Mar - 28th
The U.S. is going into debt at an alarming - Debt Trap 2
Posted at 2:38 pm | Filed Under Credit Crunch, Politics, Bailout News, The Economy, Real Estate
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Mar - 28th
America’s Debt Epidemic
Posted at 2:33 pm | Filed Under Credit Crunch, Bailout News, California Housing Crash, Florida Housing Crash, The Economy
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Mar - 24th
Should the U.S. dollar be replaced by a new global currency?
Posted at 9:47 am | Filed Under Politics, Bailout News, The Economy
We knew this was coming, right? With the Federal Reserve printing money like crazy, Treasury giving billions of dollars to banks with no strings attached, and Congress passing one bailout after another, there is no surprise that many in the international community are questions our ability to be the leader financial power of the world.
According […]
Mar - 23rd
And the bailouts keep coming
Posted at 9:32 am | Filed Under Bailout News
The creativity of the US Government never fails to surprise me. Geither released today another effort to reinflate the bubble economy. According to
n a lengthy fact sheet, the administration said it plans to use $75 billion to $100 billion from the government’s existing $700 billion bailout program for this purpose, and it predicted participation from […]
Mar - 22nd
Obama’s administration talks about dealing with the deficit
Posted at 10:50 pm | Filed Under Bailout News, The Economy
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Mar - 22nd
President Barack Obama talks about the Economy
Posted at 10:38 pm | Filed Under Credit Crunch, Politics, Bailout News, The Economy, Real Estate
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Mar - 17th
Wasn’t the stimulus package supposed to help Caterpillar?
Posted at 1:56 pm | Filed Under Politics, Bailout News, The Economy
I believe that was one of the reason Congress passed the stimulus package so quickly without review, right?
Well, why is Caterpillar now laying off 2,000 employees?
Caterpillar, the world’s largest maker of construction and mining equipment, notified an additional 2,454 workers in three states Tuesday that they were losing their jobs as the company continues to […]
Mar - 17th
The Financial Crisis might get worse
Posted at 12:50 pm | Filed Under Bailout News, The Economy, Real Estate
Meredith Whitney was on CNBC this morning and she has nothing but bad news for the economy.
A surge in borrower defaults and unemployment pressures will make 2009 an even uglier year for banks than last year, analyst Meredith Whitney said.
She predicted “breakups and M&As on a grand scale” as the industry seeks to remake itself […]
Mar - 12th
Charlie Rose talks to Timothy Geithner, U.S. Treasury Secretary
Posted at 6:15 pm | Filed Under Credit Crunch, Politics, Bailout News, The Economy, Real Estate
Pay attention to how Geithner refuses to directly answer the question if some banks are too big to fail. I don’t trust this guy and I don’t think that Wall Street trusts him either.
Mar - 12th
Is Maxine Waters in trouble?
Posted at 5:54 pm | Filed Under Politics, Bailout News
You have got to love these politicians. The Wall Street Journal reports that:
WASHINGTON — When Rep. Barney Frank was looking to aid a Boston-based lender last fall, the Massachusetts Democrat urged Maxine Waters, a colleague on the House Financial Services Committee, to “stay out of it,” he says.
The reason: Ms. Waters, a longtime congresswoman from […]