<table cellspacing="0" cellpadding="0" border="0" ><tr><td valign="top" style="font: inherit;"><span style="font-style: italic;">Here's an article from the World Can't Wait national website with more links at the end.</span><br><br><table class="contentpaneopen"><tbody><tr><td class="contentheading" width="100%">Wall Street Meltdown: Financial Crisis and Turmoil Grow </td>
<td class="buttonheading" align="right" width="100%">
<a href="http://www.worldcantwait.net/index2.php?option=com_content&do_pdf=1&id=5049" target="_blank" onclick="window.open('http://www.worldcantwait.net/index2.php?option=com_content&do_pdf=1&id=5049','win2','status=no,toolbar=no,scrollbars=yes,titlebar=no,menubar=no,resizable=yes,width=640,height=480,directories=no,location=no'); return false;" title="PDF">
<img src="http://www.worldcantwait.net/templates/rt_chromatophore/images/pdf_button.png" alt="PDF" name="PDF" align="middle" border="0"></a>
</td>
<td class="buttonheading" align="right" width="100%">
<a href="http://www.worldcantwait.net/index2.php?option=com_content&task=view&id=5049&pop=1&page=0&Itemid=289" target="_blank" onclick="window.open('http://www.worldcantwait.net/index2.php?option=com_content&task=view&id=5049&pop=1&page=0&Itemid=289','win2','status=no,toolbar=no,scrollbars=yes,titlebar=no,menubar=no,resizable=yes,width=640,height=480,directories=no,location=no'); return false;" title="Print">
<img src="http://www.worldcantwait.net/templates/rt_chromatophore/images/printButton.png" alt="Print" name="Print" align="middle" border="0"></a>
</td>
<td class="buttonheading" align="right" width="100%">
<a href="http://www.worldcantwait.net/index2.php?option=com_content&task=emailform&id=5049&itemid=289" target="_blank" onclick="window.open('http://www.worldcantwait.net/index2.php?option=com_content&task=emailform&id=5049&itemid=289','win2','status=no,toolbar=no,scrollbars=yes,titlebar=no,menubar=no,resizable=yes,width=400,height=250,directories=no,location=no'); return false;" title="E-mail">
<img src="http://www.worldcantwait.net/templates/rt_chromatophore/images/emailButton.png" alt="E-mail" name="E-mail" align="middle" border="0"></a>
</td>
</tr>
</tbody></table>
<table class="contentpaneopen"><tbody><tr>
<td colspan="2" class="createdate" valign="top">
Wednesday, 24 September 2008 </td>
</tr>
<tr>
<td colspan="2" valign="top">
<script type="text/javascript" language="JavaScript">var sburl2780 = window.location.href; var sbtitle2780 = document.title;</script><script type="text/javascript" language="JavaScript">var sbtitle2780=encodeURIComponent("Wall Street Meltdown: Financial Crisis and Turmoil Grow"); var sburl2780=decodeURI("http://www.worldcantwait.net/index.php?option=com_content&task=view&id=5049"); sburl2780=sburl2780.replace(/amp;/g, "");sburl2780=encodeURIComponent(sburl2780);</script><div style="float: right; margin-left: 10px; padding-bottom: 10px; text-align: right;"><script>reddit_url=sburl2780;</script><script language="javascript" src="http://reddit.com/button.js?t=2"></script><iframe src="http://www.reddit.com/button_content?t=2&url=http%253A%252F%252Fwww.worldcantwait.net%252Findex.php%253Foption%253Dcom_content%2526task%253Dview%2526id%253D5049" scrolling="no" width="52" frameborder="0" height="80"></iframe></div><p><i>by Kenneth
Theisen</i><br></p><p><img src="http://tbn0.google.com/images?q=tbn:4BZmaGRiTh2tAM:http://www.abc.net.au/reslib/200710/r195372_742203.jpg" mce_src="http://tbn0.google.com/images?q=tbn:4BZmaGRiTh2tAM:http://www.abc.net.au/reslib/200710/r195372_742203.jpg" alt=" " align="left" border="0" vspace="1" width="145" height="118" hspace="3">As the last couple weeks have clearly demonstrated, the U.S. is in the
midst of a destabilizing financial crisis which has not been seen since
the Great Depression. While financiers and politicians attempt to “fix”
this crisis, the masses of people in this country and in the world
continue to pay the price for an imperialist system that is built on
the exploitation of the billions of people for the benefit of a
relative few. While trying to shift the financial cost of this crisis
from the ruling class to the masses, the Bush regime may also implement
further repressive machinery in order to stem resistance.<br>
<br>
Three of the five largest independent investment banks have gone out of
existence since April of this year. The feds have had to takeover
Fannie Mae and Freddie Mac, the two mortgage-finance giants and to take
a substantial ownership interest in American International Group (AIG),
one of the largest insurance-financial firms.<br>
<br>
</p>
<p>This financial crisis was not brought on my mismanagement, excessive
greed, or too much or not enough regulation. Yes these factors were
present, but the reality is that the U.S. imperialist system brought on
this crisis. The ruling class is very worried that its entire house of
cards could collapse unless it can stem the crisis.<br>
<br>
While millions of people here in the U.S. face the loss of jobs, homes,
and their future; and people overseas may literally starve, those at
the top of society are only interested in saving themselves and their
fellow members of the ruling class.</p><p><b>And do not expect Barack Obama or John McCain to come to the rescue of
the masses. As several of the articles with links that are attached
will show, both of these candidates have surrounded themselves with
advisors who are closely tied to the causes of the financial crisis.
Obama and McCain were chosen as candidates of their party because they
have demonstrated their allegiance to the ruling class. Whichever one
is elected, he will do his duty to protect the imperialist system that
has brought on this crisis.<br><br>
But the crisis is not over and there is no guarantee that it will not
actually deepen, both here and internationally. The financial crisis
will continue to hurt hundreds of millions of people and this may lead
to further repression to stop resistance. The Bush regime has put into
operation the means for such repression over the last seven plus
years. We must resist any such oppression, while at the same time
building a movement to remove the various laws, regulations,
presidential directives, institutions, etc. that enable such repression.<br><br>
The links to articles below reveal much about the present crisis.
While the articles do not necessarily pose the solutions necessary,
they do expose the extent of the financial crisis and how it impacts
the present situation in the world. WCW will continue to provide
coverage on these issues.</b> <br></p><p><!-- Xtypo - Extra Typografi For Joomla Template By http://www.templateplazza.com -->
</p><div>
<div style="margin: 0px auto; background: rgb(255, 255, 255) url(mambots/content/xtypo/rounded2/left.gif) repeat-y scroll left top; width: 100%; -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial;">
<div style="background: transparent url(mambots/content/xtypo/rounded2/topleft.gif) no-repeat scroll left top; width: 100%; height: 20px; -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial;">
<span style="background: transparent url(mambots/content/xtypo/rounded2/topright.gif) no-repeat scroll right top; display: block; position: relative; height: 20px; -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial;"> </span>
</div>
<div style="margin: -1px 0pt 0pt; padding: 1px 20px 1px 25px; background: transparent url(mambots/content/xtypo/rounded2/right.gif) repeat-y scroll right top; position: relative; -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial;">
<div style="color: rgb(51, 51, 51);"><h3><b>Further analysis:</b></h3><p>Phoenix Business Journal: <a href="http://www.bizjournals.com/phoenix/stories/2008/09/15/daily24.html?jst=b_ln_hl" target="_blank" mce_href="http://www.bizjournals.com/phoenix/stories/2008/09/15/daily24.html?jst=b_ln_hl">McCain, Obama target, accept funds from Wall Street bankers</a> <br><br>New York Daily News: <a href="http://www.nydailynews.com/money/2008/09/16/2008-09-16_john_mccain__barack_obama_both_have_advi.html" target="_blank" mce_href="http://www.nydailynews.com/money/2008/09/16/2008-09-16_john_mccain__barack_obama_both_have_advi.html">John McCain & Barack Obama both have advisers tied to Wall Street mess</a> <br><br>OpEdNews.com: <a href="http://www.opednews.com/articles/1/Days-from-Economic-Meltdow-by-M-Davis-080922-333.html" target="_blank" mce_href="http://www.opednews.com/articles/1/Days-from-Economic-Meltdow-by-M-Davis-080922-333.html">Days from Economic
Meltdown: "Dr. Doom" says up to 33% of regional banks could fail</a> <br><br>The Nation: <a href="http://www.thenation.com/doc/20081006/henry" target="_blank" mce_href="http://www.thenation.com/doc/20081006/henry">Socialism for Bankers, Savage Capitalism for Everyone Else?</a> <br><br>The Nation: <a href="http://www.thenation.com/doc/20081006/sumner" target="_blank" mce_href="http://www.thenation.com/doc/20081006/sumner">John McCain: Crisis Enabler</a> <br><br>Counterpunch: <a href="http://www.counterpunch.org/hudson09222008.html" target="_blank" mce_href="http://www.counterpunch.org/hudson09222008.html">Will the Cure be Worse Than the Crisis? The Paulson-Bernanke Bank Bailout Plan</a> <br><br>Counterpunch: <a href="http://www.counterpunch.org/whitney09222008.html" target="_blank" mce_href="http://www.counterpunch.org/whitney09222008.html">Fallout Over Mainstream. Mushroom Clouds Over Wall Street</a> <br><br>Counterpunch: <a
href="http://www.counterpunch.org/jacobs09222008.html" target="_blank" mce_href="http://www.counterpunch.org/jacobs09222008.html">Swimming Lessons for Washington and Wall Street. The Predators' Bailout</a> <br><br>Counterpunch: <a href="http://www.counterpunch.org/hudson09202008.html" target="_blank" mce_href="http://www.counterpunch.org/hudson09202008.html">The Market and the Terminator Machines. America's Own Kleptocracy</a> </p></div>
</div>
<div style="background: transparent url(mambots/content/xtypo/rounded2/bottomleft.gif) no-repeat scroll left bottom; width: 100%; height: 20px; -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial;">
<span style="background: transparent url(mambots/content/xtypo/rounded2/bottomright.gif) no-repeat scroll right top; display: block; position: relative; height: 20px; -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial;"> </span>
</div>
</div>
</div></td></tr></tbody></table><br><br><div id="RTEContent"><div id="RTEContent"><div><strong> </strong><em></em><span style="font-weight: bold;"><span style="font-style: italic;"><span style="color: rgb(255, 0, 0);">Declare It Now! Wear Orange!</span><br>Impeach Bush & Cheney for War Crimes<br>& Crimes against Humanity!<br></span></span><span style="color: rgb(0, 127, 64); font-weight: bold;"></span></div></div></div><br><br>--- On <b>Fri, 9/26/08, Daniel Stafford <i><aqmstaffo@mailbag.com></i></b> wrote:<br><blockquote style="border-left: 2px solid rgb(16, 16, 255); margin-left: 5px; padding-left: 5px;">From: Daniel Stafford <aqmstaffo@mailbag.com><br>Subject: [CitizensTruth] So Wall Street Wants A Bailout - But To Hell With Main Street - Or Else!<br>To: "IL Progressive Dems" <PDI@illinoisprogressives.org>, "AB_Progressives" <AB_Progressives@yahoogroups.com>, "Progressive" <progressive@yahoogroups.com>,
DiehardDems@yahoogroups.com, "Citizen's Truth" <CitizensTruth@six.pairlist.net><br>Date: Friday, September 26, 2008, 8:01 PM<br><br><div id="yiv1811513291">
<b>So Wall Street Wants A Bailout - But To Hell With Main Street - Or
Else!</b><br>
<br>
We are threatened with another "great" Depression if we don't bail out
the banks - we have to add to our debt to make up for their bad debt -
or else.<br>
<br>
No thanks. These people have broken the unspoken contract with everyday
people long ago. <br>
<br>
They kept jacking up the prices, charging more and ever more "fees" and
interest, all the while running non-stop advertising; "Buy this, you'll
be ten years younger." "Buy the big house, you'll be able to afford it,
you'll get raises later or you can sell it at a profit." Yet the raises
never come, are never enough, and you can't sell it at all anymore. "If
you don't buy this new TV/Stereo/phone/computer/car/_____ you'll be
obsolete, you'll be a bum, you'll be yesterday's news." They deregulate
the utility prices, and I don't know a soul not paying at least double
if not triple what they were paying for natural gas and electric five
years ago. Yet are we taking home triple what we were five years ago? <br>
<br>
People say "free markets, get rid of the regulations, it'll fix
everything, and we'll all be rich and...happy?" So, HOW IS THAT WORKIN'
OUT FOR YA, AMERICA??? They've turned the Ferenghi loose AGAIN, and
look where we are.<br>
<br>
They want to drop another huge economic bomb on the Average Joe/Jane
again? They want to up our taxes again for THAT? We don't pay enough
taxes yet? <br>
<br>
What are we getting for all these taxes we pay? <br>
<br>
The strongest military on Earth? Iraq and Afghanistan have them so
bogged down they can't handle anything else, and the President has to
hire a private army at huge expense to "help out," aka Blackwater and
the like. The National Guard had to be called in so they aren't here at
home when hurricanes and tornadoes and fires come. <br>
<br>
Great health care? You still have to wait to schedule anything
life-threatening, and an awful; lot of emergency rooms have long waits.
What is this, Canada? Nope, the Canadians don't get bad credit because
they don't get billed. Ever looked at how much is deducted from your
check stub every pay day for health "insurance?" I know it's about a
$1,000.00 a month plus for me.<br>
<br>
Great schools? Ever seen our latests rankings against the rest of the
world? How thrilled are teachers with things these days? You know, the
people who actually know how to teach?<br>
<br>
How much cash do you have left to save for retirement or buy Christmas
and birthday presents of late? What? You've been buying those on your
credit cards but they're all maxed out now?<br>
<br>
Isn't consumerism and a government run by "fiscal deregulators" grand?
They think government sucks, and they are running it in a fashion meant
to prove it. To hell with anyone hungry or homeless, or needing an
education so they can be productive. The "mentally disabled?" They got
put out on the streets in the 1980's. Don't look too close at that pile
of reeking old clothes in the alley, America. The physically disabled?
I have friends who are fighting chronic illnesses that are being
treated like dirt and left without medications or food left right and
sideways these last few years. <br>
<br>
Got great jobs America? How's the fast food and discount store market
doing ya? Hey, didn't you used to work at the factory down the street?
Too bad they moved production to Taiwan/Mexico/China/Korea/Vietnam -
yep, Vietnam. I have shirts made there. These days, I'm pleasantly
shocked when I can find a product with "made in the USA" on its label.
I still wonder about the parts that went into it, if its anything
nearly complicated to have parts. Guess you'll have to drive that hour
or two into the city, if you can find something there that covers your
gasoline costs. Or you can go on the train and spend double the time in
transit unless you're lucky enough to live right on top of the tracks.<br>
<br>
Got a clean environment? Living polar bears or any fish in the oceans?
Fish you can eat more than once a week without getting mercury
poisoning?<br>
<br>
I could go on and on, but "privatization" and "free markets" have
brought us to the point where the only American companies making any
money are defense contractors and oil companies.<br>
<br>
All this, and the bosses want to drop economic Armageddon on us if we
don't all fork over about $3,000.00 - just for starters, might be more.<br>
<br>
I don't think so. <br>
<br>
How about we all do this - stop paying that mortgage that is eating
half or more of your paycheck. Just cut it out, stop sending the
checks. Cancel the homeowners' insurance, the car insurance, the health
insurance. Don't drive a friggin' mile you don't have to. Stop paying
credit card bills. Don't buy a dang thing you don't absolutely have to
in order to eat and keep from freezing. Turn the thermostat way down or
burn wood. Turn the TV's off, unplug anything you don't have to keep
running. Burn candles unless you really need a big light. Hey, tea
lights are romantic. Let's all develop Great Depression consumption
habits before they hand us the official version. As your surviving
Grandparents for tips. They'll love that you finally had some time to
spend with them.<br>
<br>
You see, we the Average Joes 'n Janes could drop an economy bomb too.
They just don't believe we could all get together enough to do it.<br>
<br>
How about, if Wall Street gets a debt reset on us, we get a debt reset
too? Every loan, globally, at every level, is wiped out. Reset the
entire friggin' WORLD'S balance sheets, or else. Hey, and while your at
it, knock off all the BS fees, give us hand-counted paper elections
reporting at the precinct level with citizen observers guaranteed
seating at the counts, utterly divested media, and a cap on taxation of
5% Federal, 5% state, and 5% local, period, that's all they get and in
sales taxes only.<br>
<br>
Nobody owes anyone a friggin' penny, let alone a dime.<br>
<br>
What do you think, Cats - can we make a herd and whup this mess?<br>
<br>
Oh, and throw in a good night's sleep at least twice a week while
they're at it.<br>
<br>
It's time we got our "ruling-class leaders" to get it: they need to
KISS OUR CLASS.<br>
<br>
Dan Stafford<br>
</div><pre>_______________________________________________<br>CitizensTruth mailing list<br>CitizensTruth@six.pairlist.net<br>http://six.pairlist.net/mailman/listinfo/citizenstruth<br>website: http://citizenstruth.info<br></pre></blockquote></td></tr></table><br>