Financial crisis: 25 people at the heart of the meltdown – where are they now?

In 2009 the Guardian newspaper of the UK identified 25 people – bankers, economists, central bankers and politicians – whose actions had led the world into the worst economic turmoil since the Great Depression. On the fifth anniversary of the credit crunch, the Guardian asks, “What are they doing? As for the politicians on the list, Bill Clinton, George W. Bush, Phil Gramm and a few others, you’re looking at the politics of corruption. Too much money in politics bought presidents, senators and congressmen, like Wall Street Fetchboy Ron Wyden. And that immoral incompetent Federal Reserve Chairman Alan Greenspan is on the list. Other than that, it’s a wall street gang, more or less. Click the link below to read the Guardian’s findings.

Financial Crisis: 25 People at the Heart of the Crisis–The Guardian UK

Read Full Post »

Greek Voters Kicking Out Their “Bankers Collaborators” Government

Exit polls in Greece suggest the Greek people have decided get rid of their government of the bankers. The government has virtually no ability to engage in fiscal policy to stimulate the economy because they’re tied into the euro, which is controlled by the high powered Germans. The euro is a failure since the Greeks have been forced to cut their social safety net in order to secure loans from banksters to pay off bonds that are coming due. The result of this “austerity madness” has been a worsening economic crisis, further deepening the economic disaster, and ordinary folks are paying the price. Now they’re justifiably mad.

Click here for "Greeks Kicking Out Their Worthless Government"

Read Full Post »

A Demand for Transparency in the Federal Reserve Rescue of Wall Street

The folks of the Federal Reserve are not known for being funny, but sometimes they are. Dylan Ratigan, the democracy demander from MSNBC joined with the Huffington Post to attack the traditional secrecy of the central bank. Months ago, they filed a freedom of information request “asking the Fed to make available the meeting minutes of Fed decision makers from 2007 to 2010. Those were the critical years of financial collapse and massive bailouts when the Fed dispensed trillions of dollars to comfort the panicky financial system and prop up insolvent banks.”

See the full story and video below.

Dylan Ratigan Wants the Federal Reserve to Provide the Minutes of Meetings Leading to the Rescue of Wall Street

Read Full Post »

Market jitters all round as eurozone woes return

Markets rattled as the Eurozone faced the renewed Euro crisis. In Ireland, the people have decided not to pay a property tax earmarked to save the banks and rich investors from their own stupidity and bad investments in mortgage backed bonds.

click here for the full story

Read Full Post »

Europeans migrate south as continent drifts deeper into crisis

Since its conception, the European Union has been a haven for those seeking refuge from war, persecution and poverty in other parts of the world. But as the EU faces what Angela Merkel has called its toughest hour since the second world war, the tables appear to be turning. A new stream of migrants is leaving the continent. It threatens to become a torrent if the debt crisis continues to worsen.

Click here for the complete story

Read Full Post »