Many analysts seem to have missed the fact that the plunge in house prices has sharply reduced homeowners’ equity. According to data from the Federal Reserve Board, the ratio of homeowners’ equity to value at the end of the first quarter was just 38.0 percent at the end of the first quarter, the lowest on record. Prior to the run-up of the housing bubble, the ratio of equity to value had never been below 60 percent and it had been near 67 percent until the late 80s. This massive loss in household wealth explains weaker consumption, not consumer pessimism.
http://www.cepr.net/index.php/graphi...epr+%28CEPR%29
Lawmakers Pull the Blinds on CEO Pay
The House Financial Services Committee voted 33-21 on Wednesday to repeal a provision in last year’s Dodd-Frank financial reform law requiring public corporations to report the ratio between CEO and median worker pay.
http://www.truthdig.com/eartothegrou..._pay_20110628/
http://www.counterpunch.org/winship06282011.html
The really started hitting the fan when the VRWC got the stupid St Ronnie into office, and it hasn't stopped since.
Guess who's holding almost 50% of the debt and raking in the interest on bonds? Wealthy Americans. The wealthy own the country and rent to Human-Americans.
What's the ultimate aim of the conspiracy, maestro? Who intentionally turned the USA into a debt peon and why?
"ultimate aim of the conspiracy"
What's been happening for 30+ years, and what will continue to happen unstoppably:
The rich get insanely richer (with which they buy more influence, more politicians leading to greater concentration of wealth and power and greater inequality), while everybody else gets poorer, or at best stagnates.
This Is Venal, Greedy UCA. It's All About The Benjamins, ripped off from Human-Americans.
Wealth seeks raw power. Seems like more of an eternal conspiracy to me. The last 30 years have hardly been distinctive or unique in that regard.
The only countervailing power to capitalism and corporate power is govt.
Human-Americans are disenfranchised and powerless. Elections are charade.
The backstory to "GOVT IS THE PROBLEM" (thank you St Ronnie, you ing asshole) is that government is THE PROBLEM for capitalists and corporations who want to screw everybody else.
So shrinking the govt, eg killing OSHA, EPA, etc, capturing Treasury/FED/FDA/USDA/etc, and stacking the court system with right-wing activist radicals, is THEIR SOLUTION to THEIR PROBLEM of any limits on their power.
Last edited by boutons_deux; 06-28-2011 at 05:10 PM.
There are currently 1 users browsing this thread. (0 members and 1 guests)
Posting Permissions
Reply With Quote
