THOUGHT FOR THE DAY!

"Imperialism today is taking place in the context of...the 'universalization' of capitalism. It is not now primarily a matter of territorial conquest or direct military or colonial control. It is not now a matter of capitalist powers invading non-capitalist powers in order to bleed them dry directly and by brute force. Now it is more a matter of ensuring that the forces of the capitalist market prevail in every corner of the world (even if this means marginalizing and impoverishing parts of it), and of manipulating those market forces to the advantage of the most powerful capitalist economies and the United States in particular." ... "Military force is still central to the imperialist project, in some ways more than ever."-- Political scientist Ellen Meiksins-Wood, Z magazine Nov 1999, p26

 

HAPPY 'KICK OUT THE GOVERNMENT' DAY!!!

 

JPMorgan Gave Lehman $138 Billion After Bankruptcy

JPMorgan Chase & Co. gave $138 billion this week in Federal Reserve-backed advances to the broker dealer unit of Lehman Brothers Holdings Inc. to settle Lehman trades and keep financial markets stable amid the biggest bankruptcy in history, according to a court filing.

Webmaster's Commentary: 

Where did JP Morgan get that kind of cash? The Fed?

Comments

who owns the Fed

barryg

Its my understanding that Chase and JP Morgan together owned 52% of the Fed when it formed and now they are merged so that bank is the Fed. I am pretty sure I read that in a review of the book about Jekyll Island

Federal Reserve-backed advances

bfrank

$138 billion this week in Federal Reserve-backed advances

the fed just keeps on printing new money, it's almost like they want hyper-inflation.

what's the running total of bailouts?

Bear Stearns: $50 B
Lehman: $135 B
AIG: $85 B
F Mac & F Mae $?? B

i'm sure there's more, and that's just in the last few months

Where did JP Morgan get that kind of cash? The Fed?

boulderdash

JP Morgan = Rockefeller = The Fed

When all the smoke clears and there is just one bank left standing, you can bet your last dollar that the Rockefeller family will be in total control.

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