Can Congress Bail Out of the Bailout?
http://www.globalresearch.ca/index.php?context=va&aid=10541
Informant: Neo Mulder
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US poised to announce plans to expand bailout
ABC News
10/13/08
The Federal Reserve plans to use $250 billion of the $700 billion approved by Congress to recapitalize ailing banks, and while the number of willing participants is unclear, the plan requires nine major banks to take part, officials told ABC News today. The move, expected to be formally announced Tuesday, comes as Fed chairman Ben Bernanke and Treasury Secretary Henry Paulson spent the day in Washington meeting with the heads of major U.S. banks to pound out the details of a more far-reaching American rescue plan, including using some of the $700 billion approved by Congress to buy direct stakes in troubled U.S. banks...
http://tinyurl.com/4brkrc
Bingeing and purging
Orange County Register
by John Stossel
10/12/08
The bailout passed! Too bad. When so many politicians speak with one voice in support of the biggest act of government intervention in the economy in generations, I cringe. Everybody talked about the ‘freeze’ in the credit markets, but why, I wonder, were the cable news programs that repeated the credit-freeze mantra pausing for commercials from companies trying to lend me money? Ditech and LendingTree still hawk mortgages at under 6 percent. Some credit freeze...
http://tinyurl.com/4s3acc
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=bailout
http://freepage.twoday.net/search?q=Federal+Reserve
http://freepage.twoday.net/search?q=Paulson
http://freepage.twoday.net/search?q=Bernanke
http://freepage.twoday.net/search?q=credit+market
http://freepage.twoday.net/search?q=mortgage
http://freepage.twoday.net/search?q=Michael+Hudson
http://freepage.twoday.net/search?q=John+Stossel
Informant: Neo Mulder
--------
US poised to announce plans to expand bailout
ABC News
10/13/08
The Federal Reserve plans to use $250 billion of the $700 billion approved by Congress to recapitalize ailing banks, and while the number of willing participants is unclear, the plan requires nine major banks to take part, officials told ABC News today. The move, expected to be formally announced Tuesday, comes as Fed chairman Ben Bernanke and Treasury Secretary Henry Paulson spent the day in Washington meeting with the heads of major U.S. banks to pound out the details of a more far-reaching American rescue plan, including using some of the $700 billion approved by Congress to buy direct stakes in troubled U.S. banks...
http://tinyurl.com/4brkrc
Bingeing and purging
Orange County Register
by John Stossel
10/12/08
The bailout passed! Too bad. When so many politicians speak with one voice in support of the biggest act of government intervention in the economy in generations, I cringe. Everybody talked about the ‘freeze’ in the credit markets, but why, I wonder, were the cable news programs that repeated the credit-freeze mantra pausing for commercials from companies trying to lend me money? Ditech and LendingTree still hawk mortgages at under 6 percent. Some credit freeze...
http://tinyurl.com/4s3acc
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=bailout
http://freepage.twoday.net/search?q=Federal+Reserve
http://freepage.twoday.net/search?q=Paulson
http://freepage.twoday.net/search?q=Bernanke
http://freepage.twoday.net/search?q=credit+market
http://freepage.twoday.net/search?q=mortgage
http://freepage.twoday.net/search?q=Michael+Hudson
http://freepage.twoday.net/search?q=John+Stossel
rudkla - 14. Okt, 09:25
