From kansascity.com
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2008 Financial Crisis
This zine contains articles pertaining to the collapse of several major financial institutions in 2008.
Do you think the House of Representatives's initial rejection of Bush's $700 billion bailout plan is good or bad for the economy?
24 votes so far
Leader:
Bad. It just makes a bad situation worse.
Bad. It just makes a bad situation worse.
52%
48%
75%
25%
Are gas prices under $2/gallon good or bad for the country in the long term?
4 votes so far
Leader:
Good. It keeps money in the pockets of the people.
Good. It keeps money in the pockets of the people.
Wallowing up to the federal feeding trough, right next to the bankers, governors, mayors and corporate welfare queens here comes Hustler's Larry Flynt and Girls Gone Wild Chief Erection Officer Joe Francis. Although I suppose that, like with foregoing repeal of DOMA and “don't ask don't tell”, the counsel of pentecostal preacher, Howard Dean hack and Democratic Convention CEO Leah Daughtry will persuade President Obama not to bailout the porn industry---- but my gawd is this thing ever...
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Treasury Secretary Henry Paulson on Wednesday said the best option for the future of Fannie Mae and Freddie Mac could be for the mortgage giants to be run like public utilities.
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In what could be his last speech as Treasury secretary, Paulson said that allowing the two companies to return to their previous operating approach was not an option.Fannie Mae and Freddie Mac were taken over by the government in...
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Workers Laid Off, Execs Paid Off by Amy Goodman - The Capital Times / Common Dreams The global financial crisis deepens, with more than 10 million in the U.S. out of work, according to the Department of Labor. Unemployment hit 6.7 percent in November. Add the 7.3 million "involuntary part-time workers," who want to work full time but can't find a position. Jobless claims have reached a 26-year high, while 30 states reportedly face potential shortfalls in their unemployment insurance pools...
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The government has taken extraordinary measures to keep this economy that most people have thought was capitalist and dominated by a free market from collapsing: the Federal Reserve has been buying trillions of dollars of assets of poor quality. This is something that central banks aren’t ever supposed to do in Capitalism. They are supposed to buy only sound assets, in so doing, preserve good banks, and let the dunderheads collapse. Then the market will once again do its magic. They tried...
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WASHINGTON | Treasury Secretary Henry Paulson on Wednesday said the best option for Fannie Mae and Freddie Mac could be for the mortgage giants to be run like public utilities.
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Treasury Secretary Henry Paulson said the best option for the future of Fannie Mae and Freddie Mac could be for the mortgage giants to be run like public utilities. Fannie Mae and Freddie Mac were taken over by the government in September and placed ...
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- Henry Paulson Video Gallery (search.live.com)
Treasury Secretary Henry Paulson recommended replacing Fannie Mae and Freddie Mac with utility-like companies that would guarantee mortgages without maintaining investment portfolios. “A public utility-like mortgage credit guarantor could be the ...
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In the early days, every public official associated with TARP--the $700 billion Targeted Asset Relief Program--promised openness and transparency.
"We need oversight," Treasury Secretary Henry Paulson declared on September 23 to the Senate Banking Committee. "We need protection. We need...
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From huffingtonpost.com
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U.S. Treasury Secretary Henry Paulson. Outgoing U.S. Treasury Secretary Henry Paulson reflected on the downfall and future of embattled mortgage giants Fannie Mae and Freddie Mac in a speech before the Economic Club of Washington on Wednesday. He ...
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From search.live.com via
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Outgoing U.S. Treasury Secretary Henry Paulson reflected on the downfall and future of embattled mortgage giants Fannie Mae and Freddie Mac in a speech before the Economic Club of Washington on Wednesday. He argued that there was widespread ...
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WASHINGTON (Dow Jones) - Outgoing Treasury Secretary Henry Paulson on Wednesday outlined four long term options for Fannie Mae and Freddie Mac ...
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