And John McCain does nothing but lie to the American people about it – the same American people expected to bail out these companies. One of the giant mortgage companies at the heart of the credit crisis paid $15,000 a month to a firm owned by Senator John McCain’s campaign manager from the end of […]
Jim Cramer was on Hardball tonight talking about the economy and Bush’s big plan. To say he isn’t impressed with Bush’s plan would be an understatement. Like Cramer points out – how much do tax credits help? No one will see those for months, if that. The economy doesn’t have that long. Besides that the […]
Things are getting worse. Major banks and mortgage companies yesterday sharply accelerated an industry consolidation that is set to change the landscape of American lending, while a convergence of events exposed fresh worries about the U.S. economy. New indications emerged yesterday that the spiraling subprime mortgage crisis is spreading from home loans to credit cards, […]