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Browsing All posts tagged under »Bailout«

Beginning The 'Great Reset' In America

January 13, 2010

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Today is the first day of the 2010 legislative session for the Maryland General Assembly. The state of Maryland, along with most of its counties and local governments, is at a point of financial reckoning. Maryland is not alone. Almost every other state is in the same predicament, or worse. It is possible that California […]

Fat-Cat Bankers Snub President Obama

December 14, 2009

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On Sunday, President Barack Obama said, “I did not run for office to be helping out a bunch of fat-cat bankers on Wall Street.” On Monday, the fat-cat CEOs, who are still employed and still getting their fat bonuses, thanks to a bailout from the U.S. government, had only a 75 percent attendance rate for […]

WBAL’s Ron Smith and PBS’ Bill Moyers Singing From The Same Hymnal?

April 8, 2009

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“Talk-show Man” Ron Smith devoted a good portion of his WBAL show (am 1090) yesterday to the theme, “It’s Fraud, Not Incompetence.” Mr. Smith played extensive excerpts from Bill Moyers’ Apr. 3 interview on PBS with William K. Black, a senior regulator in the 1980’s Savings and Loan investigation. Mr. Black is an expert on […]

Wall Street Wants Status Quo; Main Street Wants Change

March 22, 2009

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Who can say where this economic crisis, including the near collapse of the banking system, will end, or how long it will last? Remember that a year ago, most of the highest government and business leaders had full faith and confidence in the global economy, the markets, and the over-leveraged banks. Most of our government […]

The Truing of American Capitalism

March 20, 2009

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The wailing and gnashing of teeth emanating from Wall Street, and parroted by Republicans on Capitol Hill, is hurting my ears. The uproar over executive bonuses is loud but disingenuous! Look, the game is up! The bubble has burst, the market has crashed, the economy is in crisis. Capitalism has run wild. The people want […]

Wall Street On Battle Alert For Class Warfare

January 30, 2009

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Erin Burnett on CNBC: “It is clear that there is a war going on in this country against Wall Street.” Oh my! President Barack Obama announced a Middle-Class Task Force today, to be chaired by Vice President Joe Biden. Obama, who chided Wall Street yesterday for taking $18 billion in bonuses in the middle of […]

Universal Health Care For the Automobile Industry

November 19, 2008

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The Answer is:  A universal health care demonstration project. The Question is: What kind of assistance should Congress give to the embattled U.S. automobile industry? The Big Three, General Motors, Ford, and Chrysler, appear to be no longer economically viable, no longer able to compete with foreign automakers. Congress is engaged in a national exercise of hand-wringing […]