Tag archive for ‘Capital Markets’
Reform, not Rescue… Buy in, not Bail Out.
This is a restructuring, not a rescue. It’s a buy in, not a bailout. Congress and the White House need to realize that this effort’s main goal is the stabilization of the financial markets and the recapitalization of the financial system. It is not the time to take the taxpayer’s money and give it to Wall Street. It is not the time to take the taxpayer’s money and give it to homeowners who can’t pay their mortgages. We’re taking the taxpayers money and correcting an error we should have corrected over five years ago - making the markets more transparent and ensuring that people who benefit from risky deals also assume the downside to those deals when they go bad.
What a Lehman Brothers Bank failure could mean for the US economy and banking system.
Even if Lehman can find a buyer, the venerable bank founded by Mayer Lehman in 1850, will be gone forever. Leaving only Goldman Sachs as the final bank standing of those banks that became New York financial titans founded by Jewish immigrants of the mid 1800’s.
Treasury Secretary Paulson - “Markets are Calmer Now”
Washington, D.C. (Associated Press): Treasury Secretary Henry Paulson said Friday that financial markets are “considerably calmer” now than they were two months ago. He predicted the economy will be rebounding by the second half of this year.
In a speech to business executives in Washington, Paulson said the drag from housing, which he characterized as still [...]
The Gathering Storm
Washington, D.C. (Rightcommentary.com): Tonight as I write I feel akin to what Churchill must have felt when he said to Chamberlain, “Britain and France had to choose between war and dishonour. They chose dishonour. They will have war.”
The United States is a culturally diverse country whose citizens are united by their belief in liberty, equal [...]
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