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This is from Karl Denninger. He co-founded the Tea Party specifically in opposition to the theft of taxpayer money to bail out failed companies and recently blasted its current incarnation as being about “the usual pablum. Guns, gays, God” and not about the economic crisis. The Tea Party was initiated as a political protest [...] In this amusing animation, New Media Animation in Taiwan demonstrates how the investment banks plundered America with willing help from politicians. With English subtitles. Maureen Dowd ponders the sinking Obama presidency, wondering what happened, not really understanding that Obama became president with huge help from investment banks. My view, Obama just isn’t that concerned with the rest of us. After two years of taking his base for granted, the former Pied Piper of America’s youth had to spar [...] Something quite extraordinary is happening. The mainstream, regular business people and moderates, are speaking out. They are furious about the corruption on Wall Street and death grip the banks have on DC. The banks won’t win this time. Quiet Coup. A former chief economist of the International Monetary Fund says the finance industry has [...] Zero Hedge explains why the big banks aren’t being broken up, after demolishing the bogus reasons given as to why they shouldn’t be. Here’s the highlights. Read the whole thing, it’s long, detailed, with copious documentation. Do we need the Too Big to Fails to help the economy recover? Nope, plenty of economists say [...] |  | ||||
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