Posts tagged as:

Sub-Prime

On TARP, The “Experts” Were Wrong

October 27, 2009

The Wall Street Journal, originally one of the biggest supporters proponents of the Troubled Asset Relief Program (TARP), wrote an editorial today about how they were wrong in pushing for its passage, and that it needs to end immediately.  Unfortunately, the Obama administration is in no rush to end the TARP Program.  The Journal now [...]

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Bailout Fails — What Next?

September 29, 2008

The proposed $700 Billion Bailout failed to pass today, 207 for, 226 against.  In reaction, the DOW dropped 700+ points, before rallying again to around  a 300-point drop for the day, and is now bouncing between a 300 and 600 point drop.  As expected, the majority of conservatives opposed the bill (66 for, 132 against) but [...]

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Let the Private Sector Fix the Economy

September 29, 2008

Hat tip to MrsSal for finding this one.  With the $700 Billing Bailout package looming, the Boston Globe reports today that investment firms such as Bain Capital want a chance to bid on the distressed assets that the government is planning to “bail out.“  From the article:  Boston’s Bain Capital and Bank of New York [...]

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Paulson Plan is Bad for the Economy

September 22, 2008

The Bush Administration has proposed the so-called “Paulson Plan” to fix the economic situation that we now find ourselves in.  The plan would find the U.S. Treasury buying out $700 billion in bad mortgages that is currently crippling Wall Street, in the hopes to free up the credit market and allow Wall Street to rebound.  [...]

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The Financial Mess

September 16, 2008

With the collapse of Lehman Brothers to Bankruptcy, and with Merrill Lynch being absorbed by Bank of America, our financial system is foremost on many people’s minds this week.  Add to that the federal takeover of Fannie Mae and Freddy Mac last week, and the Bear Sternes collapse earlier this year, and we have a [...]

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