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When the credit crisis struck last year, federal regulators pumped tens of billions of dollars into the nation's leading financial institutions because the banks were so big that officials feared...
Many people think the U.S. is headed for high inflation, but there are arguments that say it won't be an issue. This post shows how deflation is spreading, and why we're more likely to experience...
Is Bank of America literally destined to become THE Bank of America?
The Charlotte-based banking giant has already received $45 billion in taxpayer money. And the scary thing is that some think...
This Obama plan won't save the financial crisis, but it will not be unpopular to limit bank CEO's pay if their banks are receiving government bailout dollars. By Ronald Orol of CBSMarketwatch
Article | Feb 4, 2009 | Views: 171 | Comments: 2
Tags: obama, bank, ceo, bailouts
Time was, the Big Three were the U.S. auto industry. No longer. Over the past two decades, enticed by cheap labor and massive incentives, a second auto industry has emerged: nonunion,...
The House just approved a $15 billion loan to the auto industry to help the Big Three keep going a bit longer. The bill has yet to be approved by the Senate although there is growing opposition....
Citigroup's bailout is the latest in a long list of government moves to counter the financial meltdown.
The article has a good history of what the government has done this year. It's a lot of...
Some interesting excerpts:
In this situation, where fear rules, we must turn to the federal government for relief. The private sector is the patient, not the doctor. Solvency guarantees for...