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The Federal Reserve approved the conversion last night of the two remaining investment titans on Wall Street, Goldman Sachs and Morgan Stanley, into bank holding companies, offering them broader government protection in exchange for tighter regulatio
"I've been financially responsible with my own money. Why should I now be responsible for the fact that you were not?" he said. This may be a Main Street bailout backlash in the making. The details of the financial crisis are still hard
Foreign banks, which were initially excluded from the plan, lobbied successfully over the weekend to be able to sell the toxic American mortgage debt owned by their American units to the Treasury, getting the same treatment as United States banks.
Democratic leaders have broadly embraced the administration's proposal to spend up to $700 billion to take troubled assets off the books of faltering firms and are not questioning the need to give the Treasury Department expansive authority to ha
Two thousand years ago, a Roman Senator suggested that all slaves wear white armbands to better identify them. "No," said a wiser Senator. "If they see how many of them there are, they may revolt."
The document reveals a number of profoundly significant - and worrying - strategic positions that have been adopted as official doctrine by the US military. In its preamble, it predicts a post cold war future of "perpetual warfare".
After shopping for a lower rate on life insurance I decided on a package that requires me to provide a blood sample. The company is A.I.G. Now that the government owns 80% of the company, I have to ask a simple question.
Bunning said earlier this week. "The only difference between what the Fed did and what Hugo Chavez is doing in Venezuela is Chavez doesn't put taxpayer dollars at risk when he takes over companies -- he just takes them."
As economic theory developed and deepened, it became obvious that there was an inherent conflict between standard "micro-economic" theory, and factual observations of the business cycle.
What caused this? It is a simple question, and yet answers are all over the map, as you might expect. Here's mine in two words: fiat money. The word fiat means: out of nothing. Money out of nothing is money that is eventually worth nothing.
(A black Internet Preacher defends Bristol Palin by trashing Obama's "trashy Momma" - After watching this then you might understand how the attack on Bristol Palin is likely to go away)
(You just can't make this stuff up) Wall Street is being called upon to manage its own mortgage mess. As part of the government bailout of the financial industry, the Treasury has floated a plan with industry executives that envisions the $700 b
The U.S. dollar used to be backed by gold. Today it is backed by bananas. Anyone buying dollars today will loose money. The average citizen will experience hyperinflation, destitute, poverty, and social unrest due to flagrant bank mismanagement says
This is a very interesting synopsis on the Global Money Supply. Look at the last graph -- who has the most gold to circulating currency ratio? Venezuela with 178% gold to currency. The total money supply in the U.S. is 13.8 trillion.
Inquiring minds may wish to consider a recap of things that have happened since Paulson made his "Our banking system is a safe and a sound one" speech.
The financial bailout has some pundits blaming capitalism. But, government interference and “political capitalists” are the real culprits. “Caution: Government at Work”.
A greater consideration is just exactly who does the DTC hold these securities for? As the owner, who has the DTC pledged these securities to? Our research points to the Federal Reserve System, an international private banking cartel ...
The Pentagon is so concerned about the free flow of information on the interenet and its complete inability to control it, the web is refered to as an “enemy weapons system.” Just who are they refering to as the “enemy?”
Treasury Secretary calls on Congress to move fast to approve bill that would let Treasury spend as much as $700 billion to buy troubled mortgage-related assets. (not even a word from Obama or McCain???)
Listen closely to his best case scenario for the housing market, and overall economy.
10 U.S.C. (United States Code) Sec. 375. "...does not include or permit direct participation by a member of the Army, Navy, Air Force, or Marine Corps in a search, seizure, arrest, or other similar activity unless participation in such activity
Nothing better reflects the amount of fear among banks in America - banks everywhere - than the sky-high rates they're continuing to charge when lending to each other.
He explicitly says that it will buy assets at above market prices (although he still claims that they are undervalued) because the holders won't sell at market prices. Anna Eshoo pressed him on how the government can compel the holders to sell...
Rumors persist that Joe Biden will be dropped from the Obama-Biden ticket during “the first week of October”. We visited Barack Obama campaign offices in 3 states. What did we find? No Obama-Biden materials. When will they be available? We were told
"He's asking for a huge amount of power," said Nouriel Roubini, an economist at New York University. "He's saying, `Trust me, I'm going to do it right if you give me absolute control.' This is not a monarchy."
A federal judge ordered Dick Cheney to preserve a wide range of the records from his time as vice president. This is a setback for the Bush administration in promoting a narrow definition of materials that must be safeguarded under by the Presidentia
[What do you mean "may," tool?] In a change from the original proposal sent to Capitol Hill, foreign-based banks with big US operations could qualify for the Treasury Department’s mortgage bailout, according to the fine print of an administ
... the global drug connection, and its connections to what has been called an "alternative" or "shadow" CIA. I shall then show how this network, of banks, financial agents of influence, and the alternative CIA, contributed to the
The TSA's primary operational hub was re-named the Freedom Center, symbolizing the agency's commitment to protecting the nation's transportation systems against terrorist threats.
Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.
