September 30, 2009As we all know, the beginning of last year’s recession was triggered by a series of events, including the failure of two quasi-government agencies, Fannie Mae and Freddy Mac, precipitated by the over-abundance of sub-prime mortgages given to people who had no capability of paying them back. A year later, it appears that we have [...]
October 2, 2008The Senate took the country one step closer to Socialism yesterday by passing the now $824-billion dolleditar bailout package in a 74-25 vote. In addition to the $700-billion figure proposed by Paulson, the package now contains an extension of the FDIC insurance cap from $100,000 $124 billion in “sweeteners” to help win over congressional votes:
A temporary [...]
