Things I Learned from a Socialist

[Octafish]

Trillions for Wall Street, Nothing for Main Street

Quantitative Easing Means Welfare for the Wealthy

Who Is Henry Paulson?

[Donnachaidh]

1. kickety kick kick

:kick:

[Octafish]

4. Enron VP tells Congress she feared for her life

Something else I learned from a socialist:

But media remains silent on Baxter "suicide"

Weird how fast Corporate McPravda fell on that story.

[defendandprotect]

10. Enron is now deeply buried for Congress and the corporate-press ...

[Octafish]

13. ENRON. It's all way in the past. For them.

For us, it's a different story.

The strange and convenient death of J. Clifford Baxter—Enron executive found shot to death

Thank goodness Mr. Martin's there to do some actual reportage.

[defendandprotect]

14. Thanks for the links on the testimony before Congress --

and details re Baxter --


And I'm sure our universities are including ENRON feedback in their lessons

on economics and capitalism -!!

:evilgrin:

[annabanana]

2. k&r

raw capitalism is poison

[Octafish]

5. The “dirty little secret” of the US bank bailout

Here's an example from way back in '08 of how poisonous things have bcome:

The “dirty little secret” of the US bank bailout

by Barry Grey
wsws.org
27 October 2008

In an unusually frank article published in Saturday’s New York Times, the newspaper’s economic columnist, Joe Nocera, reveals what he calls “the dirty little secret of the banking industry”--namely, that “it has no intention of using the money to make new loans.”

SNIP...

As Nocera notes: “Read that answer as many times as you want--you are not going to find a single word in there about making loans to help the American economy.”

SNIP...

“It is starting to appear,” the Times columnist writes, “as if one of the Treasury’s key rationales for the recapitalization program--namely, that it will cause banks to start lending again--is a fig leaf.... In fact, Treasury wants banks to acquire each other and is using its power to inject capital to force a new and wrenching round of bank consolidation.”

CONTINUED...

http://www.wsws.org/articles/2008/oct2008/pers-o27.shtml

Frightening how brazen these warmongers and greedheads have become, seeing how there's no punishment for their myriad predations and treasons.

[defendandprotect]

8. They used the $$ they got at .0% to invest in Treasury notes at 3.5% and more -- !!!

FED turned taxpayer money over to them at little or no interest --

and provided the way for them to use taxpayer money for their own profit!!



PS - - Just as an aside -- if you watch TV notice the increasing numbers of "paid

commercial" programs -- more and more popping up every day!!

The airwaves belong to the public -- we provide them FREE of CHARGE to corporations

to run programming for news/entertainment and profit. Now, with these paid commercials

they are running endless advertisements and profiting from them -- while the taxpayer

is footing the bill once again!!

[Octafish]

22. Rescue for the Few, Debt Slavery for the Many

A few connected dots and dollars in '08:

Congress Should Bail Out of the Bailout

We the People picked up the tab to find out it was worse than a bill -- it was an I.O.U. to perpetual servitude.

[Javaman]

3. Rec & Kick and where did you get that photo from? nt

[Octafish]

7. A most compelling image.

Info I've found says it's captioned: "Dust Bowl, Dallas, South Dakota, 1936." It may be a WPA photograph, as it's credtited from the USDA. For the OP, I used a jpeg found online.

Here's details from wikipedia.

[Javaman]

16. Thanks! Cheers. :) nt

[inna]

6. K&R

[Octafish]

11. Outsourcing US Missile Technology to China

A socialist perspective on capitalism and the national security:

The Saga of Magnequench

[H2O Man]

9. Thank you for this.

Definitely recommended.

[Octafish]

12. What St. Clair told socialist worker about war profiteering in '06...

Can you believe the stuff that doesn't get in the news?

"The system is irretrievably corrupt"

We're changing how we balance the budget all right.

[alsame]

15. K&R nt

[Octafish]

19. Reaganomics Revealed

What capitalist Corporate McPravda fails to report:

The Education of Ronald Reagan: The General Electric Years and the Untold Story of His Conversion to Conservatism

Boulwarism -- Bet on it. Wall Street certainly does.

[socialist_n_TN]

17. I wish everybody would learn from socialists........

I'm convinced that socialism is the only way to save us all, EVEN THE CAPITALISTS. They can't save themselves.

[Octafish]

20. Excellent observation -- Sharing the wealth, like sharing the burden, is American.

Call it socialism or call it the American Way, We the People have long cared about one another and our common future, despite the efforts of a few to state otherwise.

F'r instance, the efforts of the elite's toadies to socialize the risk and privatize the profit -- The Real AIG Scandal: How the Game is Rigged at Wall Street’s Casino

[bluesmail]

18. Hell yes K&R

[Octafish]

21. Bernard Madoff puts Ponzi scheme blame at door of banks

Corporate McPravda has been slow to report a thing about Bernie Madoff's co-conspirators:

“UBS and HSBC are going to have big problems"... JP Morgan, too.

Small world.

[Poboy]

23. R'd!