Analysis Topic: Politics & Social Trends
The analysis published under this topic are as follows.
Friday, September 26, 2008
Take Back America from Wall Street / Politics / Credit Crisis Bailouts
By: Mike_Shedlock
It is time to take back America from Wall Street and return it to Main Street USA. Treasury Secretary Paulson is attempting to ram down the throats of US taxpayers, a $700 billion bailout of Goldman Sachs (GS), JPMorgan (JPM), Citigroup (C), Morgan Stanley (MS) and other many other banks that participated in questionable if not fraudulent mortgage lending schemes.
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Thursday, September 25, 2008
The New President and the Global Landscape: McCain's Foreign Policy Stance / Politics / US Politics
By: STRATFOR
John McCain is the Republican candidate for president. This means he is embedded in the Republican tradition. That tradition has two roots, which are somewhat at odds with each other: One root is found in Theodore Roosevelt's variety of internationalism, and the other in Henry Cabot Lodge's opposition to the League of Nations. Those roots still exist in the Republican Party. But accommodations to the reality the Democrats created after World War II — and that Eisenhower, Nixon and, to some extent, Reagan followed — have overlain them. In many ways, the Republican tradition of foreign policy is therefore more complex than the Democratic tradition. Read full article... Read full article...
Thursday, September 25, 2008
Bailout Plan Talks Collapse Overnight as Congress Rebels / Politics / Credit Crisis Bailouts
By: Nadeem_Walayat
Hank Paulson, the ex-CEO of Goldman Sachs investment bank, eager to bailout his Wall Street buddies to the tune of an initial down payment of $700 billion as well as protecting his own estimated portfolio of $600 million aided by his good buddy at the US Fed Ben Bernanke has hit a major hitch as bailout talks disintegrate late Thursday.Read full article... Read full article...
Thursday, September 25, 2008
US Financial Crisis Bailout Crashes to $250 billion / Politics / Credit Crisis Bailouts
By: Mike_Shedlock
The Wall Street Journal is reporting Agreement Reached on Bailout Ahead of High-Level Meeting . Top House and Senate Democratic and Republican lawmakers have reached a tentative agreement on a $700 billion plan to bail out U.S. financial markets, with some predicting the measure would pass both chambers of Congress.
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Thursday, September 25, 2008
Bailout Crisis - What Happens Next / Politics / Credit Crisis Bailouts
By: Justice_Litle
Without further ado, here's a quick tour of the five things you should know...
1) The bailout is one of staggeringly massive proportions.
As I write to you in the wee hours of Monday morning, prior to my transatlantic flight, the number being bandied about for the size of the bailout is $700 billion. Keep in mind, too, that this is an opening number. It doesn't necessarily include relief for upside-down homeowners, strapped consumers, foreign banks or many other potential “extras” that could be added to the tally.
And yet, all by itself, $700 billion is a breathtaking number. How breathtaking, you ask?
Thursday, September 25, 2008
House Speaker Nancy Pelosi Sells Out on Bailout Plan / Politics / Credit Crisis Bailouts
By: Mike_Shedlock
MarketWatch is reporting House Speaker Pelosi reassures market on rescue plan .
Speaker of the House Nancy Pelosi said Thursday that financial markets can rest assured that Congress will act on the White House plan to buy up to $700 billion in toxic debt. Pelosi said the exact timing of the House vote would depend on the outcome of closed-door meetings currently underway on Capitol Hill. House Speaker Nancy Pelosi reassured financial markets that a rescue plan would come to the House floor soon. "Please be assured that we will have a package that will speak to the issue in a very substantial way to send a message to the markets of our seriousness," Pelosi said at a press conference. The plan of throwing $700 billion at a problem cannot possibly work. What's worse is the structured $700 billion is a mere down payment.
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Thursday, September 25, 2008
America's Financial Apocalypse / Politics / Financial Crash
By: Mike_Stathis
What Can YOU Do as an American?
Wake Up - My advice is to find some people who you trust; those with proven track records, those who are not tied to the television shows. Figure it out. You are only going to be misled by the mainstream media. They will only come clean after it is too late, fooling you into thinking they actually warned you in a timely manner. But as you can see, this is simply not a reflection of reality. That is how the dotcom charade worked and that is how this one if playing out. It's game that is played. Stop being played and become a player.
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Thursday, September 25, 2008
Urgent Financial Crisis Appeal : Recapitalize Financial Institutions Rather than Bail Out Debt / Politics / Credit Crisis Bailouts
By: Axel_Merk
In the coming days, Congress may authorize $700 billion to buy bad debt from financial institutions. Even if all challenges of the plan were to be overcome, the plan does not address one of the fundamental reasons why credit markets don't function properly: the under-capitalization of financial institutions. Under-capitalized financial institutions may seek to repair their balance sheet rather than engage in lending activities. Read full article... Read full article...
Thursday, September 25, 2008
How to End the Credit Crisis at No Cost to US Taxpayers / Politics / Credit Crisis Bailouts
By: Money_Morning
Shah Gilani writes: While it's clear from the current credit crisis that our financial system is at a critical juncture, it's just as clear that there's no agreement over how we should fix the problems we face. The reality is that neither the plan put forth by U.S. Treasury Secretary Henry M. "Hank" Paulson Jr . - nor any of the addendums offered up by Congress or the lobbyists - will resolve this crisis.
The key culprits are the structured financial products that reside on the balance sheets of banks, dead investment banks, insurance companies, hedge funds and all manner of other duped and unsuspecting investor entities worldwide , as well as the proliferation of the unregulated $62 trillion credit default swaps (CDS) market.
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Thursday, September 25, 2008
Bush Speech Financial Crisis NightMare for American Taxpayers- Act Now! / Politics / Credit Crisis Bailouts
By: Mike_Shedlock
In case you missed Bush's speech you can see it in this MSNBC Clip . This is a critical juncture. We absolutely need your help for another massive Fax-In, Phone In.Read full article... Read full article...
Wednesday, September 24, 2008
How to save the US Taxpayer $700 Billion and the Failure of "Mark to Market" / Politics / Credit Crisis Bailouts
By: Andrew_Butter
So that's the BIG PLAN unveiled to the Senate Banking Committee yesterday, put the assets that you don't want to "Mark to Market" in quarantine, and save them for a rainy day.
OK that buys time, but (a) at what cost and (b) who knows if $700 billion will be enough? Some people say it will take $5 Trillion.
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Wednesday, September 24, 2008
Fascist Business System Breeds Corruption & Receivership / Politics / Credit Crisis Bailouts
By: Jim_Willie_CB
The United States has transformed itself, the most radical degraded aspects having occurred in the last eight years. Many might object or cringe at repeated mention of the Fascist Business Model implemented by the Clinton Administration, and carried to extreme by the Bush II Administration. It is a harsh departure from Beacon of Freedom. Too bad, fact of life! This merger of state and big business in the midst of a climax, the biggest display of exported financial toxin in modern history, and the disintegration of the financial structure for the nation owning the world reserve currency. Read full article... Read full article...
Wednesday, September 24, 2008
Bailout Atrocity- Ron Paul Says "Call Your Congress Member Now!" / Politics / Credit Crisis Bailouts
By: Mike_Shedlock
In a Letter from Ron: Time is running out Ron Paul is urging everyone to "Call Them!".
With a Rasmussen poll finding support for the bailout at an anemic seven percent, some members of Congress are afraid to vote for it. Call them! Let them hear from you! Tell them you will never vote for anyone who supports this atrocity.
Wednesday, September 24, 2008
Wall Streets Trillion Dollar Swindle / Politics / Credit Crisis Bailouts
By: Mike_Whitney
On Friday morning, Senator Christopher Dodd, the head of the Senate Banking Committee, was interviewed on ABC's “Good Morning America.” Dodd revealed that just hours earlier at an emergency meeting convened by Secretary of the Treasury Henry Paulson and Federal Reserve chairman Ben Bernanke, lawmakers were told that "We're literally maybe days away from a complete meltdown of our financial system.” Dodd added somberly, that in his three decades of serving in public office, he had "never heard language like this.” Read full article... Read full article...
Wednesday, September 24, 2008
Congress Being Blackmailed into Signing a Blank Check / Politics / Credit Crisis Bailouts
By: John_Browne
Last week, Treasury Secretary Paulson and Fed Chairman Ben Bernanke faced Congressional leaders with a reported forecast that we are “literally days away from a complete meltdown of our financial system.” Apparently, the politicians were stunned into a long silence. Read full article... Read full article...
Wednesday, September 24, 2008
The New President and the Global Landscape: Obama's Foreign Policy Stance / Politics / US Politics
By: STRATFOR
George Friedman writes: Barack Obama is the Democratic candidate for president. His advisers in foreign policy are generally Democrats. Together they carry with them an institutional memory of the Democratic Party's approach to foreign policy, and are an expression of the complexity and divisions of that approach. Like the their Republican counterparts, in many ways they are going to be severely constrained as to what they can do both by the nature of the global landscape and American resources. But to some extent, they will also be constrained and defined by the tradition they come from. Understanding that tradition and Obama's place is useful in understanding what an Obama presidency would look like in foreign affairs. Read full article... Read full article...
Wednesday, September 24, 2008
Bernanke and Paulson Hoodwink American Tax Payers Into Buying Crap / Politics / Credit Crisis Bailouts
By: Brady_Willett
The Treasury Secretary Paulson and Fed Chairman Bernanke bailout plan calls for $700 billion in taxpayer funds to be used to purchase assets that will in all likelihood be worth considerably less in the future. As for the contention that the assets to be purchased could be worth more in the future than prices paid today, if there was any validity to this speculation the bailout plan in question would not be required as the assets in question would have already found a buyer. Read full article... Read full article...
Wednesday, September 24, 2008
US Government Financial Crisis Misinformation / Politics / Credit Crisis 2008
By: EWI
Three Questions The Government Doesn't Want You To Ask About the Financial Crisis And 3 Shocking Answers!
Bob Prechter, President of Elliott Wave International (EWI), is no stranger to challenging the status quo. His New York Times bestseller, Conquer the Crash , was published in 2002 before anyone was even talking about the current financial crisis.
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Tuesday, September 23, 2008
US Treasury Bailout Auction Scam and How To Stop It / Politics / Credit Crisis Bailouts
By: Mike_Shedlock
As more and more details of the Paulson proposal become clear, the smellier the package is.
Today Bernanke admitted the Treasury has no intention of conducting a true reverse auction. Inquiring minds are considering Fed Chairman Bernanke Clarifies Government's $700 Billion Proposal .
"I believe that under the Treasury program, auctions and other mechanisms could be designed that will give the market good information on what the hold-to-maturity price is for a large class of mortgage-related assets. If the Treasury bids for and then buys assets at a price close to the hold to maturity price, there will be substantial benefits," said Bernanke.
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Tuesday, September 23, 2008
The Paulson Bail-Out Plan is Mortgage Fraud on Historic Scale? / Politics / Credit Crisis Bailouts
By: Richard_C_Cook
The $750 billion banking system bailout proposed by Secretary of the Treasury Henry M. Paulson met with a cool reception on Capitol Hill this morning at a hearing of the Senate Banking Committee. Nevertheless, a bill is likely to pass both houses of Congress within the next couple of weeks. As Senator Tim Johnson (D-SD) said, it's “a necessary evil.” But is it also an example of “mortgage fraud” on a historic scale? Read full article... Read full article...