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Tag Archives: banks

US Nationalizes 9 Major Banks: Welcome to Facism

14 Tuesday Oct 2008

Posted by Dagny Gromer in Political

≈ Leave a comment

Tags

banks, facism, Political, wall street crisis

From the Washington Post:

In pressing the bank executives to accept partial government ownership, Paulson’s message was clear: Though officially the program was voluntary, the banks had little choice in the matter. In exchange for giving the Treasury minority stakes, the nine firms would jointly receive an investment worth $125 billion. The government would make another $125 billion available for the next 30 days to thousands of other banks and thrifts across the country.

Read this description of facism. We be there. I still want my country back, but I become more pessimistic of this happening by the day. R.I.P. U.S.A.

2nd Largest Bank Failure in US History Today

11 Friday Jul 2008

Posted by Dagny Gromer in Economics, financial

≈ 2 Comments

Tags

banks, economy, financial

http://news.yahoo.com/s/nm/20080712/bs_nm/indymac_dc_4

Regulators to run IndyMac until buyer found – Yahoo! News via kwout

All that is missing is the sound of the trumpet and the appearance of the four horsemen for the banking system.

Update 7/14/2008: More info.

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