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Take the large-cap companies that have held up "reasonably well" thus far and also are "legacy" firms - that is, firms that have been around for a long time and thus have pension obligations on their books. Zero the stock price of
Obama’s proposal to make the government the sole provider of federally backed college lending threatens to diminish Sallie Mae and leave it a servicer and debt collector...
This country is broken and the pirates are running off with the loot. For some reason we are running after them begging to take our last pennies and then to throw us off a cliff.
If this plan stays and we go forward with this, we can forget about nationalization since so much money will be given into the furnace that is our financial sector. That is, we will burn through our capital and it will be too late.
The addition of economic news to the daily roundup of terrorist attacks and surveillance reports appears to reflect a growing belief among intelligence officials that the economic meltdown is now preeminent among security threats facing the United St
The spy shop that brought you the Bush administration's warrantless wiretapping program wants to expand its power under President Barack Obama, the nation's top intelligence chief told Congress Wednesday, in a little-noticed intelligence grab
Dr. Wortham is author of The Other Side of Racism: A Philosophical Study of Black Race Consciousness which analyzes how race consciousness is transformed into political strategies and policy issues.
Mr. President, Fannie Mae Reported A Fourth Quarter Loss Of $25.2 Billion. Can you please tell us where you draw the line on taxpayer bailouts of Fannie Mae? Freddie Mac? AIG? Mr. President is there a line anywhere, on anything?
Well, the higher investment stake creates an enormous incentive for John Q. Public to continue to pour money into Citi, regardless of valuation. The inept banking giant then has access to infinite amount of capital, courtesy of you, the 1040 filers.
There’s no price tag on the CAP, at least until the stress tests are over in April. If most of the 19 banks were determined to need additional capital, the Obama administration would have to seek much more Wall Street bailout money from Congress.
Troubled US mortgage finance giant Fannie Mae said Thursday it lost almost 60 billion dollars last year and asked the Treasury Department for a further 15.2 billion dollars in aid.
Former US Ambassador Chas Freeman is tapped as the next chairman of the National Council of Intelligence. And while there is grumbling about his ties to the Saudi royal family and his views on Israel, this uncovered is pretty stunning:
“Counterparties around the world continue to have significant exposure to AIG, and market conditions continue to be fragile and sensitive to the potential disorderly failure of AIG,” said the Federal Reserve. Can you say China...
In his book, “The Plan: Big Ideas for America,” Emanuel writes: “It’s time for a real Patriot Act that brings out the patriot in all of us. We propose universal civilian service for every young American. Americans between the ages of 18 and 25 will b
“The Rahm Emanuel and Amy Rule Charitable Trust was formed in 2002, when the Chicago lawmaker was first elected. The former Clinton White House aide and his wife, Amy Rule, are its only donors.”
Even with all the savings, the cost of the $787 billion economic stimulus bill will push the deficit for this year to $1.75 trillion, a level - as a percentage of the economy - not seen since World War II.
Expect taxpayers to be forced into supporting Citigroup at substantially above market prices. Remember, taxpayers are on the hook for $300 billion in debt guarantees for which we got a lousy $7 billion in preferred shares.
The spending blueprint, being sent to Congress today, anticipates the government will run a deficit totaling $1.75 trillion in the year ending Sept. 30, equivalent to about 12 percent of the nation’s gross domestic product.
A Zombie Bank is a financial institution whose liabilities outweighs it assets, making its net worth “less than zero.” ZBs continue to operate because of the implicit or explicit government guarantee — along with truckloadsof taxpayer monies.
"I think it is reasonable for Obama to prove his citizenship status thus certifying his eligibility. I too raised my right hand and swore an oath to defend the Constitution of the United States," he told Taitz.
[W[hen it comes to banks and other “too big to fail” entities, the problem is severe: we taxpayers in our respective countries are funding these global monsters and are coughing up money for mistakes made by bankers who retain their bonuses and are h
There are truly outrageous increases in "domestic spending" programs, putting the meat around one of Obama's chief of staff Emmanual's often-cited maxims: "never waste a crisis when you can use it to advance your agenda."
In his first speech to Congress, the new president threw down a 90-month-old gauntlet, reaffirming the notion that committing to war halfway around the world -- in Afghanistan and now in Pakistan too -- will make Americans safer.
Ross will provide Mrs. Clinton with "strategic advice and perspective on the region, offer assessments and also act to ensure effective policy integration throughout the region," Wood added.
Standing before the nation on a "day of reckoning," President Barack Obama summoned politicians and public alike to forge a path out of the worst economic disaster by embracing shared sacrifice and costly new endeavors
I just don’t get it. And my sinking feeling that the administration plan is to rearrange the deck chairs and hope the iceberg melts just keeps getting stronger.
"As an officer, my sworn oath to support and defend our Constitution requires this" (It's ABOUT DAMN TIME!)
President Obama is benefiting from remarkably high levels of optimism and confidence among Americans about his leadership, providing him with substantial political clout as he confronts the nation’s economic challenges and opposition from nearly all
A new report is stating today that the President Obama has secretly ordered the ‘immediate’ opening of America’s vast gulag of concentration camps, built since 2001 and estimated able to hold a further 1 million
Locke, a Democrat, would be Obama's third choice for the post after his first two nominees, New Mexico Governor Bill Richardson and Republican Senator Judd Gregg, withdrew their names from contention.
