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Tag Archives: bailout
Rumors of New Bank Bailouts in Spain
Rumors of New Bank Bailouts in Spain Just when the government touts its miracle economy! Spain will hold do-or-die general elections on December 20. The Rajoy government hopes that recent improvements in economic performance will be enough to cast its gargantuan political scandals to the back of voters’ minds. The economy is firing on all cylinders, […]
The IMF Joins the New Cold War
The IMF Joins the New Cold War On December 8, the IMF’s Chief Spokesman Gerry Rice sent a note saying: “The IMF’s Executive Board met today and agreed to change the current policy on non-toleration of arrears to official creditors. We will provide details on the scope and rationale for this policy change in the […]
Europe’s Banks Are Still Drowning in Bad Loans
Europe’s Banks Are Still Drowning in Bad Loans A “Major Concern” The European Banking Authority EBA, which (we guess) is fighting for its survival after the ECB has become the sole supervisor of Europe’s “systemically relevant” banks, has recently issued a comprehensive report on the European banking system (this included the unintended revelation that its […]
“Social Explosion” Begins In Greece As Massive Street Protests Bring Economy To A Fresh Halt
“Social Explosion” Begins In Greece As Massive Street Protests Bring Economy To A Fresh Halt One thing that became abundantly clear after Alexis Tsipras sold out the Greek referendum “no” back in the summer after a weekend of “mental waterboarding” in Brussels was that the public’s perception of the once “revolutionary” leader would never be […]
Treasury Warns Of “Humanitarian Crisis” In Puerto Rico If Congress Does Not Agree To Bailout
Treasury Warns Of “Humanitarian Crisis” In Puerto Rico If Congress Does Not Agree To Bailout “Puerto Rico is not Greece“… but it increasingly looks like it will be in a few weeks, thanks to US taxpayers who are about to foot the bill for yet another creditor bailout. As we reported last night, creditors of the […]
Game-changing 19-minute video: Fed transcript proves open criminal admission of fraud worth trillions
Game-changing 19-minute video: Fed transcript proves open criminal admission of fraud worth trillions John Titus, engineer and lawyer, writer and producer of Bailout, with YouTube channel of BestEvidence,read the latest Federal Reserve Open Market Committee meeting transcript (always delayed for five years), and discovered full admittance of financial fraud by the Fed in trillions of dollars. John explains: BestEvidence’s newest […]
Leaving the Eye of the Hurricane
Leaving the Eye of the Hurricane In the early 2000’s, there were those economists and investors who believed that the U.S. was headed for an economic fall – that the repeal of the Glass-Steagall Act in 1999 would allow the financial institutions to enter into widespread reckless loan practices that would lead to a housing […]
When it Really Mattered, Ben Bernanke Coddled, Protected & Bailed Out Financial Criminals
When it Really Mattered, Ben Bernanke Coddled, Protected & Bailed Out Financial Criminals Most of you will have seen Ben Bernanke’s recent crocodile tears regarding how he wished more individuals were held responsible, for you know, destroying the American middle class and handing over the nation to a handful of criminal oligarchs. As David Dayen notes, he […]
The City’s stranglehold makes Britain look like an oh-so-civilised mafia state
The City’s stranglehold makes Britain look like an oh-so-civilised mafia state Dodgy donations, misselling, trading scandals, tax evasion: wherever you sniff, something stinks ‘The financial sector exploits an astonishing political privilege: the City of London is the only jurisdiction in the UK not fully subject to the authority of parliament.’ Illustration: Sébastian Thibault Be reasonable […]
Third Greek Bailout Suddenly In Jeopardy: Creditors Warn Cash May Be Delayed If Elections Don’t Go As Desired
Third Greek Bailout Suddenly In Jeopardy: Creditors Warn Cash May Be Delayed If Elections Don’t Go As Desired Just when everyone was convinced that the main “risk off” event of the summer, namely the Greek bailout, was safely tucked away and that having abdicated its sovereignty to its creditors and Germany in particular, who now […]
Tsipras Reportedly Set To Step Down, Call Snap Elections As Early As Today
Tsipras Reportedly Set To Step Down, Call Snap Elections As Early As Today As Greece struggled to seal the deal on its latest bailout agreement with creditors, it became abundantly clear that embattled PM Alexis Tsipras was going to have a difficult time preserving his coalition government. In short, the Syriza defections were mounting with […]
Only The Date Is Unknown
Only The Date Is Unknown The US and world economies are frauds that are coming unraveled. The Greek bailout is the most recent example of “kick the can down the road” solutions. The US housing bubble was an attempt to cover up/recover from the dot-com bust. Now the US is in a financial bubble engineered to recover […]
When the next crisis comes, which movements will seize the opportunity?
When the next crisis comes, which movements will seize the opportunity? You, too, could be caught in a situation where people are ready for an alternative, yet your group has none to offer. It’s understandable. We who work for change seem years away from convincing a critical mass of people that it is both stupid […]
