Swamped with your phone calls, House Republicans, have come up with another idea: Instead of just buying the worthless mortgages, make the banks buy insurance from Washington, which would pay on those that default.
A spokesman for House Minority Leader John Boehner, R-Ohio, cautions that House Republicans have not signed on to anything.
which was initially published in June 2004, is to create an international standard that banking regulators can use when creating regulations about how much capital banks need to put aside to guard against the types of financial and operational risks
Why would a firm remove itself from the list? Len Goldberg, the CEO of Greenlight Capital, told us it wasn't a tough decision. "It's prety simple really. We believe our shareholders are better off by having the market determine our stock
Rick Davis, John McCain's campaign manager, has remained the treasurer and a corporate director of his lobbying firm this year, despite repeated statements by campaign officials that he had ended his relationship with the firm in 2006, according
Gov. Sarah Palin could not name a single instance in which Sen. John McCain has advocated for more regulation of the market -- a position that, in the wake of crisis in the housing and financial markets, the Arizona Senator has adopted as his own.
Flash video explains chart showing the Fed taking liquidity OUT of the market, right when they're begging Congress to authorize generating $700b more. Is Bernanke trying to precipitate more bank failures to upgrade the fear factor?
Sales of new one-family houses in August 2008 were at a seasonally adjusted annual rate of 460,000. This is 11.5 percent below the revised July rate of 520,000 and is 34.5 percent below the August 2007 estimate of 702,000.
The House of Representatives on Wednesday approved a $25bn package of low-cost loans to help hard-pressed carmakers
As with the 25 other ongoing FBI inquiries involving the mortgage debacle, the main focus of interest is whether companies and their executives misled investors and auditors when they put a value on their mortgage-related investments.
Hong Kong newspaper cited unidentified industry sources as saying the instruction from the China Banking Regulatory Commission (CBRC) applied to interbank lending of all currencies to U.S. banks but not to banks from other countries.
It is to all intents and purposes a national suicide note of the United States of America, a contract with the devil that absolutely guarantees irrevocable national decline.
Statement Before the Financial Services Committee, "The Future of Financial Services: Exploring Solutions for the Market Crisis," September 24, 2008
Whenever a Great Bipartisan Consensus is announced, and a compliant media assures everyone that the wondrous actions of our wise leaders are being taken for our own good, you can know with absolute certainty that disaster is about to strike.
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In case you missed Bush's speech you can see it in this MSNBC Clip. This is a critical juncture. We absolutely need your help for another massive Fax-In, Phone In to sink this $700 billion boondoggle. Start Faxing If you do not have internet faxi
Of course they asked for the moon without any oversight or conditions,... then it's to the negotiation table where there are concessions for trillions of dollars they should never even have a chance of getting under any conditions!!!!!!
Treasury Secretary Henry Paulson said he was agreeing to demands from critics in both parties to limit the pay packages of Wall Street executives whose companies would benefit from the proposed bailout. (big f'ing deal... NOthing, Nada Zip for th
In a Letter from Ron: Time is running out Ron Paul is urging everyone to "Call Them!". Just do it. We are winning the battle to kill Paulson's socialistic bailout of the wealthy at the expense of the common taxpayer. The phone-in is
The focus of my research over the next few days is the effect and the reasoning behind the halting of short selling. Here are just a couple of thoughts I have that will help guide my questioning and research.
SHOULD CONGRESS BAILOUT WALL STREET TO HELP MAIN STREET? Oppose the $700 Billion Mortgage Bailout! Tell Congress, Pres. Bush and Secretary Paulson what you think of this plan.
``I am betting on the Congress doing the right thing for the American public and passing this bill,'' Buffett said. The economy is ``everybody's problem,'' he said, likening it to ``a bathtub -- you can't have cold water in th
The number of parents, siblings and other relatives who live with adult heads of households grew 42% from 2000 to 2007, according to data released Tuesday by the U.S. Census Bureau.
Fate May Rest With Shelby http://globaleconomicanalysis.blogspot.com/2008/09/fate-may-rest-with-shelby.html
Another Mad Rush To Judgment http://globaleconomicanalysis.blogspot.com/2008/09/another-mad-rush-to-judgment.html Mish
The Young Turks
Values continue to tumble, down 5.3% in August alone, pushing all homeowner’s net-worth lower and many into an even deeper negative-equity position and an exponentially greater chance of loan default.
Submit bad assets you'd like the government to take off your hands. And remember, when estimating the value of your limited edition Hanson CD "MMMbop", it's not what you can sell these items for that matters, it's what you thinkEntered By: Brock Lorber