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OpEdNews Op Eds    H2'ed 2/2/09

"Too Big to Fail": A Bailout Hoax

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[5] William Greider, “Time for a Bank Holiday,” The Nation (19 November 2008), http://www.thenation.com/doc/20081208/greider

[6] Mike Whitney, “Every Trick in the Book,” Information Clearing House, click here

[7] Jonathan Stempel, “Jim Rogers calls most big US banks bankrupt," Reuters (11 December 2008), click here

[8] Anil Kashyap, Professor at University of Chicago’s Booth School of Business, as quoted by Kathleen Pender, “Government bailout hits $8.5 trillion,” San Francisco Chronicle (26 November 2008), click here ; see also the Financial Times Alphville: http://alphaville.ftdata.co.uk/lib/inc/getfile/4214.gi

[9] Bradley Keoun, “Citigroup Gets Guarantees on $306 Billion of Assets,” Bloomberg (24 November 2008), click here

[10] MISH’E Global Economic Trend Analysis, “Extreme Leverage In Reverse Portends Global Systemic Crash,” click here ; based onto Financial Times Alphaville: http://alphaville.ftdata.co.uk/lib/inc/getfile/4214.gif

[11] William Greider, “Time for a Bank Holiday,” The Nation (19 November 2008), http://www.thenation.com/doc/20081208/greider ; see also Naomi Klein, Robert Kuttner and Michael Hudson, Robert Kuttner and Naomi Klein, “Dissect Obama's New Economic Team & Stimulus Plan,” click here

[12] Michael Harrington, The Other America (Penguin Books: 1962).

[13] As described in Wikipedia: “Socialism for the rich and capitalism for the poo,” click here

[14] As cited by P. Sainath, “The Free Falling Economy,” Counter Punch (23 January 2009), http://www.counterpunch.com/sainath01232009.html

[15] Ibid.

[16] Jerry White, “The capitalist market and Obama’s stimulus plan,” World Socialist Web Site (27 January 2009),

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Ismael Hossein-zadeh is a professor of economics at Drake University, Des Moines, Iowa. He is the author of the newly published book, The Political Economy of U.S. Militarism His Web page is http://www.cbpa.drake.edu/hossein-zadeh
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