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22 Nov

IMF to okay bailout package for Pakistan next week

The International Monetary Fund (IMF) is likely to approve $7.6 billion bailout package for Pakistan next week, reports said here quoting an IMF official."The Executive Board of the International Monetary Fund (IMF) is likely to approve a $7.6 billion loan for Pakistan by...read more ...

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Buffett: Automakers Need Bailout Or Bankruptcy

OMAHA, Neb. — Billionaire investor Warren Buffett says U.S. automakers need a new business model to better compete, whether it takes bankruptcy or a government bailout to achieve. Buffett also says he would never serve as U.S. Treasury Secretary. The Berkshire Hathaway Inc. CEO is a member...

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King Henry Keeps His Cash!

Paulson says no to automakers…  Currencies trade in a tight range…  Richard Russell on a Wednesday!  TIC Flows improve… And Now… Today’s Pfennig! Good day… And a Wonderful Wednesday to you! OK… Are you up on these “pirates&rdquo...

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Treasury Secretary Slams Additional Aid For Autos

GM, Ford and Chrysler are begging Congress for a $25 billion government rescue, but Treasury Secretary Henry Paulson testified Tuesday that the Bush administration is strictly opposed to providing a cut of the $700 billion bailout package for automakers. ...


Cafferty File: Should Congress Freeze The Remaining Bailout Money?

Download | Play    Download | Play From The Cafferty File Nov. 17, 2008. David Sirota has more at Daily KOS. Republican Senator Jim Inhofe from Oklahoma wants to put a “freeze” on the remaining cash in the big government bailout of the financial industry. In this w...

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US financial rescue package 'not a panacea': Paulson

WASHINGTON (AFP) - The 700 billion dollar US financial bailout package is "not a panacea" to cure economic woes, US Treasury Secretary Henry Paulson told lawmakers Tuesday, amid growing calls for help for other sectors. ...

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