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Despite opinion polls showing that the public was warming to the idea of a rescue plan – and efforts by congressional leaders on both sides of the aisle to round up support – the measure failed (do you feel like you are being set up?)
History of the United States National Debt: An Analysis of the Presidents Who Are Responsible for the Borrowing - By Steve McGourty
Entered By: Powell Gammill
H R 3997 Vote description: To Amend the Internal Revenue Code of 1986 to Provide Earnings Assistance and Tax Relief to Members of the Uniformed Services, Volunteer Firefighters, and Peace Corps Volunteers, and for Other Purposes (What?)
In a vote that shook the government, Wall Street and markets around the world, the House on Monday defeated a $700 billion emergency rescue for the nation's financial system, leaving both parties and the Bush administration struggling to pick up
(Click on the small colored boxes to see how your individual congressman voted - Arizona congressmen are holding out for a much larger severance package)
At the first presidential debate, the candidates of the Left-Right Party Ra’ed the bailout, Ra’ed the war, and Boom-di-A’ed the Warfare-Welfare State of America.
National Debt has increased a stunning $895 billion over the last 12 months (from Sept 26, 2007 to Sept 26, 2008). Shocking.
"The legislation may have failed; the crisis is still with us," said House Speaker Nancy Pelosi, D-Calif., in a news conference after the defeat of the $700 billion bailout plan.
Forget trying to find evidence that there used to be water on Mars. Scientists from NASA said today that its instruments on the Red Planet have detected falling snow
The package will surely pass in the next few days, since the alternative would be the failure of every leading bank in America, the inability of the US Government to honor its guarantees and the bankruptcy of many large US corporations,
As investors around the world hung on every twist and turn in Washington, Belgian-Dutch group Fortis was nationalized and British mortgage lender Bradford & Bingley faced the same fate. [You didn't think the robbery was only in America, did you?]
"$700 billion is a drop in the bucket" [Isn't this what Ernie has been saying?"]
Dear Editors, Stephen Lendman is only half right with today's tract on the economic debacle the country is in. He fails to mention that The Fed is also under the control of Congress since its chair is appointed by
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Fear swept across the financial markets Monday, sending the Dow Jones industrials down as much as 705 points, after the government's financial bailout package failed the House. [Who will betray us and switch their vote?]
Do you feel that? For a brief moment in time you can actually feel value going in to your wallet!
The Leadership apparently intends to use a process known as “martial law” to allow these bills to be brought to the floor very shortly after negotiations are completed, with the result that Members of the House are likely to have virtually no time to
"I think you definitely lose money on this $700 billion structure," Whitney said. "There's no idea where house prices bottom, and as a result how can you make money on this transaction?"
A security is not worth what someone will pay for it, but what a mathematical model says it will be worth if held to maturity based on assumptions chosen by the banks. This is mark to make-believe.
There’s no time to hold hearings on the proposed $700-billion bailout, but surely they’ve all got an hour or two to answer a few questions. Here are six, in fact, each easily answerable in 10 minutes or less.
Steal Our Videos and Help Wake Others! [ janejensen.net ]
The Federal Reserve will pump an additional $630 billion into the global financial system, flooding banks with cash to alleviate the worst banking crisis since the Great Depression.
After Hannibal had crossed the Alps and beaten the Roman army twice, the alarmed Roman Senate spent the nation's treasure and sent eight legions against the invader. Up to then, Rome had rarely thrown more than two legions into battle. But when t
The global financial system the U.S. designed had anticipated that American banks and financial firms would be the world's financial lifeguards; now those institutions are like exhausted swimmers a stroke or two away from drowning.
The bill would require the administration to bring to Congress for review — but not approval — any agreement it reaches with Iraq on the future of U.S. forces there.
As you awake and "poor" your first cup of coffee, I have one simple question for the American people. “HAVE YOU LOST YOUR COLLECTIVE MINDS?”
In an appeal to working class voters, Barack Obama claimed his economic plan would save millions of backbreaking, mind-numbing shitty jobs.
Washington's complicity in the crime of the century.
Section-by-section breakdown of the "Emergency Economic Stabilization Act of 2008," otherwise known as the $700 billion Wall Street bailout bill. The 106-page bill established sweeping powers for Treasury Secretary in carrying out what the
Mike Renzulli urges you to call, e-mail or write your representatives in Congress today and tell them to reject ANY bank or homeowner bailouts while telling the President to veto automaker subsidies.
Gives the Treasury Secretary extraordinary power to decide how the $700 billion bailout fund is spent. For example, he may buy not only mortgages and mortgage-backed securities, but any other financial instrument.
