Busted: Bankers and The Global Economy

March 8, 2009

Bailout Fever Meets with Resistance

bank-bailoutBailout fever is no longer the style as the Senate Banking Committee, notably Republicans, are rising up against the prospect of moral hazard.

Read article on Associated Content by E. Manning

April 4, 2008

The Fed: A Corporate Socialist?

“I am very troubled by the failure of Bear Stearns, and I do not like the idea of the Fed getting involved in a bailout of that company. But before making a final judgment, I want to hear from our witnesses why they thought it was necessary to stop the invisible hand of the market from delivering discipline. That is socialism — at least that’s what I was taught, and I would imagine everybody at that table was taught the same thing — and it must not happen again.” – Senator Jim Bunning, Republican-Kentucky at the Senate Banking Committee – partial audio of quote

bernanke-congress.jpgMuch of the country, including Senator Bunning, apparently hasn’t figured out is that the United States is being run by a multinational corporation without the underpinnings or claims of freedom and liberty. With new multinational expansion on a global basis, the central banks of the world have a commercial multinational shadow system that has transcended national sovereignty. Countries like the United States think they have control over the global corporate world (more…)

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