Archives for “bailout”

Now I actually like Sheila Bair better than just about anyone else at the Treasury, FED and FDIC combined, but the talking points on this ...

Via WallStreetWatch.org: The financial sector invested more than $5 billion in political influence purchasing in Washington over the past decade, with as many as 3,000 lobbyists ...

In a sign of what may be the future for more than one former Eastern Block nation, Latvia has defaulted after a week of rumors ...

Joseph Stieglitz to World Economic Forum in Davos: Any decision by President Obama to establish a 'bad bank' to buy up toxic assets would amount ...

“Let me issue and control a nation’s money, and I care not who writes its laws.” -Nathan Rothschild, 1838 We are being robbed blind.  Yes, the ...

This morning I watched this excellent panel discussion with Nouriel Roubini, Brad Setser and Benn Steil. A can't miss macro-discussion of the current ...

Though several watershed events of deregulation and a prolonged flood of Federal Reserve Bank liquidity plainly created the conditions for the real estate bubble, some ...

While the din of fear and panic over the Bailout legislation drowned out the voice of the American public, we learned this week that acting ...

At $45 trillion, the notional amount of CDS in existence is now fast approaching the total amount of credit market debt outstanding in the entire ...

Now that the Senate has passed a boated and, absent raising the FDIC insurance limit- materially indistinguishable bill from the one that the House voted ...

Wow, just wow!  Hopefully they will stay in Washington and implement a plan that has a chance in hell of working. This is a rare victory ...

So far, the revised Paulson Plan looks very bad. Suspends mark-to-market pricing (not surprising, as it would BK many banks), allows banks to maintain ...

We are at a critical juncture in our country's history.  Congress is being pressured to pass a bailout package that will cost the taxpayers trillions ...

Please read this, Petition: Economists against the Paulson Bailout Plan.

Here's the text of what I've been mailing and faxing to my Senators and Representatives in Congress.  Feel free to co-opt all or part of ...

Ok, gentle readers, this is THE moment we have to stop the largest fraud our Government has ever attempted to perpetrate on the taxpayers. ...

"How can we bailout Lehman without the public knowing about it?"  That's about the gist of the current thinking behind Bernanke & Paulson's latest scheming ...

Here's a great historical chart showing the DOW movements against the FED and Treasury interventions over the course of this crisis, good read (PDF): ...

Republican senator (and former Phillies Pitcher!) Jim Bunning calls for the resignations of Treasury Secretary Paulson and Federal Reserve Board Chairman Ben Bernanke. We no longer ...

Opining on the news of the Fannie Mae / Freddie Mac seizures by the Treasury Department, both Presidential candidates, as well as President Bush have ...

Friday, after markets closed, word leaked that the Treasury will announce plans to nationalize Fannie and Freddie in the largest private bailout in our nation's ...

Well, now that the financial train-wreck that has been occurring in slow motion for over a year has finally penetrated the collective consciousness, Federal Bureaucrats ...