Weill suggested investment banks should be split from banks that provide retail and commercial banking services. In other words, banks should not be gambling with investments, but restricted to providing basic banking services. [...]
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Bernanke’s Fed lends $6.9 TRILLION to his friends at Morgan Stanley, Citigroup, Bear Stearns, and Merrill Lynch. [...] Beginning April, Citibank reserves the right to require seven (7) days advance notice before permitting a withdrawal from all checking, savings and money market accounts. [...] As we correctly predicted, the U.S. is beginning to call in its markers. If you read the fine print on the U.S. conversion of its Citigroup debt to ordinary shares in the company, you could have predicted it too. [...] Obama’s own publication, THE JOB IMPACT OF THE AMERICAN RECOVERY AND REINVESTMENT PLAN, shows only minimal short term gains for his trillion dollar bailout plan. [...] Citigroup, better known as Citibank, has now been bailed out by our federal government. This action is both gratuitous and illegal. It is not the position of our government to show favoritism. There is a legal mechanism for companies in trouble – we all know what it is – it’s called bankruptcy. Bankruptcy comes [...] |
U.S. college debt, student loans, at nearly $1 trillion, is larger than housing or credit card debt.
In addition, 37% of workers surveyed felt that women who had slept with their bosses improved their career chances by doing so. US healthcare worst, and most expensive.
The U.S. is a worse place for newborns than 68 other countries, including Egypt, Turkey and Peru, according to a report released on May 6, 2013 by Save the Children. Canadians live three years longer and are healthier than Americans, and the lack of universal health care in the United States may be a factor, researchers say.
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