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.
Posts Tagged ‘crisis’
Posted in corruption, Economics, Economics, recession, Federal Reserve, George W. Bush, goldman sachs, income redistribution, mortgage fraud, Politics, Recessions, the Rigged Game, wealth redistribution, tagged 2008, 207, Alan Greenspan, Bill Clinton, crisis, disaster, Financial, George W Bush, Glass-Steagall, Housing Crisis, Phil Gramm, Ron Wyden, Senator on Jam8000000amTue, 07 Aug 2012 09:31:40 +000012 10, 2010 | Leave a Comment »
Posted in Economics, free trade, income redistribution, Recessions, the Rigged Game, tagged crisis, economic, euro, fiscal, Greece on Jam5000000amSun, 06 May 2012 09:14:52 +000012 10, 2010 | Leave a Comment »
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.
Posted in corruption, Economics, Federal Reserve, income redistribution, Uncategorized, tagged crisis, Dylan ratigan, Transparency, Wall Street on Jam4000000amSat, 21 Apr 2012 09:07:37 +000012 10, 2010 | Leave a Comment »
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.
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.