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Government Complicity In The Current Depression

Posted by TheBlackList News on May 1, 2011 at 10:30pm

From The Ramparts
by Junious Ricardo Stanton

“The main relevance of The Great Crash, 1929 to the great crisis of 2008 is surely here. In both cases, the government knew what it should do. Both times, it declined to do it. In the summer of 1929 a few stern words from on high, a rise in the discount rate, a tough investigation into the pyramid schemes of the day, and the house of cards on Wall Street would have tumbled before its fall destroyed the whole economy.

It's Up To Us

Posted by Junious Ricardo Stanton on April 20, 2009 at 1:33pm

From The RampartsJunious Ricardo StantonIt’s Up To Us“We must give up the silly idea of folding our hands and waiting upon God to do everything for us. If God intended that He would not have given us a mind; He would not have given us intelligence; He would not have given us His Soul; He would not have placed us here in the midst of creation and surrounded us with all the beautiful things of nature. Whatsoever you want in life you must make up your mind to do it for yourself and accomplish it fo

The D Word

Posted by Junious Ricardo Stanton on April 7, 2009 at 8:38am

From The RampartsJunious Ricardo StantonThe D Word“At the root of the banks’ problems are the large losses they have undoubtedly taken on their securities and loan portfolios. But they don’t want to recognize the full extent of their losses, because that would likely expose them as insolvent. So they talk down the problem, and ask for handouts that aren’t enough to make them healthy (again, they can’t reveal the size of the handouts that would be necessary for that), but are enough to keep them

If They're So Smart, Why Is The US Economy Imploding?

Posted by Junious Ricardo Stanton on December 22, 2008 at 12:30am in Commentery

"The chattering classes still blame desperate borrowers for not reading the fine print, but perhaps they should reserve some vitriol for Wall Street's watchdog. If there's one lesson the commission should have learned long ago, it's that booms aren't fueled by market forces alone, but also by healthy doses of fraud, deception, and unchecked opportunism. And it's invariably everyday folks who pay the price. ‘The SEC, instead of watching Wall Street, insulates it,’ notes Aguirre. ‘The subprime iss

Since You're Giving Away All That Money ...

Posted by Junious Ricardo Stanton on December 10, 2008 at 7:08pm

From the RampartsJunious Ricardo StantonSince You’re Giving Away All That Money . . .“The financial meltdown has been and will continue to plunge the working class into levels of destitution worse than those seen in the “Great Depression.” As a prelude to this banking, Wall Street and our government squanders taxpayer money on idiotic schemes to prop up bankrupt Illuminist banks, Wall Street, insurance companies and select Illuminist corporations. In that process faithful workers are thrown onto

Twnty-Three and Counting

Posted by Junious Ricardo Stanton on December 6, 2008 at 1:18pm

From the RampartsJunious Ricardo StantonTwenty-Three and Counting “WASHINGTON (AP) -- Regulators on Friday shut down First Georgia Community Bank, the 23rd U.S. bank failure this year. The Federal Deposit Insurance Corp. was appointed receiver of the bank, located in Jackson, Ga. It had $237.5 million in assets and $197.4 million in deposits as of Nov. 7. The FDIC said all the failed bank's deposits will be assumed by United Bank of Zebulon, Ga. Its four branches will reopen Saturday as offices

In Other News ...

Posted by Junious Ricardo Stanton on November 8, 2008 at 2:39pm

From The RampartsJunious Ricardo StantonIn Other News...“WASHINGTON (AP) -- Regulators shut down Houston-based Franklin Bank and Security Pacific Bank in Los Angeles on Friday, bringing the number of failures of federally insured banks this year to 19. The Federal Deposit Insurance Corp. was appointed receiver of Franklin Bank, which had $5.1 billion in assets and $3.7 billion in deposits as of Sept. 30, and of Security Pacific Bank, with $561.1 million in assets and $450.1 million in deposits a

ramparts (7)

Government Complicity In The Current Depression

It's Up To Us

The D Word

If They're So Smart, Why Is The US Economy Imploding?

Since You're Giving Away All That Money ...

Twnty-Three and Counting

In Other News ...

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