What Wall Street has been up to

http://www.nytimes.com/2009/07/13/business/13goldman.html?_r=2&partner=rss&emc=rss

Goldman is about to report record profits!

http://www.washingtonpost.com/wp-srv/business/pm-aig10.html?hpid=topnews

More Bonuses for AIG!

http://www.bloomberg.com/apps/news?pid=20601087&sid=aeTzfvEedKpQ

Morgan Stanely has a plan to turn downgraded loans into AAA again! This can only end well!

http://seattletimes.nwsource.com/html/businesstechnology/2009456774_pfcreditcards12.html

Raising our interest rates and cutting our limits! PROFIT! PROFIT! PROFIT!

Meanwhile back in the real world

http://www.reuters.com/article/topNews/idUSTRE5694XV20090710

People being forced to move into hotels.

http://www.time.com/time/business/article/0,8599,1909840,00.html?xid=rss-topstories

The value of our homes are decreasing

http://thehill.com/leading-the-news/oversight-panel-warns-of-2b-in-tarp-losses-2009-07-09.html

2.7 billion dollars of TARP Money is gone and won't be repaid

http://www.huffingtonpost.com/2009/07/11/summers-on-recession-i-do_n_230022.html

Larry Summers (Fucktard extraordinaire) thinks the worst is not over.


Just a summary of articles to read at your leisure. I'm so happy the President postponed re-regulating the banks till after he re-capitalized them. I'd hate for him to go into those meetings with...leverage.

More pages in the annals of shame. :mad:

Has anyone seen my remote? I had it right here on the couch!

Secretary Geithner is on top of this. Just like he was on top of the sub-prime crisis when he was the head of the Federal Reserve Bank of NY

...are you disagreeing with him, or are you saying that even a 'Fucktard extraordinaire' can figure out that the worst isn't over?

Has figured out...oh-uh.

Remember this was one of the biggest cheerleaders and sellers of de-regulation and free trade in the late 1990s i.e. he is one of the guys who caused this shit.

Only in the United States could you actually fuck over an entire population, lie to the population, and then tell them it's for their good that they seriously wouldn't organize a rebellion and chop off your head with a guillotine. If you had done this in Europe, there would be a revolution.

America, land of opportunity...to let the greed run over everything, destroying all.

They fucked with the upper middle class this time...that is where revolutions are born.

The gap between the upper middle class and the top 1% or even the top half percent is huge. You know what these upper middle class are to the "old money" and the establishment? They're ants trying to be gods. The upper-middle class may not be suffering as much as the bottom fifth of the US population, but they sure are not in a position to challenge the elite, not yet anyway.

The only way something will break loose is if there is a schism in the top 1% over what to do. If such a schism occurs, the real power struggle between the financial elite will begin. The opportunity to dethrone them all would be found then and there because they would be too busy trying to destroy each other to notice the working classes.

Trust me on this. Unemployed people and the manager class unemployed equals bad things for the elites.

They have forgotten what happens when they don't bribe the ants to stay out of their houses.

The Upper Middle Class is used to dealing with all of the classes so when a crisis hits they are generally the ones who negotiate it.

That was no small feat either and shows just how pissed off middle America is with the establishment.

:kick: