Man, this place is fucked.

They get bail outs and earn bonuses for running their corporations into the ground and we get asked for shared sacrifice, e.g., cutting our Social Security, Medicare and Medicaid programs and not refunding our unemployment insurance programs and not creating jobs through a WPA structure.

Sounds like the makings of a General Strike. Just to show the gadzillionaires that their money is worthless until we 99% get a better deal, a better deal than even the old “new deal”.

Bank of America Merrill Lynch is in a frisky mood now that they’ve pawned off $75 trillion in derivatives risk onto the FDIC.

As the great Casey Stengel told us long ago,

Oldtimers, weekends, airplane landings and FDIC resolutions are alike. If you can walk away from them, they’re successful.

We ain’t walking away from this one.

Good morning, pups. It’s Prof. Krugman flying solo today. In “The Hole in Europe’s Bucket” he says it’s looking more and more as if the euro system is doomed as one rescue plan after another falls flat and a vicious circle takes hold.

Here he is.

The coffee and tea are ready, and the biscuits are out of the oven. It’s Monday again. I guess it would be even suckier if we weren’t having such lovely fall weather, but it’s still Monday and that still sucks. Have a great day.

Good morning,

A hard red rain is going to fall. We’ve been bloodletting the world over, now it’s the homeland’s turn.

The credit agencies are correct to lower our rating. The one thing I’m confident in is that no credable plan to reduce the red ink will be forthcoming. The GOPers won’t give the Dems even the slightest amount of new revenue to hide behind and the Dems got to have something to hide behind to vote for an all cuts plan.

Boxturtle (Let the fingerpointing begin!)

Eurpoe has the same problem we do: They’re not politically capable of doing what needs to be done, so they’re trying to survive on rhetoric and half meausres, with a strong dose of austerity.

Boxturtle (everybody clap harder!)

Uhh….

the incomes of the top 1percent of the country rose slightly in 2010 (from $1,909,874 in 2009 to $2,196,124 last year)

That’s not slight by any measure. That’s a 15 percent increase; almost $300000 per. Or, an annual increase equivalent to 11 of those shitty “average” salaries they’re paying the rest of us (when they aren’t laying us off).

Bank of America Merrill Lynch forecasts

Isn’t being called un-creditworthy by BoA-ML like being called a racist by Patrick Buchanan?

“Cavier” — than whom?

(write for a LIVING, anyone?)
;)

Alternative spelling — safe on first. Blog posting is 90% mental — the other half is physical.

Egads, we found it! The part of the New Deal the Banksters Really, Really Like:

New Deal Initiative:

Emergency Banking Act/
Federal Deposit Insurance Corporation(FDIC)

Description:

Emergency Banking Act/Federal Deposit Insurance Corporation (FDIC) Right after taking office as President, FDR shut down all of the banks in the nation and Congress passed the Emergency Banking Act which gave the government the opportunity to inspect the health of all banks. The Federal Deposit Insurance Corporation (FDIC) was formed by Congress to insure deposits up to $5000.

Outcome:

These measures reestablished American faith in banks. Americans were no longer scared that they would lose all of their savings in a bank failure. Government inspectors found that most banks were healthy, and two-thirds were allowed to open soon after. After reopening, deposits had exceeded withdrawals.

…But what about this part? “shut down all of the banks in the nation and Congress passed the Emergency Banking Act which gave the government the opportunity to inspect the health of all banks.”

I’m talking about a Really Stress-ful Test for the Banksters.

http://www.fdrheritage.org/new_deal.htm

gave the government the opportunity to inspect the health of all banks

Boehner and Lil Eric would be part of that, I guess. What could possibly go wrong? /snark

OT. Red alert for any Bush, Cheney or Kristol family members who might be
reading FDL at this early hour: U.S. immigration authorities boost efforts to hunt war criminals

Don’t no one ‘cept the Shrill One know how to play this here game?

Can someone interpret the first comment for me?

You may be right there.

So far, no FDR.

They’re rolling the dice again, goin’ for broke for that big American Fascist Takeover, that they almost had back in the day–except only Cermak took the bullet, and Butler outed them.

So fix the headline already? Part of the purpose of this site is to provide people with correct information and to set a good example for journalism.

Good morning, all.

Ve ar tryink, philS …

Bud den, dees ar tryink tymes.

;~DW

If the world was perfect, it wouldn’t be.

Teacher.

Good morning all.

So fix the headline already? Part of the purpose of this site is to provide people with correct information and to set a good example for journalism.

I am sorry there is a dearth of non-american bloggers therefor you will have to bloody well put up with piss poor spelling and incorrect grammar

Sory, We only wory bout pukuation…..

The 99 % earn $200k or less while the top 1%’s increase in income amounted to an average of $285k.

What’s wrong with that, they’re the job creators after all.

These ratings agencies and their reports are in many ways little more than an instrument of discipline by capitalist ideologues over governments and their populations. Anyone who has lived in a poor countries has seen how the reports are printed, often verbatim, in the local press, often as if oracular, and discussed in hushed tones by politicians and the ruling class. The middle class bows its head and obeys; the poor suffer a little more.

When the revolution comes, they should be on the target list.

There’s a revolution coming? I better stock up on coffee filters.