Posted in banking, business, economy, government, politics, tagged banker, Bush, crisis, Democrats, FHA, FHASecure, finance, foreclosure, government-insured mortgage, homeowner, housing, restructured loans on April 11, 2008 | No Comments »
President Bush has decided to scramble for his own federal aid project for homeowners. At the end of the eleventh hour, Bush has decided to head off foreclosures, clashing with both parties who want the government to step in with a broad housing rescue.
Bush plans to use an existing Federal Housing Administration program to enable [...]
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Posted in banking, business, capitalism, economy, politics, tagged banker, banking, corporate inversion, corporation, earnings stripping, foreign, income, international, inversion, offshore, tax, tax cut, taxation, wealth on March 31, 2008 | 1 Comment »
The debate about cutting taxes for corporations and the wealthy is largely a pretense. The issue is not whether multinational corporations, bankers and the very rich benefit from tax cuts. The majority of multinational firms walk away from all taxes. A General Accounting Office report revealed that between 1996 and 2000, 61 percent of all [...]
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Posted in banking, capitalism, commentary, government, politics, retail, sales, tagged banker, business, China, christmas, corporate, credit, credit crunch, devalued, dollar, economy, global, global economy, greed, growth, India, jobs, manufacturing, MasterCard, oligarchy, overseas, retail, sales, Saudi Arabia, sour grapes, third world, united states, vitality, wealth on December 26, 2007 | No Comments »
Just before Christmas, MasterCard released their findings on holiday period spending for this year. They reported that spending from Thanksgiving to Christmas increased “a mere” 3.6 percent over last year. MasterCard Advisors, the promotional services arm of MasterCard, reported that this increase is the weakest performance in at least four years. In the same yearly [...]
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Posted in banking, capitalism, commentary, government, politics, tagged bank, bank note, banker, capitalism, cash, cash baron, central bank, christmas, currency, economy, fed, inflation, run, shortage, zimbabwe on December 25, 2007 | No Comments »
BBC reports “Zimbabwe woe as banks stay shut”.
Critics of Zimbabwe President Robert Mugabe accuse him of allowing the economy to go to ruin but he has remained defiant, blaming the problems on a Western plot to oust him from power. According to BBC, “there is little cheer for many in Zimbabwe. Banks in Zimbabwe failed [...]
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Posted in banking, commentary, government, politics, tagged banker, banking, Catholic, control, debt, England, government, interest, labor, laws, Loyola, money, owner, pay, politician, regulation, Rome, society, system, university, usury, war, work on December 14, 2007 | 1 Comment »
The banking system is quite an amazing thing really and no less amazing is the fact the banking system in this United States is part of a global banking system or Society of Bankers that has functioned and supported the Roman Catholic Church, essentially uninterrupted since the Roman Empire. This is a fact that is [...]
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