Archive for the ‘mike whitney’ Category
Thursday, April 29th, 2010
It is up to Congress to regulate the shadow banks but the financial reforms currently being debated in Washington miss the larger point. As commentator Mike Whitney points out, regulators must have the authority to intervene wherever they think it is necessary to ensure that institutions are adequately capitalized.
Do you ...
Posted in mike whitney | No Comments »
Wednesday, March 31st, 2010
Pope Benedict was in charge; that means he needs to "man up" and face the music. Benedict's job is easy: Arrange a press conference, tell the truth, and then resign. That's all there is to it. By Mike Whitney.
Pope Benedict should do everyone a favor and resign. By sticking around, ...
Posted in mike whitney | 3 Comments »
Monday, March 15th, 2010
Internet commentator Mike Whitney says: "You gotta see this! If this doesn't convince you that Timothy Geithner knew about the securities shenanigans that were going on at Lehman, then I don't know what will."
Keep in mind, that Secretary of the Treasury Timothy Geithner ran Lehman through three "stress tests" prior ...
Posted in mike whitney | No Comments »
Thursday, December 3rd, 2009
In American Casino, the edgy, fast-paced documentary by Andrew and Leslie Cockburn, it's imperative viewers see the faces of the victims of the US financial crisis and hear their stories first-hand. These are the people whose lives will be forever marred by the reckless, high-stakes gambling of Wall Street speculators. ...
Posted in mike whitney | No Comments »
Sunday, November 15th, 2009
It's been 10 years since the people took a stand in Seattle and, looking back, Jeffrey St. Clair of Counterpunch said: "Seattle proved that after swallowing seven years of crap from a Democratic regime it was possible for some progressives to awaken from their hibernation and express in a direct ...
Posted in mike whitney | No Comments »
Saturday, August 8th, 2009
The banks are still broke, business investment is at historic lows, consumers are on the ropes, the unemployment lines are swelling, the homeless shelters are bulging, the pawn shops are bustling... Just brace yourself for the Depression. Or as commentator Mike Whitney says, "This is what happens when monetary policy ...
Posted in mike whitney | No Comments »
Wednesday, July 1st, 2009
The banks created the financial crisis, and now they are its biggest beneficiaries. They don't need to worry about risk, because Fed chairman Ben Bernanke has assured them that they will be bailed out regardless of the cost. By Mike Whitney.
The trouble started 24 months ago, but the origins of ...
Posted in mike whitney | No Comments »
Thursday, April 30th, 2009
Barack Obama has served 100 days as president and he does not have much to show for it. As commentator Mike Whitney says, "Apart from a trifling bill on stem cells, Obama has done absolutely zero to confirm his bona fides as a liberal." Perhaps Obama might draw inspiration from ...
Posted in mike whitney | 1 Comment »
Thursday, April 23rd, 2009
As the US economy worsens, the likelihood of another financial meltdown or a run on the dollar increases. Foreign central banks and investors are getting antsy and are starting to rattle Treasury Secretary Timothy Geithner's cage. As commentator Mike Whitney says, Geithner should be tackling the toxic assets problem head-on ...
Posted in mike whitney | No Comments »
Thursday, April 23rd, 2009
The recent five-week rally in the stock market will not fix the banking system, slow the crash in housing, patch-together tattered household balance sheets, repair failing industries or reverse the precipitous decline in consumer confidence. As commentator Mike Whitney says, "The rising stock market merely indicates that speculators are back ...
Posted in mike whitney | No Comments »