Posts tagged as:

financial crisis

Bailout of America Started Years Ago, But it Could Fall Bankrupt By Its Own Rules

November 28, 2008 · 2 comments

in US economy, international economy

Unlike some Bloomberg commentators have implied when they said that “we’re all in this mess together,” (ie., if the US goes bankrupt, it’s not just the US’s problem) the rest of the world should not be held accountable for what were originally US administration accounting problems and US I-banking greed which caused the original off-balance-sheet [...]

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Secret Fed and Treasury Knowledge of Market Meltdown

November 25, 2008 · 1 comment

in banks, capitalism, international economy, news and updates, spending

What if “They” (the Fed, central banks, hedge fund managers, I-bankers, etc.) knew all along how bad it was going to be and the last 6-8 months have been a careful, steady public letdown, slowly leaking the info out to the market so as to hopefully attenuate the crash rather than to let it all [...]

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