ATLANTA— What a wild ride the past two or three weeks have been! We’ve seen the collapse of AIG, Lehman Brothers, Washington Mutual, and Wachovia, among others. The stock market has crashed and swung all over the place. Many people are talking about the downfall and collapse of the US economy and fears of a [...]
Posts Tagged ‘AIG’
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 [...]
AIG: What It Is, Why It Matters, and 4 Reasons Why the Bailout is a COLOSSAL MISTAKE!
Posted in Economy, tagged Accounting, AIG, Bailout, Business, Credit Default Swaps, Derivatives, Economic collapse, Fallout, Federal Reserve, Federal Reserve Chairman, Great Depression, Insurance, Liberal, Political Left, Taxes, Taxpayer, US economy, US Treasury on September 19, 2008 | 19 Comments »
ATLANTA— The AIG bailout is a colossal, short-sited mistake! Radical position- I know. Many are saying this move staved off the collapse of the US economy and the start of a new Great Depression. But I think there are some big reasons to be worried about it. I’d love to hear your thoughts. Here are [...]
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