Sunday, September 21, 2008

The High Cost of Bailouts Lies Ahead

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Fortune Magazine says rather than government intervention, the financial industry needs consolidation: Henry Paulson and Ben Bernanke have ...
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Saturday, September 20, 2008

Do You Support Henry Paulson?

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Do you support what Tr easury Secretary Henry Paulson has done so far? Why?
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Against The Large Mortgage Bailout

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Enough is enough! When will these bailouts end? The AP Reports : The Bush administration asked Congress on Saturday for the power to buy ...
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Southern California Home Prices Plummet

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From CNN Money: The median home price in Southern California fell 34% in August from last year, a research firm said Wednesday. The cost of ...
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Stiglitz: How to Prevent a Repeat of this Financial Crisis

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Nobel Laureate Joseph Stiglitz gives his prescription for preventing this type of crisis from happening again: This is not the first crisis...

Another Bank Failure! Whoo-Hoo!

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From CNBC: Regulators closed on Friday Ameribank , which became the 12th bank failure this year as the struggling economy and falling home p...
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Foreclosures Hit a New Record High

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From CNN: Foreclosures hit another record high in August: 304,000 homes were in default and 91,000 families lost their houses. More than 770...
Friday, September 19, 2008

The Trillion Dollar Bailout... And Counting

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CNBC says the bailouts have cost over $900 billion , so far: The U.S. Federal Reserve stepped in to rescue insurance giant American Interna...
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SEC Bans Shorting of Financial Stocks

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Within hours after U.S. presidential candidate John McCain threatened to fire SEC chairman Christopher Cox for not enforcing the rules agai...
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Thursday, September 18, 2008

US Financial Leadership Cannot be Trusted

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The financial leadership in the United States cannot be trusted; from the huge debts racked up by the government to the speculative investme...
12 comments: