This from a friend in Atlanta with strong banking connections: “ Reliable word that Bank of America branch managers just received a letter or memo from the USFed instructing them to perhaps be ready for a one-week universal shut-down of the banking s
We are talking about fundamentally altering the face of capitalism for at least a generation. Allowing investment banks to go to the government for a $700 billion line of credit is akin to inviting a vampire into the house.
Ralph Nader supports Cindy Sheehan For Congress at Anti-Bailout Protest in San Francisco
The Saginaw home sold for less than the price of a McDonald's value meal. The abandoned home received eight bids on eBay.com and sold for $1.75 Wednesday evening.
GOP Rep. Zach Wamp of Tennessee announced he was switching his vote from "no" to "yes." "If some of us don't change our vote, tomorrow's going to be a real ugly day in America, and I don't want to be a part of tha
Who cares about $700B when the Fed has injected $1.57T in the last few weeks alone, the Pentagon is missing $2.3T (reported Sept 10, 2001), and the doomed derivative market is $1Quadrillion - 10x the total value of all assets on earth.
Did you know it's 451 pages long now?!?!?! Who has had time to read and understand this?Entered By: Trouser Chili
As many as 3,800 U.S. car dealerships could fail this fall and into 2009 -- nearly one in five -- because of weak sales, increased operational costs and the credit crunch, according to a forecast released on Wednesday.
Baer explained further that "conventional war, we could destroy the country in a matter of minutes -- but the point is, it's going to look like World War III."
The creation of the Income Tax, The Federal Reserve, elimination of the Gold Standard, The PATRIOT Act, War after War after War and many other historical markers have led to the ultimate goal of the nationalization of the US economy, sooooo
House members are getting another chance to vote on a financial bailout bill that has infuriated millions of voters after the Senate added tax cuts and other sweeteners and passed it handily. [they're tripping over each other to switch their vote
My name is Wendall Dennis, I am a 74 years old, stroke retired carpenter, A former Texan, now residing with my wife of 49 years in the Culdesac Idaho area. The analysis of the “experts” on the financial bailout, reveals either how out of toucRead Letter
The modified $700 billion Wall Street rescue bill just passed the Senate by a 74-25 vote. Now it heads to the House; if it passes there, onto President Bush who favors the rescue plan. 15 Republicans, nine Democrats and one Independent voted against.
During September, investors pulled $22 billion from U.S. equity mutual funds, compared with $2 billion in August. At the same time $24 billion was also withdrawn from bonds during September, the largest extraction in a single-month.
After one spectacular failure, the $700 billion financial industry bailout found a second life Wednesday, winning lopsided passage in the Senate and gaining ground in the House, where Republican opposition softened.
Question: The United States Congress will be back with another spending bill in the name of saving the economy when...
The Senate is expected to pass the bill, with most Democrats and Republicans behind it. Pressure is also mounting on the House to go along.
Roll Call reports that Congressman John Shadegg -- former chairman of the Republican Study Committee -- has signalled that he's likely to support the Senate market rescue bill when it comes to the House for a vote:
This is the news segment that was run
One traitor is needed to reverse their vote. Rep. John Shadegg of Arizona, a leading conservative, told a Phoenix radio station Wednesday that he'd be "inclined to vote for the bill" if it raised the cap on federal deposit insurance and
Lisa Ling interviews crews as they 'Trash Out' foreclosed homes in So.California's Inland Empire. This video is one of the most gut wrenching segments I have ever seen on this problem.
the Kremlin today states that the US Secretary of the Treasury has informed the China Development Bank that the US has shipped $800 Billion of a new currency called the Amero (I can find no story cooberation)
The focus for the last couple of weeks has been on the credit crisis and the proposed bailout plan, but an even bigger story might be how sharply the economy is slowing. The economic news is grim.
RENO, Nev. (AP) - Democratic presidential candidate Barack Obama is calling for Americans to get behind attempts to salvage a $700 billion rescue plan for the financial sector.
Ron Paul interviewed on CNN about the bailout. September 30, 2008
Behind the scenes on the floor of the house after the failed vote on the $700 billion. What was said and done. (From our man on the scene... Ron Paul :)
WASHINGTON -- Congress will take another run tonight at moving forward on a $700-billion rescue plan for the nation's ailing credit markets, as lawmakers agreed to increase the federal insurance on bank deposits and opponents unleashed a new roun
Congress Floor Monday - 9/29/08 - Ron Paul - Emergency Economic Stabilization Act of 2008