Tag archive for ‘Treasury Department’
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, [...]
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 [...]
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 [...]
WP: Court Rules That Paper Money Discriminates Against the Blind
Washington, D.C. (washingtonpost.com): A federal appeals court today upheld a lower ruling that the U.S. currency system discriminates against blind people because bills of different denominations are the same size, shape and color and cannot be easily distinguished by the visually impaired.
In a 2-1 ruling issued this morning, the U.S. Court of Appeals for the [...]
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