The Whole Delivery

Utterly shameful stuff that the New York Times Joe Nocera reported yesterday in regards to what is actually happening with the bailout money that the television media isn't covering. But that's typical of our corrupt television, Republican owned media (and General Electric isn't any better, no matter if they put Olbermann and Maddow in to make the "left" happy). Back to this great, but very alarmingly, article from Nocera. It shows how Paulson is being slick King Henry again , and benefitting those who don't even need the money on Fall Street : “Chase recently received $25 billion in federal funding. What effect will that have on the business side and will it change our strategic lending policy?” It was Oct. 17, just four days after JPMorgan Chase’s chief executive, Jamie Dimon, agreed to take a $25 billion capital injection courtesy of the United States government, when a JPMorgan employee asked that question. It came toward the end of an employee-only confer...

Even the bailout couldn't prevent this from happening . Then again, what quick bill, no matter how big it is, can prevent the last eight years of terrible policies and practices from happening? A runaway train of a sell-off turned the anniversary of the stock market peak into one of the worst days in Wall Street history Thursday, driving the Dow Jones industrials down a breathtaking 679 points and deepening a financial crisis that has defied all efforts to stop it. Stocks lost more than 7 percent, $872 billion of investments evaporated, and the Dow fell to 8,579. When the average crashed through the 9,000 level for the first time in five years in the final hour of trading, sellers had only begun to hit the gas pedal. As bad as the day was, even worse was the cumulative effect of a historic run of declines: The Dow suffered a triple-digit loss for the sixth day in a row, a first, and the average dropped for the seventh day in a row, a losing streak not seen since 2002. But really t...

Photo from the Kos Happy Rosh Hashanah Fall Street. You have put us in this position thanks to your avarice and selfishness, and you continue to still work your magic with market manipulation. After being down 700 points yesterday, all of a sudden, you are now up 300 points? Did a magic wand hit you guys on the head last night? It must have. Or is it something else? Is it the fact that you know something behind the scenes in this day off of Congress that we don't know? That you feel the bailout package you want instead of what the people want (and need) in this country is going to get created and passed in the next days, huh? Not once have I heard from any major CEO of any bank out right now demanding that a progressive type bill of putting the proletariat first would suffice. You know the proletariat? Me, you, and the rest in the middle class, along with those who are barely in the middle class, who need this MORE than even the middle class. Those people who have no homes, no jobs...