Workers, oppressed to pay billions to bail out Wall Street

[Thinking Man's Idiot]

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CAPITALIST MELTDOWN: Workers, oppressed to pay billions to bail out Wall Street
President of the Federal Reserve Bank of New York, Timothy Geithner and Treasury Secretary Henry Paulson have been huddled in round-the-clock meetings, hammering out deals. It has been done in secrecy, behind the backs of the workers and the middle class, who will get stuck with the bill. They have been working out these deals with the same loan sharks of high finance whose orgies of speculation, gambling and deception in pursuit of profit led to the crisis in the first place. ...

[Thinking Man's Idiot]

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Print Editions






More Recent Editions:

• September 20, 2008 (Eng, Span)
• September 13, 2008 (Eng, Span)
• September 6, 2008 (Eng, Span)
• August 30, 2008 (Eng, Span)

All print editions.


More Recent Headlines:

• The financial crisis and the 2008 elections
• Stop the U.S.-India nuclear deal
• Crisis in Germany’s Social Democratic Party
• A modest proposal: How about a trickle-up bailout instead of trickle-down
• Austria, Bavaria and Brandenburg go to the polls
• Guide to financial crisis: week 2
• Congressional Black Caucus meet ends awarding Obama Harold Washington Prize
• OPINION: Finances and the current crisis: How did we get here and what is the way out? Part 1
• Black Caucus town hall on foreclosure crisis calls for huge voter turnout
• California’s budget: 85 days late & billions of dollars short
• Save Main Street not Wall Street!
• EDITORIAL: Shock and awe revisited
• When your union contract expires — Who do you want in the White House?
• For Canadian elections, left parties urge green economy, social spending
• Zimbabwe welcomes power-sharing pact
• McCain still pushing to privatize Social Security
• Veterans tell VA, ‘Open front door’ to disability claims
• WORLD NOTES: September 27
• $700,000,000,000 for what?
• For Michigan, it’s the economy, stupid!

• A modest proposal: How about a trickle-up bailout instead of trickle-down

• Stock market drops 777 points as House votes down Wall Street bailout

Multimedia

• Shades of Green: September 27
• Voices from the neighborhood: 'Bring all the troops home'
• PWW event: The Better World Awards

OPINION: Finances and the current crisis: How did we get here and what is the way out? Part 2
by Sam Webb, 09/30/08
The turmoil in financial markets and the bailout to the tune of $700 billion has turned the public eye and wrath on Wall Street and Washington. While millions are aware of the triggering causes, ranging from predatory lending to deregulation to insatiable greed, what isn’t so obvious is the longer-term process that brought our financial system and economy to the edge of the abyss.



Taking it to Wall Street: Rallies vs. bailout crowd 'the street'
by Libero Della Piana, 09/30/08
NEW YORK—Unions, civil rights groups and community organizations called a series of protest rallies on Wall Street this week in response to President George Bush’s plan to bailout financial firms with no strings attached.


Latinos: Now is the time to vote
by Pepe Lozano, 09/30/08
Latino groups and Spanish-language media companies are conducting a national campaign called “Ya Es Hora, Ve Y Vota,” which means “Now is the time, go and vote,” giving eligible voters tools to register online and telling them how to locate where they’re supposed to vote in November.


New S. Africa president spurs hope for workers, poor
by Dennis Laumann, 09/30/08
Workers and the poor of South Africa looked to “a new dawn” following the leadership upheaval in the country’s dominant party, the African National Congress. With only months left in his second and final term, Thabo Mbeki resigned as the country’s president, following a call by his own party to vacate the post. The decision by the party’s National Executive Committee followed a judge’s ruling throwing out fraud and bribery charges against ANC President Jacob Zuma.


Palin or Pelosi — who represents the real West?
by Carl Abbot, 09/30/08
Sarah Palin knows how to hunt wolves. She can skin a moose. She lives way up there on America's last frontier. So, we might think, here's a national candidate who represents the "real" American West, not its Hollywood imitation.


An appeal from the Cuban Five
by Special to the World, 09/30/08
We arrive at the 10th anniversary of the arrest of the Cuban Five at a crucial moment of our legal process (That is what they call it, although perhaps "illegal process" would be more appropriate.) The 11th Circuit Court of Appeals, based in Atlanta, has just ended our appeal.



Disarmament community warns vs. U.S.-India nuclear deal
by Marilyn Bechtel, 09/30/08
Peace and disarmament activists are warning that an agreement now before the Senate to let India buy nuclear fuel and technology from the United States for civilian purposes could make it easier for India to build more nuclear weapons. They say the pact also undermines the Nuclear Non-Proliferation Treaty because it would let India participate in international nuclear trade even though it developed nuclear weapons outside the NPT framework and won’t sign the treaty.