2011 February | American Pendulum

The Fed's QE2 Program: Not Meant to Help Main Street

Posted by admin Economy Sunday, February 6th, 2011

Quantitative Easing II: This is truly insanity. Here’s how it works with a nice little diagram from the NY Times for visual clarification. The Fed “creates” money and credits its own account. The Fed uses the money to buy Treasury bonds from dealers like Citigroup and JP Morgan. The purchases of Treasuries are SUPPOSE to [...]

A Mortgage Isn't a Life Sentence

Posted by admin Economy Sunday, February 6th, 2011

By Dylan Ratigan This is the segment I did with someone who walked away from his mortgage, his home, and his $120,000 down payment after wrestling with the bank for months. It’s powerful, and it’s hopeful. “It feels great,” Burton said without hesitation. “I’m starting again. I’ve still got my talent; I’ve got my intelligence. [...]

The Dylan Ratigan Show: Why keep paying the bank?

Posted by admin Economy Sunday, February 6th, 2011

The Dylan Ratigan Show: Why keep paying the bank? – Watch more Videos at Vodpod.

Michael Hudson: Financial Crisis Inquiry Report Doesn't Call Crisis Systemic Fraud

Posted by admin Economy Sunday, February 6th, 2011

TheRealNews | January 27, 2011 Michael Hudson: Financial Crisis Inquiry Report fails to call for criminal prosecutions against Wall Street Michael Hudson is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of [...]

Financial Crisis Inquiry Commissions Report

Posted by admin Economy Sunday, February 6th, 2011

Get The Report How did it come to pass that in 2008 our nation was forced to choose between two stark and painful alternatives — either risk the collapse of our financial system and economy, or commit trillions of taxpayer dollars to rescue major corporations and our financial markets, as millions of Americans still lost [...]