What if we saved the PEOPLE, instead of the banks?

Bloomberg has unveiled that the Fed  “Pumped” liquidity for 770 BILLIONS (*), to the American Banks, go get over the financial crisis. That is, they pushed a button and created value from thin air. They did it covertly, in a way that wouldn’t set the markets on High Alert mode. So, I’m wondering if, instead of giving [...]

Wall Street Transaction Tax Would Raise $350 Billion

WASHINGTON — A minuscule tax on financial transactions proposed by congressional Democrats would raise more than $350 billion over the next nine years, according to an analysis by the Joint Tax Committee, a nonpartisan congressional scorekeeping panel. The analysis was sent Monday to the offices of Sen. Tom Harkin (D-Iowa) and Rep. Peter DeFazio (D-Ore.), [...]

The End of the American Dream? It doesn’t “have” to be…

Songs for #OCCUPYTOGETHER

I always loved this song, and now, guys, it’s actual as if it was released today! Twenty-five years I’m alive here still Trying to get up that great big hill of hope For a destination I realized quickly when I knew I should That the world was made up of this brotherhood of man For [...]

A BANKER sings about “The global economy is about to crash”

GENEVA, Switzerland – Gorka Cruz, thirty-three years old id a Swiss Citizen. Banker. Nice voice, French accent, and the capacity of making some music, he has become the most known among the Geneva indignados. With his song “The global economy is about to crash” he is launching a very popular refrain, that is spreading among [...]

Banks cannot rely on taxpayers’ money to recapitalise themselves

Oct 22 (Reuters) – Banks cannot rely on taxpayers’ money to recapitalise themselves, Sweden’s Finance Minister said on Saturday ahead of a meeting of EU finance ministers that was due to discuss steps to strengthen the European banking system. “I think we should not use taxpayers’ money,” Anders Borg told reporters. “The guarantee system alone cannot solve [...]

This is my SON!

14 years old. The English teacher asks him to write what “Courage” means to him, and… GOOD BOY!  :-)

Derivatives: The $600 Trillion Time Bomb That’s Set to Explode

 By: Keith Fitzgerald Do you want to know the real reason banks aren’t lending and the PIIGS have control of the barnyard in Europe? It’s because risk in the $600 trillion derivatives market isn’t evening out. To the contrary, it’s growing increasingly concentrated among a select few banks, especially here in the United States. In [...]

The right answer to the debt crisis is simple

The right answer to the debt crisis is simple. And it only requires two steps. 1. Do not give bailouts to nations, even if that means they default. This isn’t good news if you bought, say, Greek or Portuguese bonds, but there are two big advantages of default. First, it means that the bailouts come to [...]

U.S. Bank Credit Risk Climbs

Credit-default swaps on U.S. banks climbed on concern that the slowing economy was weighing on financial institutions’ balance sheets after Goldman Sachs Group Inc. (GS) reported its second quarterly loss in 12 years. Contracts protecting the debt of the New York-based company increased 6 basis points to a mid-price of 375 basis points at 9:45 a.m. in New [...]