Last week the U.S. Department of Justice announced the formation of the new Financial Fraud Enforcement Task Force. Among other things, this task force is charged with bringing to justice those individuals who caused the worldwide economic collapse. Ummm… OK. So…does that mean that nobody was minding the store before this? Does this mean that [...]
Posts Tagged ‘economic meltdown’
Will the Real Perpetrators of the Meltdown Ever Be Prosecuted?
Posted in Economy, Government, Life, Thoughts, World Affairs, politics, tagged banks, Department of Justice, economic meltdown, liar loans, mortgage fraud, secondary mortgage market, toxic mortgages on November 25, 2009 | 2 Comments »
Too Big To Fail: The Big Bank Lie
Posted in Economy, Government, Life, Thoughts, World Affairs, politics, tagged Bailout, banks, Capitalism, economic meltdown, George Bush, recession, TARP on November 24, 2009 | Leave a Comment »
About a year ago, when it looked like the world was about to end and the economies of countries around the world were beginning to melt away like a Salvador Dali painting, the leaders of the U.S. government, i.e. President Bush and Treasury Secretary Paulson told us that we had only days, maybe only minutes, [...]
Can A New Housing Bubble Rescue Our Economy?
Posted in Economy, Government, Life, Thoughts, World Affairs, politics, tagged banks, Congress, economic meltdown, Economic Stimulus, mortgages, tax credits on November 6, 2009 | Leave a Comment »
It was Albert Einstein who said that the definition of insanity is, “doing the same thing over and over again and expecting different results”. Congress has now passed legislation that will extend the first time home buyer tax credit deal – that’s the one that encourages people to buy a house now so they [...]
The European Union – A Model for America?
Posted in Economy, Government, Life, Technology, Thoughts, World Affairs, politics, tagged Canada, East Asian Union, economic meltdown, European Union, Lisbon Treaty on November 5, 2009 | Leave a Comment »
With the ratification of the Lisbon Treaty, the handwriting on the wall is now becoming legible. The structure of the world’s national governments will be changing in the near future. This change is inevitable and simply follows the lead of businesses in becoming multinational organizations. Many American businesses are now multinational and they use their [...]
Is the U.S. Stock Market Being Manipulated?
Posted in Economy, Government, Life, Thoughts, World Affairs, tagged economic meltdown, nouriel roubini, stock market on October 30, 2009 | 2 Comments »
There have been many articles and books written about the cause of the Stock Market Crash of 1929. As in many manmade disasters it can be difficult to determine THE CAUSE because there are in fact multiple causes which combine to generate the eventual catastrophe. Many so-called experts like to point to one cause or [...]