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‘Left, Right & Center’: More Banking Shenanigans, Forestalling Foreclosure

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Posted on Feb 20, 2009
Left, Right & Center
kcrw.org

This week’s episode of “Left, Right & Center” finds the full lineup of co-hosts—Matt Miller, Tony Blankley, Arianna Huffington and Robert Scheer—debating the latest developments in the unholy marriage between big banks and the U.S. government, speculating about what might be done about the American auto industry and doing a little on-the-fly analysis of comparative economic systems. Listen and learn.

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By SteveL, February 22 at 4:18 pm #

Leading economic indicators are positive for January and February.  Maybe the 5 $billionaires that control all the news have an agenda

The Conference Board Leading Economic Index™ (LEI) for the U.S. increased 0.4 percent, The Conference Board Coincident Economic Index™ (CEI) decreased 0.5 percent and The Conference Board Lagging Economic Index™ (LAG) decreased 0.1 percent in January.


The LEI increased for the second consecutive month in January, but November and December values were revised down as new data for manufacturers’ new orders became available. Between July 2008 and January 2009, the LEI decreased 1.9 percent (a -3.7 percent annual rate), faster than the decline of 1.1 percent (a -2.1 percent annual rate) during the previous six months. In addition, the weaknesses among the leading indicators have remained widespread in recent months.

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By Mr. Natural, February 22 at 2:52 am #
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I was always taught to NEVER invest more than I could afford to LOSE.  Investing is gambling - SIMPLE ENOUGH.  If our new pals in WAH DEE SEE would cut up 75bln among us citizens we would spend it and whatever banks that were still afloat would get their share.  Yes?  No?

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By Purple Girl, February 21 at 2:53 pm #

It’s time to make these ‘Free Marketeers’ Prove their claims. Oh they are titallated by the American Atuo makers going out of business, Homeowers having to ‘Lie in their beds’. So where’s their ‘survival of the fittest’ when it comes to Banks?Why not just let them go belly up. Don’t give them anymore out of the TARP and see if they Sink or Swim. I fthey sink so does all the paper they’ve been using as money.Therefore every mortgage the hold, every car & eduation loan and Credit card debt they ahve levered off and gambled on repayments be Excused. Free Home, No laon payments - that would inject a Great deal of not only money into the economy, but rebound consumer Confidence.These Gamblers Lost, so why are we Refilling theri coffers. Who does that for those at the Strip in Vegas? Youu gamble away your kids college fund, no ones replenishing your pockets.
Granted nationalizing the Banks would take the remaining money out of these impulsive recklesss childrens hands, but to only turn around to hand it back to them all fixed and New to do this all again is Insane, criminal.
If my kid borrows my car, wraps it around a tree during a high speed chase from the cops..I’m not going to go out a week later and buy him a brand new Corvette.
Live up to your claims ‘Free marketers’, let these companies go exitinct,seize the top brasses assets like they do to small biz owners and let the debts owed to them go with them- shit out of luck on your bad biz decisions.That would instill Ethics and Accountablity immediately into the system and nearly every American would keep more money in their pockets, or increase our spending again. Now That’s Stimulus package Repugs could Sell to the American Public.Not this BS Tax cut mantra they’ve been chanting for decades- Can’t get taxes out of an Unemployed Homeless, deadbroke ‘stone’ anyway.

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