Showing posts with label bank run. Show all posts
Showing posts with label bank run. Show all posts

Tuesday, March 30, 2010

We had eight years of Bush and Cheney, Now you get mad!?

Rosie said pass it on, so here you go... (http://www.rosie.com)

You didn't get mad when the Supreme Court stopped a legal recount and
appointed a President.

You didn't get mad when Cheney allowed Energy company officials to dictate
energy policy.

You didn't get mad when a covert CIA operative got outed.

You didn't get mad when the Patriot Act got passed.
You didn't get mad when we illegally invaded a country that posed no threat to us.

You didn't get mad when we spent over 600 billion(and counting) on said illegal war.

You didn't get mad when over 10 billion dollars just disappeared in Iraq.

You didn't get mad when you found out we were torturing people.

You didn't get mad when the government was illegally wiretapping Americans.

You didn't get mad when we didn't catch Bin Laden.

You didn't get mad when you saw the horrible conditions at Walter Reed.

You didn't get mad when we let a major US city, New Orleans, drown.
You didn't get mad when we gave a 900 billion tax break to the rich.

You didn't get mad when the deficit hit the trillion dollar mark.

You finally got mad when the government decided that people in America deserved the right to see a doctor if they are sick. Yes, illegal wars, lies, corruption, torture, stealing your tax dollars to make the rich richer, are all okay with you, but helping other Americans...oh hell no.

Monday, May 18, 2009

Home Depot Girds for Continued Weakness - NYTimes.com


The leadership of Home Depot has decided to move from a culture of expansion to one that is less vulnerable to consumer and credit slowdowns.

When the collapse of Lehman Brothers froze the credit markets last September, Carol Tome quickly ordered hundreds of Home Depot’s store managers to transfer all their spare cash to headquarters — literally cleaning out their registers and each store’s safe.

In fact, Home Depot’s closest competitor, Lowe’s, is taking the opposite tack, continuing to open outlets at a brisk clip in hopes of closing the gap with its much bigger rival. Lowe’s reported a smaller decline in first-quarter earnings than analysts had expected on Monday, ahead of Home Depot’s report on Tuesday.

“Expansion is risky today,” said David H. Autor, an economist at the Massachusetts Institute of Technology, “but it is also a less expensive time to do so in terms of buying land and hiring labor than it will be when the economy comes back. And maybe even in today’s constrained economy, Lowe’s does not have enough outlets.”





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Tuesday, March 24, 2009

1999: Congress passed bill easing bank laws.


Democratic North Dakota Senator Byron Dorgan Saw What Was Coming (and no one listened!)

" 'I think we will look back in 10 years' time and say we should not have done this but we did because we forgot the lessons of the past, and that that which is true in the 1930's is true in 2010,' said Senator Byron L. Dorgan, Democrat of North Dakota."

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Friday, March 13, 2009

Jim Cramer Gets PWND By Jon Stewart On The Daily Show VIDEO


Having been slammed repeatedly by host Jon Stewart over the past few days for one-sided journalism, Cramer fled any real direct confrontation in his lengthy interview and instead went contrite — absurdly contrite. His voice went high and cracked, his thoughts fragmented as they left his mouth. Includes video.

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Sunday, November 02, 2008

Goldman Sachs takes $12B Bailout, Hands out $14B Bonuses



You aren't going to read about this in the US press, they are too busy lying about everything they report. We have to read about it in a British newspaper.

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Thursday, July 17, 2008

10 Banks That Could Be Next To Go Under

IndyMac bank going under probably has you wondering, is my bank next? Various analysts are predicted that hundreds of small and regional banks could collapse in the next year. Here's the top 10 list of the nation's most troubled banks...

The list is determined by dividing the bank's non-performing loans by the sum of its tangible equity capital and loan loss reserves, what is termed the "Texas-ratio." Any bank with a ratio higher than 100 means they have more bad loans on the books than money to pay for them.

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