Wachovia

Now that the bailout didn’t change anything- Plan B anyone?

Without systemic change, nothing changed. The bailout was passed, and even despite protecting the wooden arrow manufacturing industry in the US, we’re still up the proverbial creek. The markets are unstable, irrational and the wild swings are more than markets can handle. The Wall Street Casino may as well have gone bust. It’s time to Read More

How your tax dollars are going to help the rich bastards that got us into this mess

The “banking bailout” is turning into just one more example of corporate welfare. In fact, the bill presented to Congress is almost terrifying in its scope and lack of oversight, giving the treasury secretary an open checkbook to buy assets from companies that have no right to still be in business. Read this post in Read More