Bailout deals to make you puke.
but, maybe false:
>From the FDIC: FDIC Provides Additional Information on its Loss Share Agreement With OneWest Bank
FDIC Director of Public Affairs Andrew Gray said, “It is unfortunate but necessary to respond to blatantly false claims in a web video that is being circulated about the loss-sharing agreement between the FDIC [...]
Category Archives: BAILOUT
Your Tax Dollars At Work
BBC Story On Collapse Of Lehman Brothers
British TV has made a one hour docu-drama of the last weekend of Lehman Brothers, the Wall Street firm that collapsed near the beginning of our current continuing crisis.
If you ask me, the government should have let them all collapse; they richly deserve it.
There is a saying in the casino business: Never bet the house [...]
Special Investment Vehicle
Special Investment Vehicle, or SIV, is accurately defined in this blog post by Bill Fleckenstein.
They were devised as a way to conceal risk from regulators, investors, anyone actually.
Being “special”, as in the recurring comment of the Church Lady on Saturday Night Live: “Isn’t that special?” they were not on the books.
So, banks could conceal their [...]
The Working Class Exists To Keep The Bankers Rich
David Cho of the Washington Post reports on the success of Wells Fargo, J. P. Morgan Chase, Citigroup and Bank of America in dominating the credit market, thanks to our government.
I have been screaming “No Bailouts!” for over two years.
However, the Banks appear to have bought both political parties, as I defy anyone to find [...]
The Working Class Exists To Keep The Bankers Rich
David Cho of the Washington Post reports on the success of Wells Fargo, J. P. Morgan Chase, Citigroup and Bank of America in dominating the credit market, thanks to our government.
I have been screaming “No Bailouts!” for over two years.
However, the Banks appear to have bought both political parties, as I defy anyone to find [...]
Were Senators Voting To Bailout Banks In Which They Owned Stock?
Of course they were! Though I am more concerned about the campaign donations and other conflicts of interest.
Reid Wilson and Kevin Bogardus report some of the specifics on the Senate bailout vote.
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