Posts Tagged ‘fannie mae’

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The Nine Year S*%T Storm

December 17, 2008

America for Kids • Operation Itch Video 
 For the kids, so they know what kind of hell we’ve been through over the past nine years. “He who does not know the past…etc., etc..” 

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Derivative Markets and the 2nd Great Depression

September 19, 2008

Sign up for the OPERATION ITCH network– post your videos, blogs & connect

questions for the comments: 1. Who the hell can shed some light on this derivative market thing? 2. Is the current crisis the start of a a depression, or just a normal bump in the free market road? 3. Investment tips? 4. Is the Hermit video making style derivative of any other? 5. AC/DC- lover em or hate em?

Also – I notice there are some newbies here. If you are wondering what all of this is about, read below the fold: Read the rest of this entry ?

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Big Banks Go Bust: Time to Reform Wall Street

September 19, 2008

originally posted online by Truthdig.com. You can read the original article here.

With the demise of Fannie Mae, Freddie Mac, IndyMac, Bear Stearns and now Lehman Brothers, we’ve been treated to the failure of more major financial firms than during any year since the Great Depression. The sight of rich bankers getting the boot might be lots of fun if it were just a spectator sport. Unfortunately, we are in the game with these clowns.

As a result of their incompetence, irresponsibility and greed, the housing bubble was allowed to grow to dangerous proportions. Its collapse threw the economy into recession, putting millions of people out of work and lowering the wages of those who still have their jobs. The plunge in house prices has destroyed much of the life savings for tens of millions of people nearing retirement. Read the rest of this entry ?