Tag archive for ‘Chi’
Why the Fed saved AIG and not Lehman
(Washington, D.C. ; Right Commentary) The U.S. Federal Reserve Board reversed course Tuesday night and agreed to an $85 billion bailout of global insurer American International Group (AIG), giving the U.S. government an ownership stake in the troubled insurance giant.
Treasury Secretary Henry Paulson Jr. and the Federal Reserve Chairman, Ben Bernanke convened a meeting with [...]
I Hate Snotty Europeans
I hate snotty Europeans. They show up in America’s major cities and bring with them not only their hatred against President George W. Bush, the Iraq war and U.S. foreign policies, but also their disdain for Americans and American culture in general.
More often than not, these snotty Europeans display their disdain toward America openly, with [...]
Home Mortgage and Financial Turmoil Continues, is the end in sight?
Is this the end? Only time will tell - but it seems we’re in for another round of government intervention, emergency lines of credit, and Fed acrobatics.
Olbermann and Matthews … finally get the hook.
Not that I needed to be told that the New York Times was biased, but this report by Brian Setler is hilarious. Announcing that MSNBC is taking the Olberman/Matthews ticket out of the drivers seat (and perhaps checking them into anger management therapy), he states, “MSNBC tried a bold experiment this year by putting two [...]
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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