On the eve of USA's November 2008 national election, an urgent proposal for an unsecured $700-Billion, maybe $800-Billion (would you believe, $3- or 4-Trillion?) loan to mismanaged banks and stockbrokers was generating understandable controversy. In its initial form the Bush Buddies Bailout was one more Weapon of Mass Deception. But the problem remains. What ARE reasonable goals, what are NOT, and how might a more populist government reach good ones?
Jill and I searched, asked friends, and found these links to be meaningful to us.
And some black humor...
(
- Golden bullets mark items I posted recently; most-recently-published items are at the top.)
"You never want a serious crisis to go to waste. What I mean by that, is
an opportunity to do things that you think you could not do before."
-Rahm Emanuel (Wall Street Journal Weekend Interview, Nov. 7th, 2008)
"Never waste the opportunities offered by a good crisis."
-Niccolo Machiavelli (Fifteenth Cent. Florentine writer and statesman)
US
National Debt Clock, by Ed Hall
Calculated Risk
(blog)
The Conscience
of a Liberal (NY Times blog by Paul Krugman)
"Alert: Nuclear (and Economic) Meltdown In Progress" (Chris Martenson, March 16th, 2011)
"God On The Table", by Michael C. Ruppert (Collapse Network, November 1st, 2010)
"Arguably, the cause of the collapse of human industrial
civilization has been a fundamental disconnect in consciousness that
has led humankind to tell itself that it is exempt from the laws of
physics and nature – that infinite growth is possible on a finite
planet."
"Heavy in dollars, China warns of depreciation", (Reuters, September 2nd, 2010)
"This Is Not a Recovery" by Paul Krugman (NY Times, August 27th, 2010)
"Ask Not Whether Governments Will Default, but How", by Arnaud Mares (Morgan Stanley, August 26th, 2010)
"How Did Economists Get It So Wrong?", by Paul Krugman (NY Times, September 2nd, 2009)
"Goodbye, GM" ...a letter from Michael Moore, (MichaelMoore.com, June 1st, 2009)
"Builders & Titans: Bernie Madoff", by Michael Moore (The 2009 TIME 100, May 1st, 2009)
"We the People" to "King of the World": "YOU'RE FIRED!" ...a letter from Michael Moore, (MichaelMoore.com, April 1st, 2009)
"Oh, What a Lovely Class War!", by Michael Winship (Bill Moyers Journal, March 13th, 2009)
"Sold Out: How Wall Street and Washington Betrayed America", by Robert Weissman and Harvey Rosenfield (Wall Street Watch, March 4th, 2009)
"A Proven Framework to End the US Banking Crisis Including Some Temporary Nationalizations" (Adam S. Posen, Peterson Institute for International Economics; Testimony before the Joint Economic Committee of the US Congress hearing, “Restoring the Economy: Strategies for Short-term and Long-term Change”; February 26th, 2009)
Recovery.org (U.S. Government, February 24th, 2009)
"Taking Apart the $819 billion Stimulus Package" (Washington Post, February 1st, 2009)
"Orlov: Russia Was Better Prepared for Collapse than the U.S.", by Dmitry Orlov (TruthNews.us; January 16th, 2008, originallly published December 4th, 2006)
"China factory output dips further" (BBC News, January 4th, 2009)"A guide to the credit crunch", audio slideshow (6 minutes) by BBC's Business Editor Robert Peston (BBC, January 1st, 2009)
"Protectionist dominoes are beginning to tumble across the world", Ambrose Evans-Pritchard (Telegraph, Dec. 22nd, 2008)
"Madoff: The man who sold the world", by Rupert Cornwell (Independent, Dec. 21st, 2008)
"Revving China's auto industry", by Peter Day (BBC News, Dec. 13th, 2008)"Senate to Middle Class: Drop Dead ...a message from Michael Moore"
(MichaelMoore.com,
Dec. 12th, 2008)
"Automakers fail to cash in on big GOP donations", by Ken Bensinger (LA Times, Dec. 12th, 2008)
"White House, Democrats Near Short-Term Deal For Automakers; Loans to Carry Firms to March", by Lon Montgomery and Kendra Marr (Washington Post, Dec. 6th, 2008)
"Saving the Big 3 for You and Me ...a message from Michael Moore" (MichaelMoore.com, Dec. 3rd, 2008)"Sync, and Swim Together", by Daniel Kahneman and Andrew Rosenfield (NYTimes, Nov. 24th, 2008)
"Colossal Financial Collapse: The Truth behind the Citigroup Bank 'Nationalization'", by F. William Engdahl (Global Research, Nov. 24th, 2008)
"Systemic Risk, Contagion and Trade Finance - Back to the Bad Old Days", by London Banker (RGE Monitor, Nov. 14th, 2008)
"A
Credit Crisis or a Collapsing Ponzi Scheme? The Two Trillion Dollar
Black Hole", by Pam Martens (Counterpunch, Nov.
13th, 2008)
"Financial
Crisis: Washington's $5 Trillion Tab", by Elizabeth Moyer
(Forbes.com, Nov. 12th, 2008)
"Failing
Like Japan", by Bill Mann (Motley
Fool, November 11th, 2008)
"US
Taxpayers Violated; The Looting Operation Continues", by
Chris Martenson (Financial Sense University, Nov. 11th, 2008)
"The First 100 Days" (The GOOD Sheet, Nov. 6th, 2008)
"This Is Not The End Of Capitalism", by Mark Shuttleworth (Here Be Dragons, Nov. 4th, 2008)
"Hedge Fund Manager: Goodbye and F---- You", by Matthew Malone (Portfolio.com, Oct. 17th, 2008)
"It's
a Solvency Problem, Not a Liquidity Problem", by Mark
Shuttleworth (Here Be Dragons, Oct. 9th, 2008)
"Taking
Hard New Look at a Greenspan Legacy", by Peter
Goodman (NY Times, Oct. 8th, 2008)
"Europe
Struggles for a Response to the Bank Crisis", by Andrew
Purvis (Time,
Oct. 7th, 2008)
"Why
the $700 Billion Isn't Helping", by Jeremy Caplan (Time,
Oct. 7th, 2008)
"There
were still aspects of this package that I didn't like.", by Senator
Barbara Boxer (Calculated Risk blog, Oct. 4th,
2008)
"Here's
How to Fix the Wall Street Mess", by Michael Moore (MichaelMoore.com,
Oct. 1st, 2008)
"Congresswoman
Kaptur Votes Against Bill To Bail Out ‘Reckless’ Wall Street"
(Sept. 30th, 2008)
"Congratulations,
Corporate Crime Fighters! Coup Averted for Three Days!", by
Michael Moore (MichaelMoore.com,
Sept. 30th, 2008)
"Shocked
the Bailout Plan Failed? You Shouldn't Be.", by Robert Zimmer
(Sept. 29th, 2008)
"The
Rich Are Staging A Coup This Morning", by Michael Moore (MichaelMoore.com,
Sept. 29th, 2008)
"A
Shattering Moment in America's Fall from Power", by John Gray
(The Observer, Sept. 28th, 2008)
"Is
this the United States Congress or the board of directors of Goldman
Sachs?”, by Congressman Dennis Kucinich (US House of Representatives, Sept.
28th, 2008)
"Last
Chance for the Truth", by Martin Weiss (Money and Markets,
Sept. 28th, 2008)
"The
Bailout: What's At Stake", by Chris Isidore, senior writer
(CNNMoney.com, Sept. 26th, 2008)
"Proposed
$700 Billion Bailout Is Too Little, Too Late to End the Debt Crisis;
Too Much, Too Soon for the U.S. Bond Market", by Martin Weiss
and Michael Larson (Weiss Research, Inc., Sept. 25th, 2008)
"Real
reform or nothing", by Congresswoman Marcy Kaptur (US House of Representatives, Sept.
25th, 2008)
"The
'Oracle' Speaks: Listen Up, Hank", by Jeff Matthews (blog,
Sept. 24th,
2008)
"Our
Federal Economy", by George Will (Washington Post, Sept.
24th, 2008)
"Main
Street Before Wall Street", by David Korten (Yes!
Magazine, Sept. 24th, 2008)
"Stocks and Stockbrokers", by Paul Lutis (Lutus website, June, 2008)
"Living Wealth: Better Than Money", by David Korten (Yes! Magazine, Fall 2007)
"Orlov: Russia Was Better Prepared for Collapse than the U.S.", by Dmitry Orlov (TruthNews.us; Jan. 16th, 2008, originallly published Dec. 4, 2006)
"CyberInsecurity: The Cost of Monopoly", by Dr. Daniel Geer and others (Computer & Communications Industry Association, Sep. 27th, 2003):"Orlov: Russia Was Better Prepared for Collapse than the U.S.", by Dmitry Orlov (TruthNews.us; Jan. 16th, 2008, originallly published Dec. 4, 2006)
"Santa Claus Bailout Hearing" (National Lampoon, Dec. 18th, 2008) ![]() |
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