Monthly Archives: June 2011

Another Voice For Glass-Steagall To Avert Global Financial Crisis

Finally, there’s a voice of reason in the mainstream press, the New York Times no less.  Here is an opinion about banking and the Glass Steagall Act, saying it seems “miraculous.”  It talks a little about the separation of commercial … Continue reading

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The New Bail Out Is Higher Food Costs

At this point it’s not likely that there will be a QE3, that is, a Quantitative Easing 3, or in plain terms, a third bailout for Wall Street and the international banks. The American people can not stomach, quite literally, … Continue reading

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Obama And Congress Go To Wall Street For Campaign Money

I came across an interesting an honest article from the Washington Post about the power of Wall Street.  Although the article is more about campaign finance reform and the broken promises of Obama, it does bring out the fact that … Continue reading

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Global Financial Crisis Could Mean Global Economic Panic

At the end of June, the QE2 runs out and it looks like the Fed will stop buying treasuries.  That means, as of now, no more bail outs.  This article talks about the global economic panic that can ensue when … Continue reading

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Obama Is On Recovery Fantasy Island

After watching MSNBC tonight and hearing President Obama say “the recovery that we’re on” was just too much to take.  I was waiting to here “de plane boss, de plane.” I guess Obama is continuing to ignore the latest figures … Continue reading

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The Return To Prudent Banking: Glass-Steagall And H.R. 1489

The reality of the economic crisis which has been in the news lately is prompting the fight to restore some sanity to the banking system.  Since the start of deregulation in the late 70s and culminating in the Gramm-Leach-Bliley Act, … Continue reading

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Bailouts Did Not Help Global Financial Crisis, Glass-Steagall Will

With the shocking news coming out in the past few days that the economy is still in really bad shape, that there is no recovery, it hits home the sad fact that all the bailouts did absolutely nothing to help … Continue reading

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Economic Rehab Can Take A Long Time?

In watching the news tonight it’s obvious what I’ve been saying for a while:  There is no recovery, never was.  The Obama administration has been lying about it so they look good.  But, you can only hide that for so … Continue reading

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Job Figures Show The Recovery Is A Big Hoax

I was reading an article in the Huff post, syndicated from Reuters, that U.S. private employers only added a paltry 38,000 jobs last month.  It was based on a report that showed much weaker-than-expected figures for employment.  The figures for … Continue reading

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