There’s a lot of talk right now about earmarks. The Tea Party/GOP candidates, who campaigned heavily on getting rid of things like earmarks, have now reversed their positions since winning their elections. Examples of this can be seen in John Boehner and Rand Paul. But what about the non-Congressional supporters of the Tea Party/GOP? Well […]
Geez. The U.S. government has agreed to guarantee over $300 billion of Citigroup’s troubled assets — loans and securities backed by residential and commercial real estate and other such assets — with conditions attached. These conditions are being hammered out. In addition, the U.S. Treasury will invest $20 billion in Citigroup from the Troubled Asset […]
And to think that everyone was bitching about the $700 billion bailout: The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral. Fed Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson said in September […]
If you missed Morning Joe, Mort Zuckerman was on and had a very grim outlook for our financial future. The Freddie and Fannie bailout, while necessary, will cost tax payers millions. Detroit is worse off. He is predicting GM and some other manufacturers like Chrysler to merge, and maybe a foreign automaker to buy out […]
Another page from George Orwell’s 1984 comes to being in George Bush’s America. Ted Rall’s has a great article up explaining it: –“This is not a crime about thought,” says the assistant U.S. attorney. Then what is it? Mahmud Faruq Brent, a 30-year-old D.C. taxi driver, is about to spend the next 15 years behind […]