Category Archives: Financial Meltdown

So close, yet so far

Jefferson Morley at Salon: In his new book, “Pity the Billionaire,” Tom Frank turns his mordant eye on the unlikeliest political development of the Obama presidency: how the crash of 2008 served to strengthen the political right. The deregulation of … Continue reading

Posted in 2010 Elections, 2012 Elections, Barack Obama, Crony Capitalism, Democratic Party, Economy, Financial Meltdown, Republican Party, Tea Party | Tagged | 6 Comments

Bunker mentality

Democrats Dare Not “Abandon” the White Working Class It’s an enduring myth of modern American politics that the white working class is what stands between Democrats and a majority. Even before the character of Archie Bunker became a liberal scapegoat … Continue reading

Posted in 2012 Elections, Barack Obama, Democratic Party, Economy, Financial Meltdown, Politics, Sarah Palin, Wall Street Banks | Tagged , | 28 Comments

Gratuitous Clinton Bashing

Even though it’s been out for a couple months now, Dan Froomkin decided to bring up Ron Suskind’s Confidence Men again: In the book, Suskind describes how Obama made the conscious choice to staff his economic team with former Clinton … Continue reading

Posted in Barack Obama, Financial Meltdown, Wall Street Banks | Tagged , | 16 Comments

Bloomberg FOIA suit reveals Massive Secret Fed Loans

You have to click on this jaw-dropping article to see the interactive graphic that shows which bank got how much, and to read how the Fed and our favorite Money Men gave banks billions without Congress having a clue. Secret … Continue reading

Posted in Corruption, Economy, Financial Meltdown | Tagged | 28 Comments

Poor Baby

The new Mitt Romney Ad: I’m no fan of Mitt Romney, but he may actually have an idea of what it would take to unseat Obama. The ad itself is pretty boiler plate stuff about how he’ll fix everything and … Continue reading

Posted in 2012 Elections, 2012 GOP Primary, Barack Obama, Democratic Party, Financial Meltdown, Mitt Romney | 8 Comments

Finally! Occupy Congress

Next up: `Occupy Congress’ One of the enduring questions about Occupy Wall Street has been this: Can the energy unleashed by the movement be leveraged behind a concrete political agenda and push for change that will constitute a meaningful challenge … Continue reading

Posted in 2012 Elections, Barack Obama, Crony Capitalism, Financial Meltdown, Occupy Wall Street, OWS, Uncategorized, Zombies | Tagged | 31 Comments

Sacred Tropes and Right-Wing Cows

Sister Toldjah: Remember when Barack Obama was upset at the bonuses paid to AIG execs? […] When the bubble burst in 2007, Fannie and Freddie began to lose billions of dollars of investments in mortgage-backed securities (MBS) guarantees. In September … Continue reading

Posted in 2012 Elections, Barack Obama, Corruption, Crony Capitalism, Democratic Party, Financial Meltdown, Housing Bubble, Politics, Racism, Republican Party, Uncategorized, Wall Street Banks | Tagged | 36 Comments

Why did they foreclose?

Occupy Atlanta Encamps In Neighborhood To Save Police Officer’s Home From Foreclosure Occupy Atlanta has repeatedly run into hurdles, as it has been evicted from Woodruff Park in Atlanta multiple times by the city’s unsympathetic mayor, Kasim Reed. Yet the … Continue reading

Posted in Financial Meltdown, Housing Bubble, Occupy Wall Street, OWS, Uncategorized | Tagged | 27 Comments

Where did the money go?

Let’s say it’s 1986, you’re in your mid-twenties and you and your spouse decide to buy a home for you and your two young children. You live in a medium-large city and you both have good jobs. With a little … Continue reading

Posted in Barack Obama, Financial Meltdown, Housing Bubble, Occupy Wall Street, OWS, Uncategorized, Wall Street Banks | Tagged , | 39 Comments