It’s understandable if some Americans find themselves confused as they try to understand the financial headlines making news this morning: An enormous “Ponzi” scheme, allegedly perpetrated by a long-trusted Wall Street legend and former chairman of the NASDAQ, continues to make headlines since becoming public four days ago. Other news articles focus on the possibility [...]
Is Big Three Bailout Plan Another ‘Ponzi’ Scheme?
December 15th, 2008 · No Comments
Tags: · aig, andrew m. grossman, automakers, bailout scheme, banks, bear stearns, bernard l. madoff, bernard madoff, big three, big three automakers, big three bail out, big three bailout, big three bailout plan, bridge loan, bridge loan to nowhere, Bush, Bush Administration, car companies, charitable organizations, citigroup, Congress, detroit, fannie mae, financial markets, Financial Times, freddie mac, hedge funds, Heritage Foundation, individual investors, investment fraud, joseph stiglitz, madoff, nasdaq, Nobel Prize, ponzi, ponzi scheme, President George W. Bush, rob peter to pay paul, sec, securities and exchange commission, tarp, treasury department, troubled asset relief program, u.s. auto industry, Wall Street, Wall Street Journal
‘Burning Down the House’ Explains Economic Crisis
September 27th, 2008 · 5 Comments
Burning Down The House: What Caused Our Economic Crisis is, perhaps, the best video yet to explain the current economic crisis and offers details about the political players involved, including presidential candidates John McCain and Barack Obama and several of the folks most responsible for the crisis. UPDATE 9/29/08: It appears the video that is [...]
Tags: · Affordable Mortgages, African-American applicants, bad government regulation, Bank Collapse, Barack Obama, Barney Frank, bear stearns, bundling, burning down the house, burning down the house video, calvin robertson, Campaign Contributions, carter administration, citibank, clinton administration omb director, Community Reinvestment Act of 1995, countrywide mortgage, cra, Democrats, deregulation, Education, failed economic policies, fannie mae, fannie mae ceo, Foreclosures, franklin raines, free markets, Gas Prices, Goldman Sachs, government mandate, government-sponsored enterprise, great depression, home ownership, Home Ownership Rates, Home Prices, house of cards, Housing Bubble, Housing Enterprise Regulatory Act of 2005, investment banker, jim johnson, John Kerry, John McCain, lehman brothers, main street banks, McCain, Melvin Watt, miner barnhill and galland, minority neighborhoods, Nancy Pelosi, Obama, obama's political philosophy, opensecrets.org, Pelosi, poor people, predatory lenders, responsibility, self-interested lawyers, social engineering, Sub-Prime Loans, Time Bomb, Variable-Rate Mortgages, Wall Street
Trucker Discusses Economic Issues on CNN
May 6th, 2008 · 1 Comment
Six weeks ago, Dan Little spearheaded a nationwide truckers shutdown which took place April 1 as a means of drawing attention to the poor economic plight of independent truckers and trucking companies. Today, the owner of a Carrollton, Mo., cattle-hauling operation finds himself in a new position representing the interests of truckers from across the [...]
Tags: · bear stearns, CNN, dan little, fuel prices, fuel taxes, gas tax holiday, independent truck drivers, independent truckers, owner-operators, owner-operators united, Presidential Candidates, reggie aqui, truck drivers, truckers, trucking companies, trucking industry, Wall Street
