Robert Oak's blog

Friday Movie Night - Commanding From Wuthering Heights

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It's Friday Night! Party Time!   Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy!

This week we have a corporate biased, but very well done, PBS documentary Commanding Heights.   

Contained within this video are the Russian and 1997 Asian Financial Crisis, the Great Depression and Globalization. Also is the admittance that the interactions and dependencies of global markets, financial markets is not well understood.

Foreign Investors Will Get Billions of Your Taxpayer Money in Bail Out

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Congress Presentative Brad Sherman (CA-27th) is strongly speaking out on the latest version of the Emergency Economic Stabilization Act of 2008 (Bail Out Bill) and in particular exposing how foreign banks, investors will get billions and billions of American taxpayer money.

 

Buying Congress - Bullied on the Bail Out

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One must wonder why Congress is hell bent on passing a plan when so many economists are questioning it even working at all and while other more proven approaches are available.

Congressman Peter DeFazio issued a press release showing the the bitterness of these so called sweeteners being dangled before our representatives on Capital Hill:

While We Watch Our Senate Sell America Down the River....

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Let's take a moment to watch some videos on what is really happening on main street. Note, by voice vote the entire Senate turned down Bernie Sander's attempt to get the people who got filthy rich from this disaster....pay for it. Nope. Senators instead turn reality on it's head and claim they are not doing what they indeed are doing...bailing out Wall Street.

 

This one is about a Southern California Area Called the Inland Empire:

 

Lobbyists Surround the Hill - Demand Their Bail Out

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While faxes, emails and outrage clog Congress's communication system, lobbyists are swarming the hill with unfettered access.

The U.S. Chamber of Commerce threatens Congress with retribution if they do not pass their bail out.

the U.S. Chamber of Commerce launched 30-second radio ads in the Washington area aimed directly at lawmakers

Peter DeFazio describes one Lobbyist from Morgan Stanley just threw out a funding solution used in the past by claiming Wall Street Wouldn't Like It.

A Little History of Financial Crises

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The claim by the Fed and Treasury that spending $700 billion of public money is the best way to recapitalize banks has absolutely no factual basis or justification. - Nouriel aka Dr. Doom Roubini

I woke up this morning to see the blog buzz word of the day is Nationalization as Economics bloggers hunt for the solution to the financial crisis.

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