George Washington's blog
Biden: "It's a Depression For Millions of Americans"
Submitted by George Washington on 10/20/2009 18:07 -0500What do you think?
Hussman: Average Americans Are Getting Scalped So That Bondholders Can Be Saved from Taking a Haircut
Submitted by George Washington on 10/20/2009 13:55 -0500The government rescued bondholders so they wouldn't have to take a haircut.
Everyday Americans? We've been scalped ...
Tavakoli: "We Should Impose a 95% Excess Profits Tax—Or Windfall Profits Tax—On Certain Financial Institutions... Enriching Themselves" at Our Expense
Submitted by George Washington on 10/19/2009 20:11 -0500Janet Tavakol says:
"During World War II, we imposed an excess profits tax. We should impose a 95% excess profits tax—or windfall profits tax—on certain financial institutions (including Goldman Sachs) enriching themselves with ongoing low-cost Fed funding and debt guarantees."
What do you think?
Congress Actually Stands Up to Banks . . . But What About the Senate?
Submitted by George Washington on 10/19/2009 15:17 -0500House Financial Services Committee DOESN'T wimp out!
Has the Government Sowed the Seeds for Green Shoots or Another Depression?
Submitted by George Washington on 10/19/2009 12:49 -0500Pass this on to people who get their news from the talking heads on tv . . .
PhD Economists and Economic Professors Call For Protests
Submitted by George Washington on 10/18/2009 20:59 -0500You know that the government and the giant banks are not being responsive to the needs of the economy and the American people when even PhD economists and economics professors are calling for protests.
Senator Cantwell: Congress WEAKENING Existing Derivatives Regulations
Submitted by George Washington on 10/16/2009 17:49 -0500Cantwell slams derivatives bill ...
Barney Frank's Bad Loans
Submitted by George Washington on 10/16/2009 14:07 -0500Barney Frank's possible role in the mortgage meltdown . . .
The Ongoing Cover Up of the Truth Behind the Financial Crisis May Lead to Another Crash
Submitted by George Washington on 10/15/2009 13:55 -0500Prosecute the criminals, or else the economy won't improve...
Bank Lobbyists Are Not Only Trying to Kill NEW Legislation, They Are Trying to Weaken EXISTING Regulations
Submitted by George Washington on 10/14/2009 19:44 -0500Heads up!
Congress Removes Authority to Ban Riskiest Derivatives Trades Because "There Was Concern That A Broad Grant To Ban Abusive Swaps Would Be UNSETTLING”
Submitted by George Washington on 10/14/2009 14:20 -0500Congress takes a dive before round 1 of the boxing match even begins.
China's Market Share Soars During Global Downturn
Submitted by George Washington on 10/13/2009 19:00 -0500China's export situation isn't as dire as you might assume ...
Debunking the "Too Big To Fail" Myth
Submitted by George Washington on 10/13/2009 17:24 -0500The government is STILL defending too big to fail on several ridiculous grounds.
Government Leaders Said Bailouts Were Needed Because "The House Next Door Was Burning Down" . . . Were They Right?
Submitted by George Washington on 10/12/2009 18:21 -0500We Wouldn't Want Anyone to Get Hurt, Now Would We?
The REAL Battle Over America's Banking System
Submitted by George Washington on 10/12/2009 13:44 -0500Think you know what aspects of America's banking system need to be changed?
Are you sure you're not missing anything?
