Dennis Kucinch spells out the “bait and switch” that was pulled by Henry Paulson and the corrupt administration:
Kucinch states, “This is a major economic matter that isn’t being appropriately addressed by the Bush administration and by his treasury secretary. Congress was sold a phony bill of goods… Now you’ve [...]
The global economic storm continues to rage and national governments seem about as commanding in these conditions as small boats tossed around on a tumultuous sea. The week began with an emergency bailout of Citigroup, the world’s biggest bank, by the United States Treasury. A few days later the Federal Reserve [...]
I don’t fully agree with this guy often, but here’s Bill O’Reilly speaking against the auto bailout of the Big Three:
What happens when you agree to dole out $700 billion of taxpayer money directly to corporations? The vultures start circling looking for the remaining specks.
As of this writing, Atlanta, Phoenix, Philadelphia, and now Dallas are lobbying for their own cut of federal tax money to help prop up their cities. [...]
The Wall Street Journal commented on an interesting facet of the bailout bill. Apparently, the Democratic Party has decided to slip in some “scripted dialogue” after the vote on the bailout took place in order to secure more money for the UAW via Detroit’s Big Three:
The plan? Make [...]
Here’s a decent wrap-up of the bailout news from D.C. for this week. Of course, Keith is advocating throwing the money at the auto industry instead of the banks.
The discussion in the news seems to focus around, “Who should get this money?” In my opinion, the real discussion should [...]
There’s a pretty hard-hitting opinion piece by Devvy Kidd over at NewsWithViews.com that goes into morbid detail about all of the evil schemes being concocted by the D.C. crowd.
Rape is an ugly word usually attributed to an attack on a woman. It also means an act of plunder, violent [...]
… Now that the Treasury has abandoned its plan to buy the toxic assets of banks, other companies, including insurers and student loan companies, are lining up too. Many on Wall Street say they believe that the cost of the rescue is certain to exceed the $700 billion that was originally [...]
Looks like our friends to the north are taking the approach that the U.S. has just given up on:
The Canadian government will buy up C$50 billion ($40 billion) more in insured mortgages from banks as part of a series of steps announced on Wednesday to improve the availability of [...]
U.S. Treasury Secretary Henry Paulson sold Congress on the idea of buying mortgage-backed securities which were the “core problem” at the time. However, now he wants to expand the uses of the money to invest in credit card companies and other industries. He held a press conference today explaining that his [...]
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