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The Myth that Sold the Financial Bailout
Today marks the sixth anniversary of the collapse of Lehman Brothers. The investment bank's bankruptcy accelerated the financial meltdown that began with the near collapse of the investment bank Bear Stearns in March 2008 and picked up steam with Fannie Mae and Freddie Mac going under the week before Lehman's demise.
What Does The Media Do?
What do reporters do all day? In "Exclusive!" "Shocking!" "Extra, Read All About It!" breaking news, AuContrarian.com published the damning testimony of Treasury Secretary Hank Paulson, Federal Reserve Chairman Ben S. Bernanke, and New York Federal Reserve President Timothy Geithner in " Sell Financial Stocks - and Bonds " . Quoting from their own words, from the "The Plaintiff's Corrected Proposed Finding of Fact," in Starr International Co.
Wall Street Journal
2008 Meltdown Was Worse Than Great Depression, Bernanke Says
Former Federal Reserve Chairman Ben Bernanke , a prominent student of the Great Depression, contends that the 2008 financial crisis was actually worse than its 1930s counterpart.
U.S. confident its $5 billion S&P lawsuit was not retaliation
The United States, which is suing Standard & Poor's for $5 billion over its credit ratings, said on Monday it is confident that documents the rating agency wants for its defense will not show that the lawsuit was filed in retaliation for a downgrade of the country's debt.
Capital Offenses: The Artwork of Stephen Barnwell
Through a series of reimagined banknotes, coupons, and stamps, Barnwell, in the manner of much activist art, appropriates the aesthetic of the establishment in order to comment on and critique it.