Paulson Bailout Plan a Historic Swindle
By William Greider
Financial-market wise guys, who had been seized with fear, are suddenly drunk with hope. They are rallying explosively because they think they have successfully stampeded Washington into accepting the Wall Street Journal solution to the crisis: dump it all on the taxpayers. Continue http://www.informationclearinghouse.info/article20823.htm
Reflections from news and commentary of the day
Grasping at Straws
ReplyDeleteBy Mike Whitney
If Paulson is not removed and his rescue plan scrapped altogether; the dollar will lose its position as the world's reserve currency and the US government will face a historic funding crisis as foreign sources of capital dry up. That will thrust the country into a hyper-inflationary depression. Continue http://www.informationclearinghouse.info/article20828.htm
What's Really Bankrupt
ReplyDeleteThe Wall Street Model: Unintelligent Design
By PAM MARTENS
There is no sincere plan by this administration to help America or Americans. There is only a plan to slow the financial collapse until after the November elections by throwing a politically palatable amount of money at it and a plan to continue to blame it on a housing bust. Continue
http://www.informationclearinghouse.info/article20826.htm