Analysis Topic: Politics & Social Trends
The analysis published under this topic are as follows.
Wednesday, March 18, 2009
The Mantra of Cutting Wasteful Government Spending Against Reality of Stimulus Spending / Politics / Economic Stimulus
By: John_Browne
Last weekend, Ben Bernanke took an unprecedented gamble for a sitting Fed Chairman: he granted a long-form interview to 60 Minutes, America's most watched news program. There can be no doubt that the interview came about as the result of a coordinated strategy between the Obama Administration and the Federal Reserve. But was the decision to offer the public a rare look at the inner workings of the central bank an act of resolution or desperation?Read full article... Read full article...
Wednesday, March 18, 2009
Geithner Yet Another Incompetent U.S. Treasury Appointment / Politics / US Politics
By: Mike_Shedlock
It's clear to everyone that Treasury Secretary Geithner is in over his head and has no idea what he is doing. He should be fired. Instead the administration wants to give him help.Read full article... Read full article...
Wednesday, March 18, 2009
Mark-to-Market Isn't the Problem / Politics / Credit Crisis 2009
By: Mike_Stathis
It seems as if many have been fooled by those supporting the banks. The general argument that has been made is that mark-to-market accounting has been largely responsible for the banking mess since it creates price transparency for assets held on the books daily. Given the problems in real estate, mark-to-market has been particularly harmful to mortgage-backed securities. Therefore, as the argument continues, we should eliminate, suspend or revise mark-to-market rules because the price transparency it offers is not necessarily indicative of asset values. Finally, removing mark-to-market would help rescue the banks. I challenge these views. Read full article... Read full article...
Wednesday, March 18, 2009
AIG Larry Summers and the Politics of CDS Deflection / Politics / Credit Crisis 2009
By: F_William_Engdahl
Finally US authorities have gotten ‘tough' with the predator financial institutions. The world has been waiting for such decisive intervention since an unending series of Government bailouts of financial institutions began early in 2008 amounting to now trillions of taxpayer dollars. Now, with the world's largest insurance giant, AIG, the White House Economic Council chairman, Larry Summers has expressed ‘outrage.' President Obama himself has entered the fray to promise ‘justice.' US Senators have threatened a law to change the injustice. The only problem is they are all exercising ‘politics of deflection,' taking attention away from the real problem, the fraudulent bailout. Read full article... Read full article...
Tuesday, March 17, 2009
Cramer Vs Stewart - The Daily Show Brawl Street Showdown / Politics / Mainstream Media
By: Nadeem_Walayat
The long awaited showdown between comedian Jon Stewart and the bigger Comedian Jim Cramer. Cramer cringes as Stewart refers to them both as snake oil salesmen. Read full article... Read full article...
Tuesday, March 17, 2009
AIG Bailout: The Real Message / Politics / Credit Crisis Bailouts
By: Guy_Lerner
In his letter to Treasury to justify bonuses paid to AIG employees, government appointed chairman Edward M. Liddy states:Read full article... Read full article...
Tuesday, March 17, 2009
Wall Street and London’s Attempt to Destabilize the Euro, EU Banking System / Politics / Euro-Zone
By: Submissions
According to LEAP/E2020, there are only two options left for the G20 leaders who gather next April 2nd in London: either they rebuild a new international monetary system, creating the conditions for a new global system that involves all the main global players, and reducing the crisis to a maximum of 3 to 5 years; or they strive to prolong the current system, thrusting the world into a decade long tragic crisis starting at the end of 2009.
Tuesday, March 17, 2009
Robert Prechter on the Financial Crisis 30 Minute Video / Politics / Credit Crisis 2008
By: EWI
I want to share with you a FREE 30-minute video that might just change the way you think about government's response to the unfolding financial crisis. Please learn more below or get access to the video now . Read full article... Read full article...
Tuesday, March 17, 2009
Shadow Fed Agencies Threaten Solvency of U.S. Banking System / Politics / Credit Crisis 2009
By: Money_Morning
Shah Gilani writes And it's the next potential hot spot in the ongoing financial crisis. But few outside the Federal Home Loan Bank system, the Federal Deposit Insurance Corp . (FDIC) the U.S. Federal Reserve and the U.S. Treasury Department are remotely aware of the problems that are smoldering. Read full article... Read full article...
Tuesday, March 17, 2009
The Financial Sector: "A House Burning Down" / Politics / Credit Crisis 2009
By: Global_Research
Ben Bernanke’s False Analogy - Prof. Michael Hudson writes: On the March 15 CBS show "60 Minutes", Federal Reserve Chairman Ben Bernanke used a false analogy already popularized by President Obama in his quasi-State of the Union Speech. He likened the financial sector to a house burning down – fair enough, as it is destroying property values, leading to foreclosures, abandonments, stripping (for copper wire and anything else recoverable) and certainly a devastation of value. The problem with this analogy was just where this building was situated, and its relationship to "other houses" ( e.g ., the rest of the economy). Read full article... Read full article...
Tuesday, March 17, 2009
The Federal Reserve is Bankrupt / Politics / Central Banks
By: Global_Research
How Did It Happen and What are the Ugly Consequences?
Matthias Chang writes: The Federal Reserve is bankrupt for all intents and purposes. The same goes for the Bank of England! This article will focus largely on the Fed, because the Fed is the "financial land-mine".
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Tuesday, March 17, 2009
Bernanke's TALF Witness Protection Program / Politics / Credit Crisis Bailouts
By: Mike_Whitney
Fed chief Ben Bernanke's new funding facility is a real doozy. In fact, if the Term Asset-Backed Loan Facility or TALF, which is set to launch on Thursday, doesn't convince the American people that it's time to take a wrecking ball to the Central Bank and start over, than nothing will. Bernanke and his co-conspirator at Treasury, Timothy Geithner, are planning to revive the shadow banking system by dumping $2 trillion into the same over-leveraged, derivatives-based garbage that blew up the financial system in the first place. All the blabbering about a "good bank-bad bank" remedy appears to have been a diversion. This is how Bloomberg sums it up: Read full article... Read full article...
Monday, March 16, 2009
Jon Stewart & Jim Cramer's Staged Theatrics / Politics / Mainstream Media
By: Mike_Stathis
I won't go into any type colorful description of the “showdown” between Jon Stewart and CNBC's Kim Cramer. If you're reading this you already know about it. What I want to talk about is the fact that this “highly anticipated showdown” was staged. In fact, it was the media that made it “highly anticipated.” It was the Hollywood theatrics used by the producers of both shows that made it a “showdown.” And chances are you feel for it.Read full article... Read full article...
Monday, March 16, 2009
Another Publicity Stunt by Obama and Geithner / Politics / Credit Crisis Bailouts
By: Mike_Stathis
It's been endless. Ever since Obama has entered office, he has continued to fool Americans by expressing his “outrage” and “shamefulness” of these ridiculous taxpayer-funded banking bonuses. Yet, the fact is that Obama has been playing naïve Americans. It's all an act designed to convince you he's mad. Yet, he has done nothing, proving what a puppet he really is. When will this charade end?Read full article... Read full article...
Monday, March 16, 2009
Obama Battling Against the Forces of Casino Capitalism / Politics / US Politics
By: Submissions
Ralph Nader writes: Indicators of avoidance are what come to mind while absorbing the various rescue, recovery, stimulus and guarantee programs coming out of the Obama Administration to slow and reverse a splintering and shattering economy. If the Obamites do not act now when the political time is ripest, to put into motion forces of deterrence and prevention, the casino capitalists of tomorrow will again be able to de-stabilize our economy. Read full article... Read full article...
Monday, March 16, 2009
The FDIC Depositor Insurance: as Rock Solid as Social Security / Politics / US Politics
By: Michael_Pento
We all should be painfully aware by now that there is nothing held inside the Social Security and Medicare trust funds but a bunch of IOUs. Monies collected from payroll taxes are treated as general revenues and used in the “unified budget.” But how many of us are aware that the FDIC's Deposit Insurance Fund works in a similar fashion?Read full article... Read full article...
Monday, March 16, 2009
America's Next Revolution, the People Seize Control of Economic Resources / Politics / US Politics
By: Mike_Whitney
My email exchange with Dr. Bede Vincent Curley
Mike Whitney: I have been beating the same dead horse for three or four years now and many people are getting tired of the endless iterations of collapsing markets, rising unemployment and growing pessimism. What's needed is a vision of the future and a concrete plan of action, but I don't have one. So, tell me, what is to be done?
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Sunday, March 15, 2009
G-20 Summit a Complete Waste of Money / Politics / Economic Stimulus
By: Mike_Shedlock
Those who expected much of anything to come out of this G-20 meeting were mistaken. The bottom line is that every country is going to do what it wants, and unfortunately most of them have agreed to do the wrong thing which is to stimulate lending. In addition, a fight of sorts as broken out between the US and EU over additional stimulus proposals. With that backdrop let's take a look at some snips from G-20 pledge sustained action on financial crisis .
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Friday, March 13, 2009
Eureka! Creative Accounting Solves Banking Crisis! / Politics / Credit Crisis 2009
By: Money_and_Markets
Mike Larson writes: Who knew it would be so easy? Who knew we could solve the banking industry's collapse by simply changing how we account for assets. Eureka! Problem solved!
That seems to be the conclusion Wall Street came to earlier this week, judging by the reaction to Fed Chairman Ben Bernanke's comments at the Council on Foreign Relations on Tuesday. During that speech, Bernanke weighed in on “mark to market” accounting, saying the following:
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Friday, March 13, 2009
The Militarization and Annexation of North America / Politics / US Politics
By: Stephen_Lendman
The title refers to the Security and Prosperity Partnership of North America (SPP), also known as the North American Union - formerly launched at a March 23, 2005 Waco, Texas meeting attended by George Bush, Mexico's President Vincente Fox, and Canadian Prime Minister Paul Martin. It's for a tri-national agreement, below the radar, for greater economic, political, and security integration with secret business and government working groups devising binding policies with no public knowledge or legislative debate. Read full article... Read full article...
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