Tag bankers

Ireland bailout saves the bankers

“We are screwed because of the wrongdoing of others.” – Speaker in Irish Parliament Our current financial mess won’t end until bailing out companies and countries with hundreds of billions by governments to protect bonds and loans (and making the…

National Ransom. Elvis Costello

Excerpt from National Ransom, the title track from Elvis Costello’s latest. They’re running wild Just like some childish tantrum Meanwhile we’re working every day Paying off the National Ransom Woe betide all this hocus-pocus They’re running us ragged at their…

Doug Henwood interview by Christian Parenti

Henwood is an economist / author who regularly gets quoted on economic matters in Alan Ableson’s column in Barron’s and also runs the hard left LBO-Talk listserv. Excerpts from the interview in The Brooklyn Rail. Henwood: I didn’t expect a…

Obama starts jawboning

Jawboning the use of public appeals (as by a president) to influence the actions especially of business and labor leaders Obama denies bailout funds to automakers The White House says neither GM or Chrysler submitted an acceptable plan. The GM…