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    Easily Understandable Explanation of Derivative Markets

    Heidi is the proprietor of a bar in Detroit. She realizes that virtually all of her customers are unemployed alcoholics and, as such, can no longer afford to patronize her bar. To solve this problem, she comes up with new marketing plan that allows her customers to drink now, but pay later. She keeps track of the drinks consumed on a ledger (thereby [...]



    European Commission is Bank Busting

    ING to be broken up in wake of bail-out. The US government should do this also.  The big banks are too big to not fail.  And the failure has already happened.

    Related articles by Zemanta Geithner still worried about recovery (dailyfinance.com) US Treasury backs plan for banks to make ‘living wills’ in case of collapse (telegraph.co.uk) US ‘Slashes Top [...]



    Names of the Dead

    Every year, more than 44,000 Americans die simply because have no health insurance.  Share your story:

    Names of the Dead

    On a different subject, this is good to see. Obama administration actually doing some regulating (a little bit anyway) and the Wall Street Journal complaining.

    Related articles by Zemanta You lost me at “progressive sales tax” [...]



    Put This in Your Bailout Pipe and Smoke it.

    In the end this peasant will probably get the short end of the stick, but maybe she will get lucky and receive some leniency from the King.  And who knows, maybe this is the beginning of a debtor’s revolt and a new movement.  Reminds me of burning draft cards in the 60′s.  We could have demonstrations where everyone [...]



    my healthcare conundrum

    And why we really need a public option – NOW:

    I’ve worked for the same small company for the last 14 years. We have 5 employees, one of whom – the President – is 81 years old and finally capitulated to socialism by joining Medicare last year. So only 4 of us are on the company-provided healthcare plan.

    I’m pretty lucky: my employer [...]



    A New Way Forward Protest – Portland

    Portland OR – April 11, 2009 – Click for more info

    NATIONALIZE: Experts agree on the means — Insolvent banks that are too big to fail must incur a temporary FDIC intervention – no more blank check taxpayer handouts. (see Krugman on nationalization)

    REORGANIZE: Current CEOs and board members must be removed and bonuses wiped out. The financial elite must share in [...]



    Chomsky on Geithner (and some Colbert Comedy)

    Noam Chomsky on the economy and democracy Pt2

    Noam Chomsky on the economy and democracy Pt3

    Stephen’s Angry Mob Will Crush AIG (click to show/hide Colbert video)

    The government can’t stop AIG but Stephen’s angry mob will crush these punks. He pulls [...]

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