Category Credit crisis

When money markets broke the buck last week triggering a ginormous run, yes, that was a crisis. A serious one. And it was averted. Paulson and Bernanke did good here. But what is not good is that they tried to…

“Give us Taiwan and you’ll get the loan“

Sue sez: Maybe the shitty-forgive-my-language derivatives have no value. And that’s why nobody want to buy them. So we the taxpayers will. So Wall Street executives, may they be flambeed in tulip bulb oil, can get their golden parachutes. How…

First, send email to your Senators and House representative telling them you oppose the bailout. Then, list your garbage for sale at inflated prices in expectation that Treasury Secretary Henry Paulson will buy them. After all, he’s doing it for…

The ongoing and escalating financial crisis in the US presents a once in a lifetime opportunity for the Left to organize on. It is now obvious to just about everyone that our predatory system of capitalism a) favors the financial…