September 30, 2008 in Banking Crisis, Banks, Barney Frank - Chairman, Congress, Corruption, Cronie-ism, Fannie Mae, Financial Markets Bail-out, Freddie Mac, House Financial Services Committee, Money-Money-Money, Politics, Power, Stock Market, Too Much Power
From a New York Times article of SEPTEMBER 11, 2003!
”These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,” said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ”The more people exaggerate these problems, the more pressure there is on these companies, [...]
September 30, 2008 in Alan Greenspan, Arrogance, Banking Crisis, Barack Obama, Ben Bernanke, Bill Clinton, Chris Dodd, Congress, Corruption, Cronie-ism, Financial Markets Bail-out, George W. Bush, Goldman Sachs, Government, John McCain, Money, Nancy Pelosi, Politics, Power, Stock Market, The "Fed" - Federal Reserve, The Senate, This Administration, Too Much Power, Treasury Secretary Henry Paulson
Opinion from The Los Angeles Times -
By Jonah Goldberg Sept. 30, 2008
On Sunday evening, Republican House Minority Leader John A. Boehner explained his considered opinion on the $700-billion Wall Street bailout plan: It’s a “crap sandwich,” he said, but he was going to eat it.
Well, it turned out he couldn’t shove it down his colleagues’ [...]
September 30, 2008 in Arrogance, Banking Crisis, Banks, Corruption, Cronie-ism, Economics, Financial Markets Bail-out, Goldman Sachs, Money, Politics, Power, Stock Market, This Administration, Too Much Power, Treasury Secretary Henry Paulson, Unbelievable
From the U. S. Treasury – (Our emphasis in bold red.)
President George W. Bush nominated Henry M. Paulson, Jr. to be the 74th Secretary of the Treasury on June 19, 2006. The United States Senate unanimously confirmed Paulson to the position on June 28, 2006 and he was sworn into office on July 10, 2006 [...]
September 30, 2008 in Banking Crisis, Banks, Basel II, Ben Bernanke, Congress, Economics, Financial Markets Bail-out, International, Money, Nancy Pelosi, Politics, Power, Stock Market, The "Fed" - Federal Reserve, Treasury Secretary Henry Paulson
Ask your Representative and Senators how Basel II is impacting the bail-out – and why we haven’t heard anything about it on the “news.”
From Wikipedia -
Basel II is the second of the Basel Accords, which are recommendations on banking laws and regulations issued by the Basel Committee on Banking Supervision. The purpose of Basel II, [...]
September 29, 2008 in Banking Crisis, Banks, Ben Bernanke, Congress, Corruption, Cronie-ism, Economics, Financial Markets Bail-out, George W. Bush, Government, Money, Morality and Humanity, Politics, Power, Stock Market, The "Fed" - Federal Reserve, Threat to America, Too Much Power, Treasury Secretary Henry Paulson
In a stunning rebellion by rank and file members, the House of Representatives defied their party leaders Monday afternoon to reject President Bush’s colossal sweeping bailout of Wall Street.
“This is a huge cow patty with a piece of marshmallow stuck in the middle and I’m not going to eat that cow patty,” declared Rep. Paul [...]
September 29, 2008 in 9/11, Congress, Corruption, First Responders, Healthcare, Money, Morality and Humanity, Patriotism, Politics, Unbelievable, WTC
$700,000,000,000 to save the butts of people who intentionally cheated for profit – and a bill to provide long-term health care to 9/11 First Responders who are ill. These people tried to SAVE LIVES and are dying as a result. Priorities need to be reassessed.
BY OREN YANIV
DAILY NEWS STAFF WRITER
Congress Sunday shelved a $10.9 billion [...]
September 29, 2008 in Banking Crisis, Banks, Ben Bernanke, Congress, Corruption, Economics, Financial Markets Bail-out, George W. Bush, Government, Money, Nancy Pelosi, Politics, Power, The "Fed" - Federal Reserve, The Senate, This Administration, Treasury Secretary Henry Paulson
Do YOU have time to read the Bill that will change the financial landscape? Here it is.
***UPDATE – Apparently when he said “we”, he meant, “we, the Congress” are under a form of in-house martial rule, through Monday. Here is the ruling – To report the martial law rule waiving a requirement of Clause 6(a) of Rule XIII with respect to consideration of any resolution reported from the Rules Committee, through [...]
From FT.com (Financial Times)
By Bertrand Benoit in Berlin
Published: September 25 2008 11:55 | Last updated: September 25 2008 20:28
The US will lose its role as a global financial “superpower” in the wake of the financial crisis, Peer Steinbrück, the German finance minister, said on Thursday, blaming Washington for failing to take the regulatory steps that [...]
September 27, 2008 in Banking Crisis, Corruption, Cronie-ism, Economics, Financial Markets Bail-out, George W. Bush, Money, Politics, Power, The "Fed" - Federal Reserve, Treasury Secretary Henry Paulson, Unbelievable
By Megan McGinley
While Secretary of State (***As we proof-read this article, this mistake got past us. We know, as does the author, that Henry Paulson is Secretary of the Treasury. Condolezza Rice is Secretary of State. Sorry for the upset and inconvenience this seems to have caused many of you. It does amaze us that [...]
