Tagged: financial crisis

Is This the World My Dad and Uncles Fought to Save?

Is This the World My Dad and Uncles Fought to Save?

It was the war to end all wars, the war that my father (photo above), and his brothers and cousins, fought in – seven Graham boys marching proudly off to the mud and mustard...

Charges Begin in the Great Bank Bailout Heist

Charges Begin in the Great Bank Bailout Heist

If you’ve been reading my blogs, you know I am convinced the financial collapse of 2008 and the subsequent bank bailout was an elaborate scheme to defraud investors and taxpayers. And you know I...

A Not So Elegant Form of Theft, as Far as I’m Concerned

A Not So Elegant Form of Theft, as Far as I’m Concerned

My sister-in-law, Faye, called from London, Ontario, yesterday evening to remind me to watch Sixty Minutes on CBC. An author named Michael Lewis was being interviewed, and he was saying a lot of the...

Let’s Look on the Bright Side for a Change

Let’s Look on the Bright Side for a Change

I don’t know whether U.S. Treasury Secretary Tim Geithner’s plan to fix the financial system will work. It sounds incredibly complicated, like a Rube Goldberg machine, and I wouldn’t be one of the investors...

The Real AIG Story and How It Became a Political Time Bomb

The Real AIG Story and How It Became a Political Time Bomb

President Obama must be wondering what hit him. The Bush Administration left a time bomb behind and it has blown up in Obama’s face. And guess who is getting blamed? Obama of course! Republican...

I Suspect That Crooks Got Some of Those Billions in AIG Bailout

I Suspect That Crooks Got Some of Those Billions in AIG Bailout

I don’t know how they did it, and I don’t know who masterminded it, but I suspect more strongly every day that crooks are mixed up in the multi-billion-dollar bank bailout. And it seems...

Pundits Fiddle with Blagojevich Scandal While Economy Burns

Pundits Fiddle with Blagojevich Scandal While Economy Burns

While the U.S. economy slips into an abyss from which it might never recover, the nation’s television screens are full of the trials and tribulations of a political hack. And in Washington, it’s party...

Are Tax Cuts a Better Stimulus than Spending?

Are Tax Cuts a Better Stimulus than Spending?

I once worked for a man in Toronto who had a plaque on his desk that read: The trouble with the world is that there are too many simple answers and not enough simple...

This is No Time to be Picky. It’s Time to Do Something!

This is No Time to be Picky. It’s Time to Do Something!

I’ve been reading those columns by skeptics like David Brooks and Paul Krugman, and those news reports about members of Congress vowing to scrutinize Barack Obama’s stimulus plan to make sure it’s letter-perfect before...

Shameless Bank Bosses Will Have a Merry Christmas

Shameless Bank Bosses Will Have a Merry Christmas

As millions of American families face the future with tears in their eyes and dread in their hearts,  a privileged class will enjoy a very merry Christmas. Like the Cossacks, the Vikings and the...