Archive for October 22nd, 2009

Michael Moore: My Action Plan: 15 Things Every American Can Do Right Now

Friends, It’s the #1 question I’m constantly asked after people see my movie: “OK — so now what can I do ?!” You want something to do? Well, you’ve come to the right place! ‘Cause I got 15 things you and I can do right now to fight back and try to fix this very broken system.

Raymond J. Learsy: Citigroup, Goldman Sachs, Wall Street and the Tolling of the Bell For Ameica’s Meritocracy

In late 2007 and the early days of 2008 Citigroup announced they were cutting 4200 jobs. This shortly after Vikram Pandit, while just six weeks on the job as Citigroup’s CEO, was awarded a $26.7 million stock bonus and 3 million in stock options. This as the bank would then announce that by the end of 2007 it was already holding $18 billion in mortgage backed toxic assets.

Look Who Just Showed Up to the Takeover Party

Look Who Just Showed Up to the Takeover Party by Robert Williams , Publisher Don’t look now, but mergers and acquisitions are back in a big way. September saw roughly $50 billion worth of deals announced involving U.S. companies – an 84% increase over August.

Small Business Bailout: Obama Announces New Program To Boost Lending

nytimes.com : After enduring months of criticism that his administration had done too little to help small businesses weather the recession, President Obama said Wednesday that “there’s still too little credit flowing to our small businesses” and unveiled initiatives he said would open the spigot. The measures, announced by Mr.

WSJ: Is The Housing Market About To Get Even Uglier?

Wall Street Journal : Despite some tentative signs of recovery, the U.S. housing market remains vulnerable to further price drops–especially in areas where large numbers of mortgages are headed toward foreclosure over the next few years. Read the whole story: Wall Street Journal

Wall Street Steps Up Political Donations, Lobbying

RSS2twitter John Mackey: The Whole Foods Alternative to ObamaCare – WSJ.com Jim Towey: The Death Book for Veterans – WSJ.com

Lloyd Chapman: Obama Small Business Plan Falls Short of Real Solutions

Today, President Barack Obama held a press conference in Landover, MD to announce the administration’s plans for a, “New Small Business Lending Initiative.” According to President Obama’s statements, the initiative would focus almost entirely on increasing the ceilings on government loans to small businesses. ( http://bit.ly/47ZRLy ) However, President Obama once again failed to address widespread abuses in federal small business contracting programs, which have lead to the yearly diversion of billions of dollars in contracts intended for small businesses to corporate giants. According to the administration’s most recent small business contracting data, which was released on August 21st, 2009, the top recipient of federal small business contracts during fiscal year (FY) 2008 was Textron Inc

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