Tag: bailout

Two Types of Romnesia

Romnesia is a memory malady typified by the 2012 United States presidential candidate, Mitt Romney. There are at least two types of this malady. The first type is the habitual politician’s flip-flop, but, upon taking the “flop” position, blacking-out on…

Old Law Could Stop Corporate Dinosaurs

Haplocanthosaurus, where it belongs. Cleveland Museum of Natural History Since U.S. states abandoned their old laws that curb corporate power, many corporations have become dinosaurs — huge beasts that have outlived their time, but that keep on stomping through the…

Band-Aid Still Stuck on Big Bailout Banks

In September last year, the Bush regime left behind its old refrain that “the fundamentals of the economy are strong,” and went to Congress for a quick $700B to bail out collapsing banks stuck with toxic assets.x60x61 Then-Treasury Secretary Henry…