Foreign Banks borrowed extensively from Fed during the meltdown; aid to Dexia and Depfa needed to avoid munipal fiscal armageddon, stemming partially from Dexia’s apparent criminal activity.
Comment: There is a military slang acronym “BOHICA,” which stands for “Bend Over, Here It Comes Again.”
“Economists: Another Financial Crisis on the Way” by Matthew Jaffe; ABC News; 3/2/2010.
Even as many Americans still struggle to recover from the country’s worst economic downturn since the Great Depression, another crisis – one that will be even worse than [...]
Blackwater security outfit plots to kill whistleblowers; deadly pathogens missing from Ft. Detrick; viruses mutating to infect other species; the bailout hasn’t assured economic security and has made the institutions that are “too big to fail” even bigger.
Food Services Giant Sodexo’s scams cost taxpayers, school children big bucks; Timothy Geithner ignored U.S. Treasury bonds naked short selling; Swiss Banks joining AIG in offshore machinations.
Uncle Sam and The Swastika The Third Reich as historical outgrowth of multi-national corporate capitalism; the financing and arming of Nazi Germany. Read more »