bailout - Most popular for September 2008
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"George Bush today defended the US central bank's decision to bail out giant insurer AIG and
sought to reassure markets that his administration was intent on confronting the growing
crisis.
The AIG rescue was the fourth taxpayer-funded bailout of the year by the Bush administration,
although it is at odds with Bush's free-market ideology and economic policies.
Storm clouds were (literally) gathering as the Galaxy practice ended Monday at Home Depot
Center, the suffocating miasma of the sticky air seemingly reflecting the deepening gloom engulfing
the team.
Veteran Pete Vagenas, usually one of the friendliest and most accommodating Galaxy players,
walked off the field, his gaze locked at the ground straight ahead in a clear sign he was in no
mood to talk.
I'm home and still catching up, so this will be brief. We're undergoing an audit by the State
of NH at work starting tomorrow and running through the end of the week. (As Princess Sparkle
Pony would say ... "Yay!"). On the actual, honest-to-goodness YAY front, I see that the
Phillies won (again) over the Braves, [.
In the coming hours, the largest ever transfer of money from labour to capital will become a
Hyperreality.
Capitalism is dead.
Long live capitalism.
George Soros: "Paulson cannot be given a blank cheque."
Naomi Klein: "... nobody should believe the overblown claims that the market crisis signals
the death of 'free market' ideology.
I'm going to be migrating everything from my old computer to my new one in just a wee bit ... so am
posting somewhat quickly now. Hopefully you'll hear from me again. If not, you'll know that
things went badly here ... A bailout agreement has apparently been reached. I read some excellent
debate analysis [.
In the coming hours, the largest ever transfer of money from labour to capital will become a
Hyperreality.
Capitalism is dead.
Long live capitalism.
George Soros: "Paulson cannot be given a blank cheque."
Naomi Klein: "... nobody should believe the overblown claims that the market crisis signals the
death of 'free market' ideology.
The Financial Times: "The panic in the world credit markets reached historic intensity [on
Wednesday] prompting a flight to safety of the type not seen since the 2nd World War."
Why aren't any of the agents of capitalism attempting to justify their noxious belief in "free
markets" now?
There is no such concept in Reality as a free market, there never has been and there never will be.
