zerohour | Shared With: Everyone - Oct 09 2008 | economy, washington, news
Whoa, the Stock Injection Plan could go through. This would be way better than the buy-up-of-shitty-assets-plan...though it's obviously, ultimately reformist.
Quoted: The Treasury Department is considering taking ownership stakes in many U.S. banks to try to restore confidence, according to government officials.
- zerohour | Shared With: Everyone - Oct 09 2008 | economy, economics, economic collapse
From the big credit freeze to credit default swapping to the problems over the last ten years with trying to regulate this 60 trillion dollar speculative industry to an evaluation of the $700 billion bail out bill...the second and third sections of the show are worth checking out...
Quoted: Alex Blumberg and NPR's Adam Davidson—the two guys who reported our Giant Pool of Money episode—are back, in collaboration with the Planet Money podcast. They'll explain what happened this week, including what regulators could've done to prevent this financial crisis from happening in the first place.
- textured - Oct 09 2008
You must be SAWED-OFF SMILER BLOOD MAGNET's friend before you can comment on this Fave.yeah, same thing they were doing in sweden years ago. if this stabilizes things, it will be back to the same old same old. but we will see if it holds. i'd say it probably will hold for a short while, but then we are still likely to slide into a major credit crunch and full-on depression. short of those 'major public works' the article alludes to, this is probably unavoidable. and when that hits, the levee will break. then it just depends on the masses, as to whether or not it will ignite some class warfare resistance.
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