Archive for the ‘Bank Bailout Count’ Category

Screw You

Tuesday, September 22nd, 2009

Bank of America is taking the hard line at every turn with the government whose citizens saved it. The bank is the recent recipient of a two bagger of cash transfusion from the taxpayer, in one arm went $45 billion under TARP and in the other arm was a $118 ...

Bernanke Lies Like a Rug

Thursday, September 17th, 2009

With word that green shoots sprouting up all over the road ways and side walks, Ben Bernanke's shrill statement that the "recession is likely over" could almost trick some one into believing all the hype. Federal Reserve Chairman Ben Bernanke said Tuesday that the recession was "very likely over," as consumers ...

The Human Cost

Tuesday, September 15th, 2009

Much has been made in the mainstream financial media of the difference between Bear Stearns and Lehman Brothers, and the shrill question still arises:  "why save Bear Stearns and let Lehman Brothers fail?"  The question is quaint, of course, to those in the know. Bear Stearns was no more saved than ...

Pack Mule

Wednesday, August 26th, 2009

Bank of America continues to plod through the aftermath of the credit bubble burst like an old, overburdened pack mule. With red ink still dripping on the bridle, Bank of America pushed out a $3.2 billion second quarter profit, largely on the back of one time gains. One-time items included ...

Give us More More More Stimulus

Friday, July 3rd, 2009

The banker billionaires must be bellowing up to the "give us more more more" bar. Seems a little bit of reality in the jobs numbers chopped the "green shoots" theory down to size, and since the first stimulus did not work so well, Congress has decided to do another. Nancy Pelosi, ...

Krugman’s Debt Trap

Tuesday, June 16th, 2009

Keynesian economics was developed to provide academic cover to a theory so blatantly flawed as to render it defenseless under any ordinary attack of sound logic. But surrounded since it's inception by layers of PhD s and volumes of Fed speak, until recently no one dare see through the emperors ...

End Game

Thursday, May 28th, 2009

This falls in the "you had better take it seriously" category, as it is the continuation, or End Game, of the New World Order. It also explains every President's obsession with the destruction of law and civil liberties. The mass murder of four billion is better carried out by a ...

Krugman’s Nobel Sell Out

Tuesday, May 26th, 2009

The Federal Reserve is a cartel of private banks created in 1913, principally by JP Morgan and John D. Rockefeller. History says the bankers were no more popular in 1913 than they are today, so any bill putting a private bank in charge of the people's money was dead ...

There Will Be Food Riots

Tuesday, May 19th, 2009

Think this is no biggie,? Think again. This is how food riots begin. Witness: More lenders are tightening their restrictions for agricultural loans in the Midwest at the same time that repayments on loans have dropped, The Federal Reserve Bank of Kansas City says.  The Federal Reserve reported Friday that its quarterly survey ...

Same Ol Same Ole JP Morgan

Sunday, May 17th, 2009

Armed with their new "Mark-to-Mickey Mouse" accounting sub-standards, JP Morgan felt free to report their fiscal first quarter 2009 earnings in the traditional manner of the credit bubble. They frontloaded profits with one time gains, papered over losses, and beat phony prearranged expectations. On paper at least, the ruse worked. ...