American cities are in crisis — property taxes are way down, and abandoned homes are bringing down property values, inviting crime, and draining government coffers. Neighborhoods are being destroyed. Yet the federal bailout money is not going directly to desperate communities and homeowner...
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Nov. 24 (Bloomberg) — Christopher Whalen, managing director of Institutional Risk Analytics, talks with Bloomberg’s Deirdre Bolton and Erik Schatzker about the outlook for the US banking industry. Whalen also discusses the risk of more bank failures and funding of the Federal Deposit Insur...
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(60 sec.) Investors will scrutinize May U.S. CPI data for hints on interest rates; Subprime problems grow; JPMorgan heads for new World Trade Center.
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This film explains how and why over $12 trillion of our money vanished into the AMERICAN CASINO and reminds us that it’s regular American taxpayers who are now bailing out the financial institutions responsible for the Wall Street crash.
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