of the policy makers whilst the less privileged are left behind in a trail of bewilderment, attempting…
With property prices have dropped 23% in the UK over the last year and the UK verging on recession, what role do banks play in the quagmire? To think that Brown believes cutting property taxes will turn the UK property…
photo credit: mtbdeano Professor Mason Gaffney Get yourself comfortable – this is Must Read! This crash is The Big One; it has the signs of becoming a Category 5. How do we know? We’ve “been there and done that” so…
photo credit: Mike Licht, NotionsCapital.com How can the world’s most right wing administration delve into the biggest act of socialism since the Great Depression? By allowing the economic fundamentals to be skewed towards speculation rather than production, the Bush administration…