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Tag Archives: wall street

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Worst and Best of the Bailout?

The thought that occurred to me most strongly is that the relative ethical worthiness of these corporations can’t be adequately judged with just a couple of different numbers describing limited aspects of their performance. On the other hand, it’s important to remember that each and every one of these corporations, even Capital One, has set itself apart by coming to the government with cap in hand, begging for money.

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Stock Market Opens Lower After Obama Accused of Marxism!

It’s bad enough that business journalists follow the Dow Jones Industrials Average as if it is a general economic indicator. If they’re going to make that mistake, the least they could do would be to stop pretending that they know why the price of the stocks in that index are really going up or down at any particular time.

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Oceanic Proportions Of The New AIG Bailout

An insurance company like AIG can be recreated. Coral reefs, once they’re destroyed, may not return for millions of years, if they ever come back. So, why is AIG getting such a big bailout, while NOAA, which protects the world’s oceanic resources, is getting a mere pittance?

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Bailout Banks Hide Money and Dole It Out For Executive Perks

It’s as if the bailout money was taken to support the wealth of a very small number of people who already had plenty of money to spend, instead of being used to help the overall system upon which most Americans depend. Yes, I’m getting a very as if feeling about this bailout.

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Workers Rally To Windows And Doors

This protest is about a lot more than just the Republic Windows and Doors company and the Bank of America failing to meet their obligations. It’s about the way that America has been cheated even while Wall Street has gotten billions and billions in bailouts.

Psst... what kind of person doesn't support pacifism?