Bailing Out Chrysler Becoming a Bad Habit
The federal government handouts to the auto industry continued over the weekend with the announcement of a $4 billion bridge loan to Chrysler...
Sectors
Jobs’ Health and Apple’s Stock
On Monday Apple's stock rose dramatically, gaining 4.22 percent by the end of trading and closing at $94.58. Analysts attribute this dramatic rise...
Read more
Auto Bailout: Lemon or Lemonade?
Will the bailout of the Big Three automakers — General Motors, Ford, and Chrysler — refresh the auto industry or further sour the...
Read more
Fed Announces Another $800 Billion in Bailout Funding
The Bush administration and the Federal Reserve announced on November 25 almost $800 billion dollars in additional funds to help, bail out, or...
Read more
Showdown Looms Over Auto Bailout Plan
The pleading for a financial bailout of the U.S. auto industry is becoming more widespread and insistent. Governors from Michigan, Kentucky, Ohio, Delaware,...
Read more
Federal Reserve Loaned Nearly $2 Trillion
By now everyone knows that Congress and the White House approved an enormous $700-plus billion package a short time ago and that the...
Read more
Auto Sales Drop; Detroit Faces “Carnage”
It's no surprise that U.S. automakers are in trouble. Facing massive costs for health insurance, falling demand for mainstay products like trucks and...
Read more
White House to Banks: “Lend More Money”
On October 28, as the Treasury Department announced a series of steps to begin delivering infusions of a $250 billion government bank-recapitalization plan,...
Read more
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...
Read more
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...
Read more
Fed Will Pump Another $540 Billion Into Economy
In its latest desperate move to head off the inevitable recession, the Federal Reserve announced Tuesday the creation of another new facility, the...
Read more
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...
Read more
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...
Read more
“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...
Read more
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...
Read more