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SHARE Monday, September 29, 2008 Bailout Fails to Pass: Global Financial Ills Butterfly
Vote on bailout fails; DJIA plummets 700 points; world financial frenzy; uncertainty reigns; Belgium, Britain, Iceland, Luxembourg, and the Netherlands race to save banks; Asia Pacific markets record heavy losses; investors head to safety;Fannie/Freddie subpoenaed; $700 billion bill tonic, not cure....
SHARE Sunday, September 28, 2008 US Congress Poised to Pass Paulson Plan as Sugarcoated Poison Runs through Global Markets
Congress set to vote on bipartisan financial stop-gap on Monday; UK's Bradford & Bingley in trouble; Fortis moves to sure up confidence; Hong Kong bond investors protest Lehman's "sugarcoated poison," Ireland/New Zealand fall into recession; Spain housing market feezing up;Citigroup/Wells Fargo bid for Wachovia; Balance of economic power shifting from NYC/London
(3 comments) SHARE Friday, September 26, 2008 How do you fix something if you don't know how it broke?
Understanding the economic, financial, and political history of the financial crisis requires historical analysis of the events and people that influenced and shaped the current financial system.
(1 comments) SHARE Friday, September 26, 2008 US FINANCIAL REMEDY STALLED
World Stock Markets react to Washington remedy; WaMu fails...purchased by JP Morgan Chase; McCain won't talk to American public in national debate
SHARE Wednesday, September 24, 2008 McChickening Out
Far from providing leadership, McCain's last minute chicken flight is a disservice to Americans who want, and deserve, to know what the two leading presidential candidates think about the foreign policy direction of this country.
(8 comments) SHARE Wednesday, September 24, 2008 BUSH TO ADDRESS COUNTRY
***BREAKING NEWS****BREAKING NEWS***
BUSH TO ADDRESS NATION
(2 comments) SHARE Tuesday, September 23, 2008 Pragmatism and Commonsense: Serving the National Interest
As the US Congress moves forward with careful deliberation and due judgement, acting on behalf of the American people and in the public interest, there are some pragmatic, commonsense principles which are reasonable to include in any legislation.
(1 comments) SHARE Sunday, September 21, 2008 The Paulson Plan
He is the most powerful United States Secretary of the Treasury since Alexander Hamilton. Although no one can be certain of the result, one thing is for sure: Paulson's Plan will forever change the United States of America for better or worse.
(2 comments) SHARE Saturday, September 20, 2008 Is Climate of Panic and Fear Appropriate for Passing Legislative Remedy?
What we are witnessing is a changing of the rules of the game, to exonerate the guilty, and punish the aggrieved, ignorant, and vulnerable, through the most massive government intervention, led by a Republican administration, in United States history by either political party.
SHARE Wednesday, September 17, 2008 MORE BIG CORPS ON AUCTION BLOCK;BUSH WON'T ADDRESS ANXIOUS NATION; REPUBLICANS RUNNING AWAY FROM BRAND NAME
***BREAKING NEWS***BREAKING NEWS***BREAKING NEWS***Washington Mutual Looking for Buyer;Wachovia bidding for Morgan Stanley;World Stocks in Free-Fall;US Govt intervention Fails to Reassure Investors;Angry Asian Customers Cashing in AIG Policies;Gold Prices Rise in London;S&P official says gov't bailout of AIG has weakened USA;Bush holed up in White House, won't address Anxious Nation; Republicans Running Away From Their Brand
(1 comments) SHARE Wednesday, September 17, 2008 Stocks Tank: AIG Bailout Fails to Reassure Investors
The lack of a reliable and predictable mechanism for the orderly liquidation of failing US companies seems to have accelerated, not eased, investor nervousness.
(1 comments) SHARE Monday, September 15, 2008 Some Lessons on the Meltdown
At this writing the DJIA is down over 340 points; the NASDAQ is off by over 59 points, and the S&P is lower by over 43 points.
(2 comments) SHARE Monday, September 15, 2008 Stocks Open Down in Asia: Global Sell-off to Continue
***BREAKING NEWS***BREAKING NEWS***
ASIAN Pacific MARKETS PLUNGE on TUESDAY; AMERICAN CONFIDENCE IN FINANCIAL SYSTEM SHAKEN: DARK DAYS AHEAD; US GOVERNMENT ROLLS DICE WITH AN INVISIBLE HAND
(3 comments) SHARE Sunday, September 14, 2008 Is Sarah Palin a Westerner?
The idea of an oppositional dialectic in United States history, not based on class distinctions or sex differences, appealed to American romantic notions of democracy, equality, and freedom.
(7 comments) SHARE Sunday, September 14, 2008 REUTERS reporting emergency trading session opened this afternoon at 2PM
****BREAKING NEWS****BREAKING NEWS****
"...the unthinkable is thinkable..."
BBC reports Lehman Holdings Inc to go into bankruptcy; Merrill Lynch sold; AIG to re-structure; Goldman Sachs and Morgan Stanley to report declines in quarterly profits; future of WaMu in doubt; experts fear short trades; global financial leaders set up emergency fund to prevent worldwide collapse; Wall Street said to be "FRANTIC"