tag:blogger.com,1999:blog-7895164153505105997.post7364733598072082680..comments2024-01-17T00:45:37.075-08:00Comments on Bud Meyers: $700 Billion TARP, Just the Tip of the IcebergBud Meyershttp://www.blogger.com/profile/02065020063363023395noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-7895164153505105997.post-58915879065742423392011-07-30T18:33:44.750-07:002011-07-30T18:33:44.750-07:00Hypocrites, because their radical free market ideo...Hypocrites, because their radical free market ideology, and the resulting total deregulation of the financial markets, is what caused the debt to spiral out of control this last decade. That and the wars George W. Bush launched but didn't have the integrity to responsibly finance. The consequence was a banking bubble and crash leading to a 50 percent run-up of the debt that has nothing to do with the "entitlements" that those same Republicans have always wanted to destroy.<br /><br />http://www.truth-out.org/debt-madness-was-always-about-killing-social-security/1311860216Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7895164153505105997.post-83957588924984840072011-07-30T18:31:07.522-07:002011-07-30T18:31:07.522-07:00Phil Angelides, chair of the Financial Crisis Inqu...Phil Angelides, chair of the Financial Crisis Inquiry Commission, notes that 24 million Americans lack work and nearly $9 trillion in household wealth has vanished since the 2008 economic crisis. The commission's January report detailed "the recklessness of the financial industry and the abject failures of policymakers and regulators that brought our economy to its knees in late 2008."<br /><br />http://www.truth-out.org/america-held-hostage-two-party-failure-government-and-corporations/1311345019Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7895164153505105997.post-38855820721298756262011-07-30T14:45:33.708-07:002011-07-30T14:45:33.708-07:00It's no coincidence that the big banks, insura...It's no coincidence that the big banks, insurance companies, and investment firms were some of the largest tenants at the World Trade Center, and were targeted by Al Qaeda on 911.<br /><br />Salomon Smith Barney 1,202,900 square feet (Bldg 7)<br />Morgan Stanley 840,000 square feet (Bldg 2)<br />Morgan Stanley 325,200 square feet (Bldg 5)<br />Deutsche Bank 273,991 square feet (Bldg 4)<br />Oppenheimer Funds 231,000 square feet (Bldg 1)<br />Credit Suisse First Boston 179,244 square feet (Bldg 5)<br />Verizon Communications 155,490 square feet (Bldg 2)<br />Bank of America 132,586 square feet (Bldg 1)<br />American Express 106,117 square feet (Bldg 7)<br />Lehman Brothers 45,100 square feet (Bldg 1)Bud Meyershttps://www.blogger.com/profile/02065020063363023395noreply@blogger.comtag:blogger.com,1999:blog-7895164153505105997.post-3707944700094103132011-07-30T14:19:22.824-07:002011-07-30T14:19:22.824-07:00Before we had a "central bank" (the Fede...Before we had a "central bank" (the Federal Reserve), when independent banks printed their own bank notes, if one bank had failed, the damage was more local. Now American taxpayers are propping the "Global Central Bank" (the Federal Reserve). Greek worker's pensions were being financed by American taxpayers; now American taxpayers are at risk of losing their own Social Security pensions to prop up the Global Central Bank.Bud Meyershttps://www.blogger.com/profile/02065020063363023395noreply@blogger.com