Tag Archives: TARP

Perpetual Ponzi Scheme

Posted on January 12, 2013 by Arlen Grossman

SECRETS AND LIES OF THE BAILOUT The federal rescue of Wall Street didn’t fix the economy – it created a permanent bailout state based on a Ponzi-like confidence scheme. And the worst may be yet to come By Matt Taibbi/ … Continue reading →

Posted in Barack Obama, Economics, economy, finance, government, inequality, taxes, Wall Street | Tagged , , , , , , , , , , , , | Leave a comment

The Fed and Its Friends

Posted on July 29, 2012 by Arlen Grossman

A new book by Neil Barofsky, former Inspector General of the TARP program criticizes President Obama, Treasury Secretary Tim Geithner, and federal regulators for working in the interests of Wall Street at the expense of distressed homeowners and the public. … Continue reading →

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“On Election Day, whoever wins, we lose.”

Posted on September 30, 2011 by Arlen Grossman

The Men We Trusted to Lead Us by Robert Scheer Truthdig, Sep 28, 2011 Now he tells us. On Wednesday Federal Reserve Chairman Ben Bernanke referred to the nation’s unemployment rate as a “national crisis,” an obvious if depressing fact of life … Continue reading →

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The Fed’s Unprecedented Generosity

Posted on August 18, 2011 by Arlen Grossman

Here is what the Federal Reserve didn’t want you to know: They helped large banks and other corporations out of a terrible jam. Sounds like a nice thing to do. Why wouldn’t they want us to know that? Thanks to … Continue reading →

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The Death of Capitalism?

Posted on August 5, 2011 by Arlen Grossman

Are we watching the death throes of Capitalism? Communism collapsed in 1991 with the fall of the Soviet Union. Capitalism was right there to scoop up what was left and move in. Capitalism went on a rampage for many years … Continue reading →

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