Article published in Amauta with permission from the author Source: Web of Debt by Ellen Brown February 5, 2010 Rumor has it that Timothy Geithner is on his way out as Treasury Secretary, due to his involvement in the AIG scandal that is now unraveling in hearings before the House Oversight and Reform Committee.  Bob Chapman writes in The [...]

Fuente: IPS por Peter Costantini SEATTLE, Estados Unidos, 10 feb (IPS) – La codicia desmedida de Wall Street no es nada nuevo, pero la renovada avidez de los más poderosos financistas del mundo ha causado a la vez asombro y disgusto en todo el espectro político de Estados Unidos. Pese al daño que puede causar, esta avidez está [...]

Source: The Nation by Sebastian Jones February 11, 2010 President Obama spent most of December 4 touring Allentown, Pennsylvania, meeting with local workers and discussing the economic crisis. A few hours later, the state’s former governor, Tom Ridge, was on MSNBC’s Hardball With Chris Matthews, offering up his own recovery plan. There were “modest things” the White House [...]

Fuente: Too Much Traducción: Anna Maria Garriga Tarrés, Sin Permiso por Sam Pizzigati 10 de enero, 2010 Puede que el Congreso esté paralizado pero la administración Obama tiene el poder, incluso sin la intervención del Congreso,  de actuar con respecto a los presidentes y altos ejecutivos de las corporaciones y sobre las lluvias de dinero que tanto enfurecen al [...]

Source: Truthdig by Chris Hedges January 10, 2010 Corporations, which control the levers of power in government and finance, promote and empower the psychologically maimed. Those who lack the capacity for empathy and who embrace the goals of the corporation-personal power and wealth-as the highest good succeed. Those who possess moral autonomy and individuality do not. And these [...]

Source: The Indypendent by Arun Gupta January 8, 2010 If one case encapsulates the disaster that is the Obama administration, it may be the dustup over the A.I.G. bonuses last March. Recall that extreme gambling by A.I.G. Financial Products nearly crashed the world in 2008, necessitating a taxpayer bailout of $182.3 billion (and counting). Following this, A.I.G., now [...]

Source: Washington Post by Bracy Dennis December 23, 2009 When word spread earlier this year that American International Group had paid more than $165 million in retention bonuses at the division that had precipitated the company’s downfall, outrage erupted, with employees getting death threats and President Obama urging that every legal avenue be pursued to block the payments. New [...]

Source: Robert Reich’s Blog by Robert Reich November 29, 2009 One out of four homeowners is now under water, owing more on their homes than the homes are worth. Why? The biggest single factor behind the housing crisis is rising unemployment. According to the latest ABC-Washington Post poll, one out of every three Americans has either lost their [...]

Source: AlterNet Thanks to AIG, some of the poorest residents of rural Kentucky learned you can always be made poorer by corporate villains. by Yasha Levine November 26, 2009 What are we getting in return for the bailout? So far, predatory credit card rates, exorbitant bank fees and obscene Wall Street bonuses. But we’re being robbed in other, sneakier [...]

por Sam Stein 27 de enero, 2009 El 17 de octubre de 2008, tres días después que el Bank of America Corporation recibiera 25 mil millones de dólares en fondos federales de ayuda urgente, convocó a una audio-conferencia destinada a organizar la oposición a la Ley de Libre Elección del Empleado (EFCA, por su sigla en inglés), [...]