Secrets and Lies of the Bailout
Secrets and Lies of the Bailout: tetw:
by Matt Taibbi
The federal rescue of Wall Street didn’t fix the economy – it created a permanent bailout state based on a Ponzi-like confidence scheme. And the worst may be yet to come…
"Yale University, George Washington University, and the University of Pennsylvania have all filed…"
“Yale University, George Washington University, and the University of Pennsylvania have all filed lawsuits against former students in an effort to recoup some of the $1 billion owed on defaulted Perkins loans. Perkins loans, which are themselves rese…
This is what would happen if we breach the debt…
This is what would happen if we breach the debt ceiling.
Imagine we hit the debt ceiling Feb. 15. The BPC’s analysis suggests that federal spending over the next month will be about $450 billion. Federal revenues will be nearer to $277 billion. That…
azspot: And You Wonder Why We’re Broke?
azspot:
And You Wonder Why We’re Broke?