ATLANTA— I came across a very interesting September 30, 1999 New York Times article that speaks directly to some of the root causes of our current crisis. Bad government policy is definitely a part of the cause. I have copied some significant excerpts out of this article and included them below. Not sure if you have seen [...]
Archive for September, 2008
Wall Street Crisis, Clinton Administration To Blame?!? …The Construction of the Housing House of Cards
Posted in Economy, Politics, tagged Bailout, Bill Clinton, Clinton Administration, Economic collapse, Economy, Fannie Mae, Franklin Raines, Government Intervention, Housing Crisis, New York Times, Subprime, Subprime Lending on September 26, 2008 | 2 Comments »
Wow! Was the Bush Speech DANGEROUS?!? Assessing and Reassessing the Bailout.
Posted in Economy, tagged 700 Billion, Australia, Bailout, Ben Bernanke, Economic collapse, Economic Crisis, Europe, Fair Value Accounting, George Bush, Great Britain, Great Depression, Housing Crisis, International Housing Crisis, Mark-to-market, Mortgage-backed securities, South Africa, Trillion, Write-downs on September 25, 2008 | 3 Comments »
Our entire economy is in danger” —George W. Bush, September 24, 2008 ATLANTA— Will Mr. Bush’s speech tonight help or hurt the economy? To stand publicly as the leader of our nation in front of millions of viewers and declare that the entire economy is in danger of potential collapse is a very delicate and [...]
The Collapse of the American Empire
Posted in Economy, tagged 700 Billion, American Empire, Bailout, Ben Bernanke, Federal Reserve Chairman, Foreclosure, Mamoud Amadinejad, Marla Omstead, Nancy Pelosi, New Direction Congress, Recession on September 24, 2008 | Leave a Comment »
LONG BEACH— President Bush gave his final speech to the United Nations yesterday. Shortly there after the worlds favorite Islamic leader declared
Is the Big Financial Bailout Just Plain Stupid? All Aboard for a Wild Inflationary Ride!
Posted in Economy, Politics, tagged 700 Billion, AIG, Bailout, Ben Bernanke, Corporate Bailouts, De-Regulation, Deregulation, Fannie Mae, Federal Reserve, Freddie Mac, George Bush, Gulf of Mexico, Henry Paulson, Hurricane, Hurricanes, Inflation, Intervention, Libertarian, Monetary Policy, Oil Prices, OPEC, Regulation, Trillion, US Dollar, US Treasuries, US Treasury on September 23, 2008 | 1 Comment »
LONG BEACH, ATLANTA— The massive corporate bailout brought on by the recent financial market crisis sparked the biggest one-day jump in the history of oil prices, at one point pushing the price of oil up by $25/barrel in yesterday’s trading. Granted, there are other complicating factors in pricing oil these days, including OPEC’s decision to cut production and the hurricanes [...]
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