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Bush Summons Bank Executives To Bailout MeetingThe Bush administration summoned executives from leading financial firms to a meeting Monday to work out details of the $700 billion plan aimed at thawing frozen bank lending that is stifling the economy. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke are expected to a... |
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Shock: Andrea Mitchell In Bed With Greenspan! [Bias]NBC political correspondent Andrea Mitchell is one of the network's news stars, so it's only natural that we've been seeing a lot of her lately. Even when the topic turns to the government's and the candidates' responses to the current financial crisis. But you will not see her, supposedly, when ... |
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Are Bernanke and Paulson at Odds?Interesting tidbit in a Paul Krugman column in the Monday NY Times. He lauds U.K. Prime Minister Gordon Brown's approach to bailing out U.K. banks, and says Brown is the real agenda-setter here with his recapitalization program, as opposed to the mineral bath Treasury Secretary proposed to give d... |
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Mr Bubble sees a housing recovery soon!Uh huh, prosperity is just around the corner.Former Federal Reserve chairman Alan Greenspan said the U.S. housing market will begin to recover in the first half of 2009, according to an article he wrote for Emerging Markets magazine published Friday. ... |
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Fed’s Loans Could Help EntrepreneursEntrepreneur: The U.S. Federal Reserve vowed to buy short-term debt in order to unlock the credit flow that business owners rely on for quick loans, but today it’s still not clear exactly when the relief will come or whether the move will indeed trickle down to the everyday entrepreneurs w... |
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Obama/McCain Debate II: McCain Lies About Warning About Economic Crisis - He Didn't Have A ClueDuring tonight's Presidential Debate Senator John McCain made the claim that he "warned" about the impending economic crisis. That's amazing, seeing as he said in 2007 that he was in fact surprised by it and failed to predict the disaster he, President Bush and the GOP brought upon Amer... |
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