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Paradox of bank bailoutIn saying that there's a case for nationalising the entire British banking system, John McFall - the chairman of Commons Treasury select committee - has shone a light on the paradox of the recent global rescue of the world's biggest banks (listen to his interview on Today). McFa... |
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House grills PaulsonLawmakers challenged Treasury Secretary Henry Paulson on his handling of the $700 billion bank bailout program and stressed the importance of doing more to help homeowners. ... |
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The Skinny: Automaker aid from the FedsFiled under: Government/Legal, Chrysler, LLC., Ford, GM, Earnings/FinancialsSo here's a breakdown of what's going on in Congress concerning federal aid for U.S. automakers. A Senate bill expected to be voted on this Thursday would expedite funds for Ford, GM and Chrysler so that they could actual... |
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Stocks struggle in volatile morningStocks gave up gains, turning lower Tuesday morning, as investors considered Hewlett-Packard's upbeat forecast and Congressional hearings on the bank bailout plan and the fate of the automakers. ... |
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Yvette Kantrow: Hammering Hank Paulson: "No Homework" Media Prefers to BashOne of the more interesting aspects of the economic crisis is that it has forced the mainstream media to confront a financial world that, frankly, it would really rather avoid. Credit default swaps, banks versus nonbanks, the mechanics of bailouts -- these are topics that seem better suited for t... |
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Chinese economic stimulus bigger than US bank bailoutThe $586 billion stimulus package announced by the Chinese government is mainly destined for infrastructure and real estate spending, and represents a huge nine per cent of GDP. By contrast the $700 billion US bank bailout is less than two per cent of GDP for the world’s...read more ... |
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