The TALF
Bernanke's Witness Protection Program By Mike Whitney The TALF and the "Public-Private Partnership" are another slap in the face of the international community. They violate the spirit and the letter of the G-20 communique. It will be interesting to see if foreign holders of US Treasurys endure this latest insult in silence or if there's a sudden stampede for the exits. There's a sense that the world is getting fed up with the Fed's financial chicanery and would like to chart a different course. Enough is enough. http://informationclearinghouse.info/article22224.htm === The Financial Sector: "A House Burning Down" Ben Bernanke's False Analogy By Prof. Michael Hudson The bottom line is that the American public is being fed a carefully crafted mythology (no doubt "market tested" on "response groups" to see which images fly best) to mislead the American public into misunderstanding the nature of today's financial problem - to mislead it in such a way that today's policies will make sense and gain voter support. http://informationclearinghouse.info/article22229.htm === "Capitalism's Self-Inflicted Apocalypse" By Michael Parenti The free market does not work. It's not free. It's not really a market; it's a plunder. And it has to be done away with. http://informationclearinghouse.info/article22225.htm === How The World Pimps America How the US is shifting the financial crisis onto the rest of the world By Pepe Escobar The US Treasury will borrow no less than one trillion dollars from the developing world in 2009. It will need even more in 2010. Pepe Escobar argues the US is indeed in a privileged position: not only it unleashes a global financial crisis, it then sucks up money from all over the world, based on the fact that the US in fact remains the "manager" of choice of global capitalism. http://informationclearinghouse.info/article22223.htm === The Sanctity of AIG's Contracts By Glenn Greenwald The Obama administration's claim that nothing could be done about the AIG bonuses because AIG has solid, sacred contractual commitments to pay them is, for so many reasons, absurd on its face. http://informationclearinghouse.info/article22226.htm __._,_.___ __,_._,___ --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "ShadowGovernment" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/ShadowGovernment -~----------~----~----~----~------~----~------~--~---
