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...
Economy
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...
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“Bailout” Really About Nationalizing U.S. Financial Sector
As the financial crisis continues, the Bush administration, led by Treasury Secretary Henry Paulson, is moving ahead to enact the unconstitutional and socialistic...
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Power Brokers 1, Constituents 0 on Bailout
"Madame Speaker, only in Washington could a bill demonstrably worse than its predecessor be brought back for another vote and actually expect to...
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Fed to Buy Commercial Paper
Following a roller coaster day on Wall Street that saw the Dow close under 10,000 for the first time in years, the Federal...
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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...
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House Responds to Public Pressure, Defeats Bailout Bill
In a stunning defeat to the financial powers that be, the U.S. House of Representatives rejected the proposed $700 billion dollar bailout bill...
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Bush, Paulson, Bernanke Not Trustworthy on Economy
These days President Bush and the managers of our monetary policy sound like prophets of doom when they talk about the economy. "The...
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WaMu Bank Failure Is Largest in U.S. History
The Federal Deposit Insurance Corp. seized Washington Mutual Inc. (also known as WaMu bank) on September 25, and then brokered an emergency sale...
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Call Ron Paul Correct About the Economy
A year ago, Congressman Ron Paul was just beginning to turn heads on the national electoral stage, owing to his presidential campaign's unexpected...
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Government Bailout
The government bailout of Fannie Mae and Freddie Mac will continue the downward spiral of the dollar, begetting a new downward cycle for...
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Fed Takes Over AIG
As the deepening financial crisis worsened yesterday, the Federal Reserve sought socialism as a cure and gobbled up another formerly private entity, the...
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AIG, the Fed, and Accelerating Socialism
America's headlong rush into full-blown socialism accelerated Tuesday with the Federal Reserve's takeover of American International Group, Inc. (AIG), one of the world's...
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Lehman Brothers Holdings Files for Bankruptcy
On Monday, September 15, Lehman Brothers Holdings, Inc., long a cornerstone of the Wall Street banking establishment, filed for Chapter 11 protection with...
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At 100, What Next For General Motors?
For decades, the health of General Motors has been equated, rhetorically at least, with the health of the U.S. economy. In the early...
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