About: Gary Benoit

Marriage Defined by California Voters

Voters in California approved their Ballot Proposition 8 by 52 percent to 48 percent, which amended the state constitution to define marriage as between one man and one woman....

A.I.G. Burning Through Bailout Loan

The American International Group is burning through its $123 billion bailout loan quickly. According to Edward Liddy, the man brought in to restructure the company, it may soon need...

Companies Line Up for Bailout Bucks

With the federal government doling out $700 billion of Americans' hard-earned money under the new bank bailout law, a sizeable list of companies is competing fiercely for a share—...

Greenspan Wrongly Faults Free Market for Crisis

In testimony that surprised many observers, former Federal Reserve Chairman Alan Greenspan professed a "state of shocked disbelief" over the unfolding global financial crisis. Where once Greenspan regarded himself...

Global Financial Summit Announced

The Bush administration announced today that the first of what will be a series of global financial summits will be held in Washington, D.C. on November 15. Vowing to...

Nationalization of Banks Begins

In what is unabashedly being called a "partial nationalization" of the U.S. banking industry, the Bush administration announced Tuesday morning that the federal government will be purchasing $250 billion...

GM May Face Bankruptcy

Triple-digit losses on the Dow are becoming a commonplace, but there are now ominous signs that the financial crisis of 2008 is entering a new and possibly more devastating...

McCain & Obama Vs. Ron Paul on Bailout

Two days after the House rejected the mammoth $700 billion bailout bill, the Senate passed it. Not surprisingly for those who understand the world of realpolitik, Senators John McCain...