What would you do if you learned that your government had outsourced its central banking function to a private company? Furthermore that this company had only a loose affiliation to the government, and that the government have very little oversight into this entity both in terms of controlling its behavior and being able to see [...]
Posts Tagged ‘Henry Paulson’
Unconstitutional Fed Makes International Banking Cartel Happy
Posted in Banking, Currency, Economic History, Economics, Misleading Financial Institutions, Videos, tagged Alan Grayson, CEPR.net, Goldman Sacks, Henry Paulson, Hoover Institute, Ron Paul, SEC on April 13, 2009 | 1 Comment »
How Much Can Obama Do Before He Would Be Assasinated?
Posted in Currency, Deliberately False Financial Information, Depression, Economic Regulation, Mortgages, Political Responsiveness, Videos, tagged Goldman Sacks, Obama, Henry Paulson, Larry Summers, Citibank, Money Creation on April 13, 2009 | 2 Comments »
There was a huge focus on change during the Obama presidential campaign. However, after being elected, Obama had the opportunity, or at least the perceived opportunity to bring in fresh blood into the senior posts. However, Obama decided to select the same people from previous administrations. This was extremely concerning, particularly for the cabinet positions [...]
What Happens During a Financial Crisis
Posted in Banking, Economic Bubbles, Economics, Real Estate, Stock Market, tagged Henry Paulson, Obama, SEC on February 11, 2009 | Leave a Comment »
We thought this was a good primer as to what we can expect in the coming years. It provides a historical perspective as to what happens during a financial crisis. Actually, it is likely that we can expect worse than this due to the size of the bubble on the upside combined with the utter [...]
Walking Away from Mortgages
Posted in Banking, Deliberately False Financial Information, Economic Regulation, Investment Advice, Mortgages, Real Estate, Videos, tagged CEPR.net, Henry Paulson on January 15, 2009 | 2 Comments »
(picture from http://boicemail.blogspot.com/2007/05/may-7-2007-newsletter.html) While banks are begging for and getting money to cover their losses, what has been must less discussed is whether homeowners will be offered debt relief. Henry Paulson, the Secretary of the Treasury has stated that the number one thing the government can do for the average American is “stabilize the banking [...]
Reverse the Bailout: Arrest and Prosecute Henry Paulson
Posted in Deliberately False Financial Information, Economics, Videos, tagged CEPR.net, Citibank, Dean Baker, Goldman Sacks, Henry Paulson, Michael Hudson, Naomi Klein, Obama on January 14, 2009 | 2 Comments »
As more information has come to light about the bailout it has become apparent that Secretary of Treasury Henry Paulson is non simply incompetent, as originally thought, but is acting in ways that are illegal and counter to the public interest. The effects of Paulson’s actions promise to negatively reverberate in this country for decades [...]
Independent Thinking Not Evident in Finance
Posted in Alternate Economic Philosophies, Economic Bubbles, Economic Regulation, tagged Dean Baker, Goldman Sacks, Henry Paulson on December 15, 2008 | Leave a Comment »
We found this post from Dean Baker extremely timely and interesting. What it points to is that we have a financial industry which is dedicated to creating asset bubbles, getting involved in more and more complex financial instruments, all of which have little bearing on producing real value. As for our advanced education system, it [...]
Letter to Senators on Financial Bail Out
Posted in Monopoly, Political Responsiveness, tagged Goldman Sacks, Henry Paulson on December 13, 2008 | 1 Comment »
The politicians are clearly not following the public will on the issue of the bail out. Furthermore, it appears that this financial crisis is being used to expropriate taxpayer money in addition to illegally changing tax law and further concentrating banking power in the country. We thought this was a well written letter from a [...]
Amazingly Ridiculous Propaganda on Goldman Sachs
Posted in Media Corruption, Videos, tagged Goldman Sacks, Henry Paulson on December 8, 2008 | Leave a Comment »
To believe this video, the corrupt money focused people who were instrumental in getting the US into this crisis, will help us get out of it. Not discussed is how Paulson illegally changed tax law to benefit his Wall St. friends, and how banks are already using the federal funds for purposes that violate the [...]