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The scenes over the past several days in places like Nashville, Tenn., Anniston, Ala., and western North Carolina looked like file footage from 1979 - with bags over empty gas pumps and quarter-mile long lines of cars waiting to fill up at stations t
I’ve been speculating all week that the pressure being used on the Congress to pass the Paulson Plan is the threat of Fed illiquidity. As of two weeks ago, the Fed had lent out more than $600 billion of its $800 billion balance sheet
House Democrats say the idea of letting judges rewrite mortgages to help bankrupt homeowners avoid foreclosure won't be a part of the $700 billion financial industry bailout.
Who won the first debate between John McCain and Barack Obama? In the Mainstream Media--where Democrats have a history of "winning" the debates--it was Obama. Was this another case of "our candidate, our polls, our call"?
His tactics are to carpet-bomb the banking system with federal funds. The upshot, in Jeffersonian terms, is that US taxpayers are about to be enrolled in an economic chain gang.
Newman had a soft spot for underdogs in real life, giving tens of millions to charities through his food company and setting up camps for severely ill children. Passionately opposed to the Vietnam War...
"Fast food is convenient. This $700 billion package must ease the concerns and build up confidence. But if you only take this, it doesn't agree with your stomach. You should think about Chinese slow cooking and slow food," he said, prom
Barbara used to work in housing finance - this is the double whammy of the housing collapse where many who worked in the sector lost their jobs and their homes.
The exercise is seen as key to China's ambition to build an orbiting station in the next few years.
For who cares if Goldman Sachs and Morgan Stanley endure if the issuance of $700 billion more in government bonds drives interest rates way up, diverts credit from the private economy, devalues the already sinking dollar...
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."
Entered By: Forty Four O Nine
Former presidential candidate Ron Paul wants no part of the $700B bailout plan.
“So now they try to solve the problem by having this credit bubble actually extended and I think the $700 billion will be like a drop in the bucket because the total credit market in the U.S. is something close to $60 trillion,and the CDS market of $
Iran is on its way to mastering technology that would enable it to build atomic bombs, if it so chose, International Atomic Energy Agency director Mohamed ElBaradei said in remarks published on Friday.
U.S. European Command has deployed to Israel a high-powered X-band radar and the supporting people and equipment needed for coordinated defense against Iranian missile attack, marking the first permanent U.S. military presence on Israeli soil.
The seeds of the House Republican revolt over the financial industry bailout were sown in an e-mail message circulated Monday night as internal animosity built quickly over the Bush administration’s request for $700 billion to prevent an economic col
Russia continued its international muscle-flexing, strengthening its ties to Venezuela through a $1 billion military loan and a new oil consortium as it announced an upgrade of its own military focusing on nuclear deterrence and permanent combat read
By Friday, after almost a week of marathon talks between Treasury Secretary Henry Paulson and key lawmakers in both parties, the working version was up to 102 pages.
U.S. President George W. Bush is moving to suspend longtime U.S. trade benefits for Bolivia because of that country's failure to cooperate in drug-fighting efforts in the past year, the top U.S. trade official said on Friday.
The ease with which someone can circumvent the watch lists illustrates the utter futility of identity-based security programs as a whole. Rather than waste time and money, and needlessly sacrifice liberty in the process of conducting this security th
Mike Renzulli comments on the amazing effort to put Boston Tea Party Presidential candidate Charles Jay and Barry Hess as his Veep as a write-in candidates in November.
Gasoline shortages hit towns across the southeastern United States this week, sparking panic buying, long lines and high prices at stations from the small towns of northeast Alabama to Charlotte in the wake of Hurricanes Gustav and Ike.
In fact, he didn't even have to be there to win it. Link goes to a video you've seen before. Why? Because it's more important than ever (even for us) to listen to truth and reason after being subjected to lies and propaganda. Enjoy the re
I feel like I was intellectually abused.
"This is a controlled demolition of the U.S. Banking system. Hank Paulson has become the arsonist and pyromaniac-in-chief whose job it is to bring down the U.S. Banking system floor by floor without upsetting his Chinese and middle eastern maste
This plan is nothing less than the full-scale humiliation of the middle & working classes in addition to the non-financial sectors to support the transition of the primary dealers into full-scale banking monoliths.
It is a disgrace that no professional economist was consulted by Congress or invited to present his/her views at the Congressional hearings on the Treasury rescue plan.
The US has been so hurt by the financial turmoil that markets now view its credit worthiness as akin to - or even worse than - that of McDonald’s, a shocking fact even if you believe that both are fronted by clowns. [this is not an edit!]
There is no nice way to say this, so I will be blunt: Our credit markets had contracted a hideous STD—a securitization transmitted disease—for which lowering the funds rate to negative real levels seemed to me to be not only an ineffective treatment
Most of USC Title 50, the encodation of War and Emergency Powers, is also based on the authority of the government as authorized by the Act of 1917, section 5b, as amended, March, 1933. (We are very very very Screwed)
