Paulson has announced he is spending an additional $600 billion to buy up toxic mortgages: The Federal Reserve announced Tuesday that it will purchase up to $600 billion in mortgage-backed assets, the toxic assets that have been weighing down embattled government-sponsored enterprises like Fannie Mae (FNM: News ) and Freddie Mac (FRE: News ). Buying […]
Below the fold is the prepared remarks that Nancy Pelosi read on the House floor that was supposed to be the “partisan speech” she gave which pissed off Republicans. I have read it a few times now and can’t find a thing bad about it. It sounds like the Republicans are out looking for a […]
That is exactly the problem. All parties have basically agreed on an agreement – Senate Democrats, Senate Republicans, The White House and House Democrats. The ones not on board? House Republicans. Then to show how little they understand the economy, or how little they care about the American people, we have this little gem: According […]