10 June 2011

The E-Trade Baby Loses It All

Serial Refinancing On Homes Discussed On CNBC





The destruction of the middle class will not be televised – 56 percent of American workers have less than $25,000 saved. Even worse 60 percent of retirees have less than $50,000 saved. 45 million on food stamps and the consequences of peak debt.

Senator Bernie Sanders (I - VT) Says "The Middle Class Is Collapsing!"

Senator Bernie Sanders (I-VT) is angry with the wealthiest people in our society and giant corporations which are not paying a nickel in taxes. He also wants to rapidly withdraw from Aghanistan, bring our troops home, and reinvest the money squandered on wars on rebuilding the US infrastructure:

CNN: 48% of Americans Believe We Are Heading Into Another Great Depression In The Next 12 Months: Violence Is A Possibility

Neil Barofsky Interviewed By Dan Rather: "You Should Be Scared. I'm Scared. You Can't Not Be Scared . . . "

A short and bitter interview with the former Special Inspector General for TARP, Neil Barofsky, who warns that the next round of bailouts would have to exceed $5 Trillion in up front costs for the biggest institutions. Barofsky says he has no idea where the US could come up with that kind of money.

When pressed by Dan Rather who asks "Are you scared?", Barofsky answers, "You should be scared. I'm scared. You can't not be scared. You can't look at what happened in the run up to 2008 and see how it's not going to repeat itself, given what we've done."

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