financial bailout
Real estate market still sinking
Oct. 17,2008. New records are being set almost every day now – too bad they’re all bad. The Commerce Department just reported that construction of new McMansions and luxury condos dropped an unhealthy 6.3 percent – a decrease of 1.6 percent was anticipated.
This brings the home construction to the lowest level since 1991. And the [...]
Uncle Sam? Uncle Socialist. Get the t-shirt!
No need for alarm, folks. President Bush said today that the partial nationalization of the banking system is an “essential short term measure to ensure the viability” of our highly dysfunctional financial system. Then Bush described these latest moves to stop the financial crisis on Wall Street from spreading as “unprecedented and aggressive”. Sounds like [...]
Financial Turmoil Spawns Zombie Politicians
I woke up this morning, checked the headlines on Marketwatch, and aside from finding out that Asian and European stock markets were falling off another cliff, I stumbled upon a disturbing little article entitled “Lack of EU cooperation worsens turmoil”. It appears that our financial crisis has spread across the Atlantic. And more disturbingly, America’s [...]
Bailout Wrapped in Chocolate
How do you get a quarrelsome, spoiled child to swallow a large, nasty pill? Wrap it in something delicious, like chocolate, and the screaming kid will wolf it, tasting only sweetness. Down will go the medicine and everyone will be happy. That’s what the Senate did with the financial bailout package today. They wrapped it [...]
Credit Markets Still Frigid
I breathed a big sigh of relief this morning as I drank my English
pint-sized iced coffee. Was it that the stock market was rallying
hard to wash away some of yesterday’s bone crushing loses? No.
The reason for my warm and fuzzy feeling was due to the fact
that a check I deposited in my bank account from [...]
Voters Enraged Over Bailout
I wonder if any of the voters who called to release the venom rotting away their innards have taken a gander in the mirror recently. Maybe they had something to do with the creation of the financial disaster of the century. How many callers have home equity loans, an SUV that can’t fit in a [...]
Banker Brigade
With legions of bankers armed with deadly debt securities, the U.S. will be able to vanquish all foes.
Republicans Had Better Weed
Are these guys high? As the debate in Congress over the
$700 billion financial system bailout rages on, I’m seeing
the same ideological arguments playing out in Washington
that always surface as Democrats lock horns with Republicans.
This is not the run-up to the Iraq war; there’s no doubt that
serious damage is being done to the US. Yet, [...]
Markets Dive After Feds Shun Lehman
The Feds apparently drew the line this weekend regarding financial bailouts for dysfunctional investment banks, shunning Lehman Brothers despite its desperate pleas for help. Sleep deprived officials from the Federal Reserve and the US Treasury, along with beleaguered financial industry chieftains, were huddled in the NY Fed’s fortress-like headquarters in lower Manhattan, trying to avoid [...]
Main Marbles
- No categories
