Bail-out Bombshell: Fed “Emergency” Bank Rescue Totaled $29 Trillion Over Three Years

Reprinted from Alternet (December 15, 2011) While the 99% suffered hardship, a new study shows that the Fed propped up buddies in the banking industry and a vast shadow banking system far beyond what anyone has guessed. By J. Andrew Felkerson Speculation about the the Fed’s actions during the financial crisis has made headlines on […]

Words You’ll Never Hear a Politician Speak, But Should

In the fascinating brief video below, William K. Black, lawyer, academic, former bank regulator and author of “The Best Way to Rob a Bank Is to Own One,” speaks with blistering clarity about what needs to be done (that is currently not being done) to prevent the next financial meltdown. As a close observer of the […]

Cheney Was Right About One Thing: Deficits Don’t Matter

Ellen Brown, author of a recent Huffington Post article about the deficit (“Cheney Was Right About One Thing: Deficits Don’t Matter“), also wrote the book called “Web of Debt.” In her article, she says that it doesn’t matter how big the deficit is. What matters is what that deficit costs (the interest we incur on the bonds we […]