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The Federal Reserve announced today a radical plan to buy massive amounts of short-term debt in a dramatic effort to break through a credit clog that is imperiling the economy. ...more
October 7, 2008
Recently, members of Congress acted to address the worst financial crisis America has faced in generations. While the decision may not have been popular, I felt it was necessary to help stabilize the economy and prevent the crisis from acutely affecting American families. ...more
October 7, 2008
WASHINGTON Deceased POWs Now Eligible For Purple Heart An estimated 17,000 deceased U.S. prisoners of war could be awarded Purple Hearts under a new Pentagon policy announced Monday. ...more
October 7, 2008
It will be one of the world's largest asset management firms with an impressive $700 billion war chest. Nothing less than the global economy depends on its success. And the Treasury Department has barely a month to get it up and running. ...more
October 4, 2008
The federal government's $700 billion bailout of the financial industry could help homebuilders and mortgage lenders, but is unlikely to bring fast relief to anybody trying to buy or sell a house anytime soon. ...more
October 4, 2008
We have created a global financial crisis that affected financial institutions worldwide. ...more
September 30, 2008
Ginny Brown-Waite was among the 228 House members who voted against the $700 billion bailout package for the financial industry Monday, calling the measure "embarrassing" and stomach-turning. ...more
September 30, 2008
One could be forgiven for crawling into a fetal position to begin sobbing like a Bronte sister while sucking a bottle of Boodles gin dry after hearing the leader of the free world confidently predict the $700 federal bailout of the nation's financial system will work like a fine Swiss watch. ...more
September 30, 2008
WASHINGTON - A federal grand jury is investigating accounting and disclosure issues at Fannie Mae and Freddie Mac, the mortgage finance companies said Monday. ...more
September 29, 2008
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