ON AIR NOW
Click to Play
How many people will become unwitting interest slaves for the rest of their lives by signing up for one of these "loan modifications"? That is likely to happen if non-recourse loans become recourse loans.
"No More Pork!" (Now the Republicans get principled???) But then the people had their say too.
Consider "ring-fencing" the United States, pulling all swap lines and protecting ourselves. We cannot backstop the world; we don't have the money and can't raise it. We are tying an anvil to our ankles and jumping into the water,
"Madison wrote, 'Justice is the end of government. It is the end of civil society. It will be pursued either until it be obtained or until liberty be lost in the pursuit.'"
To “save” the economy is to “save the banks,” along similar lines to the West trying to save its banks from their adventure in the post-Soviet economies. This is the basic neoliberal economic plan, after all. The U.S. economy is about to be “post-Sov
"This case cannot be litigated," Department of Justice attorney Douglas Letter argued. "The judges shouldn't play with fire in this national security situation."
The military must be prepared, the document warned, for a “violent, strategic dislocation inside the United States,” which could be provoked by “unforeseen economic collapse,” “purposeful domestic resistance,” “pervasive public health emergencies” ..
I think Karl Denninger hit the nail on the head.
