Foreclosures in Phoenix Set a New Record for One Week: 2,210

10-05-08 • HousingDoom.com

That indicates the number of foreclosed properties in January could be double the 3,295 tracked by Arizona State University across the county in August.

Ron Paul’s Texas Straight Talk on the Bailout

10/04/08 • emac.blogs.foxbusiness.com

If there’s anyone in Congress who should feel like he has been shouting into a field of cotton, it should be Congressman Ron Paul (R-Texas). And sometimes a journalist just needs to yield the platform for once, for God’s sakes, to someone who is t

Job Losses Pushing U.S. Economy Into `Significant' Recession

10-04-2008 • Bloomberg.com

Oct. 4 (Bloomberg) -- The U.S. may be heading for its worst recession in at least a quarter century as the credit crisis forces employers across the country to cut workers and ratchet back spending.

European Leaders Pledge to Continue Bailouts, Toughen Rules

10-04-2008 • Bloomberg.com

Oct. 4 (Bloomberg) -- European leaders pledged to continue bailing out their own nations' banks, stopping short of a regional rescue effort, in response to the global credit crisis.

Bailout 101: What new law says (let's look, after it is passed)

10-04-2008 • CNN

Here's a rundown of key provisions of the financial rescue plan. (blah blah blah

Bush: Effects of financial bailout will take time

10-04-2008 • Reuters.com

One day after Bush signed the $700 billion rescue package into law, he sought to assure the public the government would be careful in implementing the legislation aimed at easing a credit crisis that has created turbulence in global financial markets

Fiscal Crisis Is Hitting Some States Hard

10-4-2008 • Washington Post

The U.S. financial crisis is hampering the ability of many state and local governments to borrow cash for short-term expenses and is threatening to delay long-term road, school and airport projects, including some in the Washington area.

Wells Fargo agrees to buy Wachovia; Gov't. objects

10-4-2008 • AP

A battle broke out Friday for control of Wachovia, as Wells Fargo agreed to pay $14.8 billion for the struggling bank, while Citigroup and federal regulators insisted that Citi's earlier and lower-priced takeover offer go forward.

Long Island pols explain why they passed bailout bill

10-03-2008 • Newsday

WASHINGTON - They all voted "yes" on the Wall Street bailout - and in an unusual gesture, Long Island's House delegation issued a joint statement Friday explaining their reasons for supporting the unpopular $700-billion package.

Paulson Moves On to Nuts and Bolts of "Rescue"

10-4-2008 • Washington Post

The Treasury faces a delicate balancing act to properly price the assets it will buy. Under the bill, they can purchase any financial firm that has a meaningful presence in the US and to any assets that are being held by these companies.

Treasury to Hire Asset Management Firms to Jumpstart Rescue

10-03-2008 • Bloomberg.com

Oct. 4 (Bloomberg) -- Treasury Secretary Henry Paulson is hiring as many as 10 asset-management companies to join the lawyers and bankers he is recruiting to kickstart the government's new $700 billion bank-rescue program.

House approves extension of jobless benefits

10-3-2008 • AP

The House voted Friday to extend unemployment benefits to those who have exhausted their current benefits. The vote came hours after learning of another jump in the jobless rate and after the House had approved a massive financial rescue plan for Wal

Dems praise Obama on bailout, GOP says little

103-2008 • Politico

Democrats were far more vocal in crediting Obama’s intervention than Republicans were in acknowledging McCain's role.

Bailout vote-switchers tell their stories

10-3-2008 • Politico

Members of a Republican women’s club in Andrews, Texas, applauded Rep. Mike Conaway during a speech earlier this week for voting against the landmark financial markets rescue plan. Now he has some explaining to do.

Traitors pass bailout, Bush signs, stock market falls

10-3-2008 • Reuters

Stocks, which had been higher before the vote, dropped, with the S&P 500 index closing at its lowest level in almost four years. The dollar was also in retreat.

You're Going To Guarantee A Depression!!! Ron Paul

10-03-2008 • YouTube

Ron Paul continues to try to educate the people who should already know this. What will it take for them to wake up???

Who was more prophetic than Ron Paul?

10-03-2008 • Youtube

I don't have to tell you things are bad. Everybody knows things are bad. It's a depression. Everybody's out of work or scared of losing their job. The dollar buys a nickel's worth; banks are going bust; shopkeepers keep a gun under th

Roll Call 681 - House Bailout Bill

10-03-2008 • house.gov

Here is who voted for or against the amended bailout bill in the house today. Shadegg flipped as expected Flake voted against.

What were Paulson and Bernanke <i>really</i> up to?

10-03-2008 • Fisher Investments

These investment advisors take their best shot at explaining how Paulson and Bernanke destroyed Wall Street for the banking industry. [Adobe .pdf file -- long, but worth it.]

House starts voting on $700B bailout bill (just got word it passed)

10-03-2008 • AP

Member after member went to the well of the chamber to voice discomfort and displeasure with many aspects of the bailout legislation. But they also said said they would vote for it anyway. And nearly 30 who voted against it changed their minds.

Schwarzenegger to U.S.: California needs $7-billion loan within weeks

10-03-08 • LAtimes.com

California Gov. Arnold Schwarzenegger, alarmed by the ongoing national financial crisis, warned Treasury Secretary Henry M. Paulson on Thursday that the state might need an emergency loan of as much as $7 billion from the federal government within we

Employers cut jobs by most in more than 5 years

10-3-2008 • AP

Employers slashed payrolls by 159,000 in September, the most in more than 5 years, a worrisome sign the economy is hurtling toward a deep recession. The reduction in payrolls was much sharper than the 100,000 cuts economists were forecasting

US banks borrow record amount from Fed

10-03-2008 • Times Online

US banks borrowed a record $367.8 billion a day from the Federal Reserve in the week ended October 1. Data from the US central bank shows how much financial institutions are relying on the Fed in its role as lender of last resort as short-term fundi

Insurance stocks drop after Sen. Harry Reid comment

10-20-2008 • Reuters

Insurance stocks, led by Hartford Financial, Principal Financial and MetLife, fell on Thursday, a day after the head of the Senate raised the question of whether a well-known insurer could be in financial trouble.

Animal Instincts: Main Street Seeks Revenge on Wall Street

10-2-2009 • LiveScience

The outrage expressed by many so-called Main Street folks over the proposed Wall Street bailout is based on more than a sense of injustice. It's about revenge, a basic animal instinct shared by humans, chimpanzees and even blue-footed boobies.

House Leaders Scramble for Votes with New Inducements

10/02/2008 • The New York Times

House Republican leaders struggled on Thursday to persuade some of their members to reverse course and support the $700 billion economic bailout package, but both parties said that they were guardedly optimistic about winning final passage.

Fed Considers Lowering Interest Rates

10/02/2008 • The New York Times

Even if Congress approves President Bush’s $700 billion rescue plan for Wall Street, with the slowing economy, Fed officials are considering yet another reduction in the central bank’s benchmark interest rate.