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 take place before...
BLOG: Commentary
Can the US Treasury learn from mistakes?
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 the bad debts of...
Bailout brings US Hegemony to its knees
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 collect the economic rent that accrues to land,...
Bankers, Bailouts and Handouts
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) that the banking system is...
Lehman’s downfall for laymen
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 to grasp the...
Boom Bust’nBankers: Harrison
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 market around!
Fannie Freddie Fiasco
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...
Predictable Council Rates Fury
photo credit: nicksarebi In the past year more than 81,000 Victorians have received rates default notices, which then impose a 12 per cent interest charge on the debts. Council Rates are again in the headlines, with affordability pressures crunching into a large...
Speed Renting
6 - 8pm Sept 16th@ Horse Bazaar In conjunction with our I Want to Live Here film competition, we are running a Speed Renting night to assist in the pursuit of the perfect living environment. Speed Renting is similar to Speed Dating, though this time home hunters meet...
E.J Craigie
“Communally created values must be safeguarded, and it is the function of government to collect into the public treasury the value attaching to land by reason of the presence of the people, as that is the natural source from which public revenue should be drawn.”...