Archive for the ‘Politics’ Category

Was the purpose of the Taxpayer Bailout to Encourage Credit or a Transfer of Wealth to Wall Street Executives?

Richard V asked: The Guardian newspaper in London analyzed corporate pay plans that were recently drawn up by Citigroup, Goldman Sachs, Merrill Lynch, Morgan Stanley, JPMorgan Chase, and Lehman Brothers. The highest-ranking executives of these banks are to split a total of $70 billion in salaries and bonuses this year. Bonuses? The stock prices of [...]

Why did United States support for Saddam during the Iran–Iraq war?

A.E.P asked: According Wiwipedia: The United States supported Iraq during the Iran–Iraq War as a counterbalance to post-revolutionary Iran. This support included several billion dollars worth of economic aid, the sale of dual-use technology, non-U.S. origin weaponry, military intelligence, Special Operations training, and direct involvement in warfare against Iran as well. Support from the U.S. [...]