A Litmus Test for Democracy? Democratic Deficits at the Summit for Democracy
Tag: Bailouts
“Meltdown”: How “Hope and Change” led to MAGA
Fed Chair Powell Misleads House Hearing on Wall Street’s Bailout Programs
Fed Chair Powell Misleads House Hearing on Wall Street’s Bailout Programs
It’s factually incorrect for the Fed Chairman to say that it can only make emergency loans with the approval of the Treasury. Months before there was any case of COVID-19 anywhere in the world the Fed was making hundreds of billions of dollars a week in emergency repo loans to Wall Street trading houses. The emergency loans started on September 17, 2019 – four months before the first reported case of COVID-19 in the United States. By January 27, 2020 the Fed’s ongoing cumulative loans to bail out Wall Street’s hubris tallied up to an astounding $6.6 trillion. (See Fed Repos Have Plowed $6.6 Trillion to Wall Street in Four Months; That’s 34% of Its Feeding Tube During Epic Financial Crash.)
Capitalism’s Self-Inflicted Apocalypse
Fossil Fuel Companies Profited, Now We Owe Billions
Fossil Fuel Companies Profited, Now We Owe Billions
This spring, states pitched the Trump administration on an innovative jobs proposal: use federal stimulus funds to hire thousands of unemployed fossil fuel workers to plug oil and gas wells leaking emissions that are intensifying the climate crisis. Instead, the Trump White House funneled nearly $100 billion in bailouts to oil and gas corporations through the Federal Reserve.
Aid to “Badly Managed” States Versus Aid to “Badly Managed” Wall Street Banks
Aid to “Badly Managed” States Versus Aid to “Badly Managed” Wall Street Banks
This latest Wall Street crisis and bailout did not start with the pandemic. It began four months before the first reported death from COVID-19 anywhere in the world.
Second Stimulus Negotiations Appear To Be At A Standstill, Here’s What Could Happen Next
Small farmers left behind in Trump administration’s COVID-19 relief package
Crisis and Virus: COVID-19 in Context
It has been over forty years since Thatcher and monetarism, thirty years since the Canada-US Free trade agreement came into effect, and twenty years …
Crisis and Virus: COVID-19 in Context
Ms. Cat’s Chronicles 
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