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WHEN YOU LET PEOPLE DO WHATEVER THEY WANT, YOU GET WOODSTOCK…WHEN YOU LET GOVERNMENTS DO WHATEVER THEY WANT, YOU GET WACO…

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Naomi Klein: The Borderline Illegal Deals Behind the $700 Billion Bailout

By Amy Goodman, Democracy Now!
Posted on November 18, 2008, Printed on November 18, 2008
http://www.alternet.org…
Amy Goodman: World leaders from nearly two dozen countries met in Washington over the weekend to discuss plans to increase regulation of international financial activity. They acknowledged that a failure of market oversight in countries like the United States had precipitated the [...]

Conservative senator: Paulson may have given bailout money to friends

http://rawstory.com…
Muriel Kane
Published: Monday November 17, 2008
Sen. James Inhofe (R-OK) is making waves by criticizing Treasury Secretary Paulson’s handling of the bailout and saying that Congress should take back whatever is left of the $700 billion “blank check” it issued to the Bush administration in October.
In a letter posted on his website, Inhofe told his Senate [...]

No oversight of $700 billion bailout: “it’s a mess.”

http://www.americablog.com…
Joe Sudbay (DC)
This shouldn’t be a surprise. The Bush administration provided no oversight of Iraq. No oversight of the economy. No oversight of the country. So, this shouldn’t be a surprise:
In the six weeks since lawmakers approved the Treasury’s massive bailout of financial firms, the government has poured money into the country’s largest banks, [...]

Paulson discretely eliminated bank taxes - banks to save billions

http://www.americablog.com…
Chris in Paris · 11/10/2008 06:13:00 AM ET 
Who needs Congress when you have Henry Paulson there to save Wall Street at every corner? Every time I heard a Wall Street pundit tell everyone how fantastic Paulson was and how lucky we would all be if only he could be begged into staying, I wanted [...]

Questions 8 [9 November 2008]

1. Wall Street Fat Cats Are Trying to Pocket Billions in Bailout Cash…
During his historic victory speech, President-elect Barack Obama told supporters, and the rest of the world, “If this financial crisis taught us anything, it’s that we cannot have a thriving Wall Street while Main Street suffers.”
But, it seems that Wall Street didn’t get [...]

Questions 10 [3 November 2008]

How Did McCain Escape Expulsion from the Senate?…
John McCain, according to a revelatory article in The New Republic, was almost certainly the source for illegal leaks during the Keating Five investigation — leaks that, if proven, would have been cause for his expulsion from the United States Senate for perjury. Additionally, according to [...]

The Bush gang’s parting gift: a final, frantic looting of public wealth

http://www.guardian.co.uk…
The US bail-out amounts to a strings-free, public-funded windfall for big business. Welcome to no-risk capitalism
Naomi Klein
The Guardian, Friday October 31 2008
In the final days of the election many Republicans seem to have given up the fight for power. But don’t be fooled: that doesn’t mean they are relaxing. If you want to see real [...]

AP IMPACT: Mortgage firm arranged stealth campaign

http://ap.google.com…
By PETE YOST – 21 hours ago
WASHINGTON (AP) — Freddie Mac secretly paid a Republican consulting firm $2 million to kill legislation that would have regulated and trimmed the mortgage finance giant and its sister company, Fannie Mae, three years before the government took control to prevent their collapse.

Trillions Disappear in Stock Market, but Where Did Money Go?

http://www.foxnews.com…
h/t: blacklistednews.com
Trillions in stock market value — gone. Trillions in retirement savings — gone. A huge chunk of the money you paid for your house, the money you’re saving for college, the money your boss needs to make payroll — gone, gone, gone.
Whether you’re a stock broker or Joe Six-pack, if you have a 401(k), [...]

The financial meltdown explained

http://www.informationliberation.com…
brasscheck
Today’s banking crisis is the THIRD trillion dollar plus US-caused financial meltdown in the last 20 years. Each one of these crises came into being through the same basic mechanism . . . the fraudulent over-valuing of financial assets by Wall Street — with a “wink and a nod” (and sometimes a lot more) from [...]