Week of April 19th,, 2010 – April 25th, 2010
Recession is ending? Some Americans don’t buy itby Meghan Barr, Associated Press Writer
Claude’s Recap: America is waking up to the disturbing crony-capitalism and crony-regulation steering our country and average Americans into life-long debt in order to maintain a consistent and hefty stream of revenues for these too-big too fail “banks” that have hijacked our economy.
Goldman Sachs Fraud Charges Could Be Just The Beginning, Say Analysts by Shahien Nasiripour, The Huffington Post
Your Guide to the Goldman Sachs Lawsuit by Rob Silverblatt, U.S. News & World Report
Probe Turns to Buffett Deal by Susan Pulliam, The Wall Street Journal
Claude’s Recap: Shining their regulation light all over our Wall Street financial scam sector, the SEC inspired by being found incompetent over the past 10 years is finally getting down to business.
Report: Countrywide Financial being probedby Associated Press
Claude’s Recap: Now if they take a look at Quicken Loans, and Ditech Loans, along with any other shady mortgage writing companies that have destroyed the housing and commercial real estate markets throughout Metro-Detroit we might get some serious regulation against no-interest loans and other similar scams.
China factories break labor rulesby William Foreman, Associated Press Writer
Claude’s Recap: Thanks Microsoft for contributing to the fleecing of American jobs to countries that don’t even respect children in the name of bigger profits.
Clinton: I was wrong to listen to Summers and Rubin by Jake Tapper, ABC News
Claude’s Recap: Not sure what changed President Clinton’s heart during this last year, but his honesty during the past few months is refreshing and very insightful. Summers and Rubin made millions off of giving bad advice to both sides of the plate working both private and public jobs and are a couple of the architects of our current crony-capitalistic system we have today.
Lehman Brothers Holdings Inc. Chapter 11 Proceedings Examiner’s Report by Jenner & Block
Panel finds Wall St, greed drove credit ratings by Dan Margolies, Reuters
Goldman CEO lauded profit from subprime shorts by Dan Margolies, Reuters
Claude’s Recap: A few shinning examples of crony-capitalism and crony-regulation, if you would rather watch what the examiner had to say in the first link you can watch it here on c-span.org.
Lawmakers Ignore Call to Promise Not to Become Lobbyists by Arthur Delaney, The Huffington Post
NYC mayor: I can’t control offshore charity funds by Sara Kugler, Associated Press Writer
Claude’s Recap: What else would these for-profit politicians do if not manipulate the greatest government on earth for their own demented greedy purposes?
Report says health care will cover more, cost more, by Ricardo Alonso-Zaldivar, Associated Press Writer
Health care law’s unfinished business: cost curbs by Ricardo Alonso-Zaldivar, Associated Press Writer
Claude’s Recap: The U.S. spends $2.5 trillion a year on health care and our health care system isn’t even in the top 25 worldwide. When you have a for-profit industry in charge of a human significant sector, greed and doing the right thing never see eye-to-eye. It’s just our health America, can’t be more important than money I guess.
Geithner: Bailouts may end up costing less than expected by David Lightman, McClathcy Newspapers
Claude’s Recap: And this is suppose to be good news, I’m sure the ex-president of the New York Federal Reserve who watch this all happen under his willing eyes didn’t figure the cost of 8 million unemployed for the past 2 years in his latest figures. At the average yearly salary of $41,000 over two years, that’s $600 billion dollars of loss income to the American citizen. But hey, Goldman Sachs made $3.3 billion in the first quarter and JP Morgan also made $3.3 billion last quarter, and our Federal Reserve made $45 billion in 2009, I guess all this government intervention was good for someone.
Poll: American’s distrust of federal government is deepening by Steven Thomma, McClatchy Newspapers
Claude’s Recap: Well when only big business and government are making billions while millions of average citizens, the majority of us, are living with 8 million unemployed, reduced wages while working longer hours, a for-profit health care system bankrupting and literally killing thousands of us a year, and a banking cartel using our tax dollars to make billions off of, yeah we don’t trust government any longer and nor should we.