Tag archive for ‘Billion Dollars’
By Joe Biden’s standards - I’m a Yankee Doodle Boy…
(Washington, D.C.; Right Commentary): Last Thursday, Democratic vice presidential candidate Joe Biden said that paying more of your income in taxes is the patriotic thing to do. Well Joe, if that’s the case, then I’m a “Yankee Doodle Boy,” because I pay an incredible amount of my hard earned cash in taxes. Chances are - [...]
US Government commits to a bailout of the banks…
Following an emergency meeting Thursday night, the Bush Administration and Congress have pledged to work together to commit the US Government to potentially a full intervention in the US financial markets to try to resolve the credit crisis in hopes of staving off broad damage to the United States economy and financial markets.
Can Congress Bailout the US financial System? Should it?
(Washington, D.C. ; Right Commentary): To the American Public, the current financial crisis has many villains but none upon whom clearly to pin the blame. Taxpayers are angry at the notion of having to bail out banks, headed by millionaires, whom they believe cheated them out of values in their homes, and in some cases, [...]
Reserve Money Market Fund Collapses as Lehman default spreads through the market’s balance sheets.
The “Reserve Primary Fund”, just saw its shares fall below $1 a share. For all intensive purposes - this means that the money market fund has collapsed. This is the first, and perhaps most cataclysmic implosion following the wake of Lehman Brother’s collapse Monday morning.
US Treasury enters the Home Mortgage Business
I am sure you have all read by now that the US Treasury Department has effectively “seized” control of the two US home mortgage market corporations - the Federal Home Loan Mortgage Corporation (Freddie Mac) and the Federal National Mortgage Association (Fannie Me) - and placed them under the oversight of the Federal Housing Finance [...]
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