Posted by AzBlueMeanie: Greg Gordon and Kevin G. Hall report for McClatchy Newspapers Regulatory reports show 5 biggest banks face huge loss risk: WASHINGTON — Five of America's largest banks, several of which already have received $145 billion in taxpayer bailout dollars, still face potentially catastrophic losses from exotic investments if economic conditions substantially worsen, … Read more
Posted by AzBlueMeanie: CNBC prima donna Jim Cramer took exception to The Daily Show putting the red-ass on CNBC last week. Of course, Cramer made it all about him. So Jon Stewart responded as only Stewart can do. On successive nights this week, Jon Stewart has done a segment on Jim Cramer and his faux … Read more
Posted by AzBlueMeanie: Keith Olbermann delivers an excellent summary of how Wall Street bankers corrupted the financial regulatory scheme put in place by FDR after the last time Wall Street bankers destroyed our economic system with their unbridled greed. With the help of Republicans and Democrats alike in the White House and Congress, these wanker … Read more
Posted by AzBlueMeanie: Shantytowns formed in cities across the United States in the 1930s, built by people made homeless by the Great Depression. The areas, like this one in Seattle, were nicknamed Hoovervilles because their inhabitants blamed President Herbert Hoover for their plight. On Monday, our millionaire newscasters suddenly discovered the plight of the "newly … Read more
by David Safier Last night, I went to an uneventful town hall with Al Melvin. Pretty boilerplate stuff. No real surprises. But one piece of boilerplate stuck with me. Melvin talked about the billions that will be floating Arizona's way courtesy of Obama's Stimulus Package. He seemed pretty pleased about it. There aren't too many … Read more