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ECONOMIC-MELTDOWN

The Vine
The Critical Unraveling of U.S. Society
Source: ampedstatus.com

You may have missed it in the mainstream news media, but statistical societal indicators are reading red across the board. Before exposing the root causes of this breakdown, let's look at some vital statistics and facts:

Rep. Mel Watts Guts the Fed Transparency Act
Source: Reddut,cin

"Oct. 30 (Bloomberg) -- Representative Ron Paul, the Texas Republican who has called for an end to the Federal Reserve, said legislation he introduced to audit monetary policy has been "gutted" while moving toward a possible vote in the Democratic-controlled House."

Goldman Sachs Defends Trading Practices: Dark Pools, Flash Trading, Short Selling
Source: The Huffington Post

In a document handed to the US Securities and Exchange Commission (SEC), the investment bank asserts that such practices, some of which the SEC is looking to restrict, actually benefit investors by increasing competition and reducing costs.

MERS Losing! Stop Your Foreclosure, Share with Others
Source: Daily Kos

In court cases in KS, OH, NY, NV and MA human beings are saving their homes from foreclosure by demanding that banks produce the Note.

Here We Go Again: Wall Street to Pursue Profit in the Bundling of Life Insurance
Source: The New York Times

After the mortgage business imploded last year, Wall Street investment banks began searching for another big idea to make money. They think they may have found one.

Crisis and Hope: Theirs and Ours
Source: Common Dreams

For the West the phrase "the crisis" has a clear enough meaning: the financial crisis that hit the rich countries with great impact, and is therefore of supreme importance. But even for the rich and privileged that is by no means the only crisis, nor even the most severe.

Oil Supplies Running Out; Could Impact Economic Recovery
Source: petroleumworld.com

The world is heading for a catastrophic energy crunch that could cripple a global economic recovery because most of the major oil fields in the world have passed their peak production, a leading energy economist has warned.

Banking Bandits Get Their Reward
Source: Truthdig

By now everybody must know that the top banking executives responsible for our economic meltdown have no shame.

American Express Exec's Thomas Schick $1.8 Million Sale
Source: Financial News

How do you still feel about American Express? Feel like your fees just bought someone a big house or a few luxury cars?

Bail-Out Bonuses at Banks that Got the Most $ from U.s. - $1 Million a Head...Hundreds and Hundreds of Heads
Source: The New York Times

Thousands of top traders and bankers on Wall Street were awarded huge bonuses and pay packages last year, even as their employers were battered by the financial crisis. More Articles

Hope, caught up in a sea of obstruction
Source: The Boston Globe

HERE'S THE situation: President Obama maneuvered a stimulus package through Congress that, after being reduced to attract additional senators, has proven insufficient to stimulate the economy.

Taibbi responds to critics of his Rolling Stone Goldman-Sachs article
Source: trueslant.com

Matt Taibbi responds to two criticisms of his blistering article about Goldman-Sachs. The criticisms are: You're clearly anti-semitic in targetting Goldman. It wasn't just Goldman doing this stuff, why focus on them?

don't miss this interview. Peter Schiff predicted the economic collapse and people laughed. Now he's making more tough predictions; are we going to listen?
Source: thedailyshow.com

John Stewart seems to have a way of getting the most important ideas out when my local tv station has completed missed the complex issues behind the collapse.

Pakistan Should Exploit American Desperation
Source: Pakalert.Wordpress

This is the time for Islamabad to exploit Washington's desperation. SecDef Robert Gates is pleading Asia to support America's failed Afghan project, while his colleague the U.S. Treasury Secretary is begging China to continue financing the U.S. government.

David Stevenson On GM Crisis
Source:

What was the problem with GM? Just about everything. Years of excess production capacity, old-fashioned models and a legacy of providing over-generous healthcare and pension benefits have finally taken their toll.

LDV vans to apply for administration
Source: BBC News

Malaysian firm Weststar has withdrawn from its planned deal to acquire LDV vans, forcing the firm to apply for administration.

General Motors. From biggest carmaker to biggest bankruptcy
Source: BBC News

At its height, General Motors (GM) was bigger than any other car company in world. Founded when the US still had fewer than 10,000 cars in total, the carmaker was once the symbol of American prestige and its brands respected all over the world.

U.S. Program to Help Banks Sell Bad Assets Is Halted
Source: The New York Times

...some analysts said the banks' reluctance to clean up their balance sheets meant they were merely postponing their day of reckoning. Indeed, some analysts said government policies had made it easier for banks to gloss over their bad loans. More Articles

Every HR Professional's Nightmare: Anxiety' hitting British workers'
Source: BBC News

Someone chuckled when I said, "I have felt like 2.5 million since I have been away from that toxic cesspool. Stress kills."

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