15 December 2009

Rolling Stone/Matt Taibbi: Obama sold out to Wall Street

“There’s no other way to say it: Barack Obama, a once-in-a-generation political talent whose graceful conquest of America’s racial dragons en route to the White House inspired the entire world, has for some reason allowed his presidency to be hijacked by sniveling, low-rent shitheads.”

After being elected, Obama basically gave everyone from his “change” campaign dead end jobs. All the important posts went to insiders from the same financial giants, that through “bailout” laws now have been granted free money every time and no matter how badly they fuck up themselves and the system.

If you’re not easily tricked into reading longer articles, have a look at the video summary. Taibbi‘s recent writing is highly recommended reading, his style is very readable and entertaining but maintains a striking contrast to the usual correct, bullshit-plagued financial and political reporting.

[via:No Agenda]

4 October 2009

UK Treasury about to force banks to lend in poorer communities?

“Bankers in visible pain” sounds like a nice concept, but this seems an awful lot like a socialized version of the lunacy that caused the subprime mortgage crisis (do watch the video)…

[via:Tommy Rosenqvist]

15 March 2009

The Crisis of Credit Visualized

Great school work by Jonathan Jarvis. If your computer can handle it, watch the HD version.

[via:jeppe]

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