I would have just cross-posted what I wrote yesterday on BMG, but I think it’s interesting to see the reaction there. Please read my post and David’s response. Is this a complete non-sequitor or what? I thought for sure the Obama supporters would come back with some detailed plan to point to. Instead, nothing. And this isn’t the first…Read More »
” Former House Speaker Newt Gingrich, R-Ga., on Sunday described Treasury Secretary Henry Paulson’s request for billions of dollars to buy debt from struggling Wall Street financial firms as “un-American” and said the secretary should have stepped down.
Gingrich even expressed concern with Paulson’s connections to Wall Street. The treasury secretary served as the chairman of a major…
“On Wednesday morning, Paulson briefed chief executives with the Business Roundtable in a conference call. “Our lobbyists have been getting that message, from leadership on both sides, that industry needs to make the case for this with legislators,” said John Mechem, spokesman for the Mortgage Bankers Association. Business groups that had stayed on the sideline began getting into the game,…Read More »
Its like Christmas in September in Washington DC these days, at least it is if you own a large multinational corporation.
Hundred billion here and a zillion billion there.
The automakers obviously dont rate very highly as they only found 25 billion in their stocking this morning BUT ..
There is the promise of more to come …
Unbelievable… Barack Obama, having spurned John McCain’s offer of a temporary stand-down of campaign activities in order for them both to do the right thing, to concentrate their efforts on resolving the most pressing matter to come before congress since Obama was elected, tonight accepted an offer by President Bush to attend a meeting at the White House tommorrow. I’m…Read More »
There is no libertarian solution to the crisis. Houses are too expensive; supply exceeds demand; the mortgages held have been sold and the resulting mortgage asset has been used as collateral and leveraged. You can either hope for a new housing boom or else try to slow the decline with some kind of market supports or simply stand…Read More »
( – promoted by Cool Cal)
Now here is a level of support that you dont see every day; seven frigging percent?
The percentage of people who think Dick Cheney attacked the world trade center is much higher than that. http://www.rasmussenreports.co… And it shouldnt come as much of a surprise either.
Remember, it is these same Wall Street idiots and…