Home » Posts tagged 'bank bailouts' (Page 2)

Tag Archive


bank bailouts bank failures Bank of America Ben Bernanke bonds Bush tax cuts capitalism cashless society China coronacrisis deficit spending deregulation Donald Trump Ebola economic bubble economic collapse economic crisis economic denial economic news articles economic predictions economic recovery epocalypse euro crisis European Union George W. Bush great depression Greek crisis Hillary Clinton housing bubble housing market collapse immigrant labor Iran nuclear crisis national debt oil prices quantitative easing quantitative tightening Reaganomics recession v depression Russia socialist revolution stock market sustainable economics The Federal Reserve the great recession unemployment

Wealth Inequality in America Funded by Federal Reserve

When Federal Reserve Chair Janet Yellen worries about growing wealth inequality in America, I wonder if she’s truly unaware of how she creates this disparity. All of the Fed’s efforts at economic recovery have been directly applied toward helping the America’s most wealthy recover first. How can you not create greater wealth inequality in America when the recovery program for the Great Recession […]

           TOP

Simple and Clear Reasons the Next Economic Crash Will be Worse Than the Last

We’ve spent an unprecedented fortune trying to rebuild out of the rubble of The Great Recession; yet, we are building by the same architecture that caused our economic structure to collapse in the first place. We all recall how the buzz phrase of the Great Recession was “too big to fail.” The lynchpin that triggered […]

           TOP

Republicans Have Become the Failing Power Grid of America

Watching the aftermath of hurricane Sandy, I found myself repeating something I’ve complained about for decades. I watched the tired story of millions of people living in dark because of power lines being whipped about in a storm. What a metaphor that is for how truly in-the-dark America has become. I listened to stories of […]

           TOP

Bank of America, How Are You? (A song for the Great Recession)

I’ve posted a new video for a song I wrote to give Bank of America credit that is due for helping to create a great recession for us all. The video is illustrated with photos from the Great Depression. My tribute to Bank of America with images of the time when it was born:

           TOP

Goldman’s Sacks of U.S. Gold — Bailout Bonus Bonanzas

There are more thousand-dollar bills stuffing the suit of a Goldman Sachs executive than there are straws in a scarecrow. The Wall Street people who piloted us all into the Great Recession have overturned banks that received more than a trillion dollars in free loans and outright gifts from beleaguered tax-payers. They could not have […]

           TOP

Business As Unusual for The Federal Reserve Even After Audit

Senator Bernie Sanders said that the Fed’s bailout programs are “socialism for the rich and rugged, you’re-on-your-own individualism for everyone else.” (This is what makes this such a great recession for those rich ol’ boys with government-issue golden parachutes.) It’s been half a year since the audit that Sanders and Ron Paul pushed for revealed that […]

           TOP

DOWNTIME Part 15 – Bailout Bonanza Gone Bananas

American International Group has received to date $170,000,000,000 of U.S. tax-payer’s money. The zeroes start swimming in my vision with numbers like that, as my eyes cannot focus on numbers so wide. If the numerals were letters, that’d be enough letters for three four-letter words. Don’t know why I think of four-letter words in the […]

           TOP

DOWNTIME Part 11 – Banking on the Future

We’ve all heard the plan for saving the nation. Create a “Bad Bank.” Deposit all the bad loans in the nation into the bad bank, and flush them away. The bad bank will buy these loans with money that is minty fresh This magic money will come from the next generation. Our legacy to them […]

           TOP

DOWNTIME Part 8 – Welcome to the Year of the Ox

Today begins the Chinese Year of the Ox. I wasn’t sure how much stock to put in the Chinese Year of the ___ stuff. (Right now I’m not buying stock in anything.) Then I had a brainstorm. I can easily see if there is anything to this Chinese New Year stuff by looking back at […]

           TOP

DOWNTIME Part 7 – Things to Do With a Failed Bank

I was still feeling kind of swishy in my belly this week as I read about various CEOs who brought down fat bonuses by bringing down their banks. And I was thinking, what is it that a top-of-the-line CEO does to bring down one of the world’s largest banks that makes him or her worth […]

           TOP

DOWNTIME Part 6 – Bailing Out the Biggest Bullies

When the present economic downfall was really getting under way last fall, Ken Lewis, the CEO of Bank of America, was lauded around the world for scooping up Merrill Lynch in a fire sale. What a brilliant man, the world thought, for picking up a Rolls Royce like Merrill Lynch for pennies on the dollar. […]

           TOP

DOWNTIME Part 5 – The Great Snow Job

The Congressional Budget Office recently announced that the United States will be running its first trillion-dollar deficit this year — $1.2 Trillion if we count the pocket change. That’s about three times more than it’s been in any other year. Most Americans seem ready to agree with congress that this is necessary in order to […]

           TOP