Tag archive for ‘Government Officials’
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.
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 [...]
Military Analysts & Pentagon Access: Outreach or Propaganda
Washington, D.C. (Rightcommentary.com): A story has been slowly bubbling, mostly of interest to those of us within the Beltway, regarding the access that the Pentagon provided former military members and other influential individuals - collectively referred to as “military analysts.” The allegation of the Pentagon’s critics is that the Administration was engaged in propaganda. My [...]
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