Archives for “Paulson”

Does anyone else find this shameful? In a speech this morning, Paulson laid out his priorities for some $350 billion of the bailout fund that remains ...

First, I'll start with a must read macro-perspective from the inestimable Noam Chomsky: The United States effectively has a one-party system, the business party, with two ...

“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 ...

There's a myriad of causes at the heart of this crisis, from mortgage and appraisal fraud, to CDO squared derivatives, to rating agency and monoline ...

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 ...

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 ...

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 ...

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 ...