Day March 17, 2008

Bear sold for $2 a share

Bear Stearns has (had?) 14,000+ full time employees who owned one-third of all Bear Stearns stock, presumably much of it in retirement funds where they were not allowed to sell. Thus, thousands of people, many almost certainly not wealthy, just…

Blockade the IRS

The venerable War Resisters League plans to blockade IRS offices in DC on Wednesday. For at least this one day — March 19, 2008 — we need to create a disturbance in the smug complacency of the IRS/Pentagon money-axis.

Stock market surprisingly calm

Bernanke is an academic and scholar of the Great Depression. Looks like that knowledge has been helping as the unprecedented, some say “out of the box”, moves by the Fed today have unquestionably stabilized financial markets that were on the…