Posted on October 9th, 2008 by Dr.Bruce
We just loaned them $85 Billion. But that wasn’t enough.
Everyone. Together now. “I told you so!”
The Federal Reserve announced Wednesday it was lending billions of additional funds to cash-strapped American International Group Inc.
Under the program, the New York Federal Reserve Bank will provide $37.8 billion in additional cash to certain domestic life insurance subsidiaries of [...]
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Filed under: Economy, politics, subprime
Posted on October 8th, 2008 by Dr.Bruce
Only in the weird world of Quantum Mechanics can math like this be explained. The Committee for a Responsible Federal Budget, an independent, group analyzed Obama’s tax and spending plans.
They result in a net increase of spending of $281 billion.
The claim that, “Actually I’m cutting more than I’m spending so that it will be a [...]
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Filed under: Democrats, Double Standards, Media Bias, subprime
Posted on October 7th, 2008 by Dr.Bruce
It looks like Waxman and the Democrats are trying to downplay their role in the subprime debacle. It is time for all the cards to be placed on the table and let the chips fall where they may. Democrats, Republicans, insiders, outsiders. Whatever!
Whoever is as fault for this should be prosecuted and publically, and pilitcally, [...]
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Filed under: politics, subprime
Posted on October 7th, 2008 by Dr.Bruce
Hot Air has a wonderful take on Barney Frank. He is such an endless supply of inane stupidity.
Barney Frank’s latest defense of Congress over the financial meltdown could be predicted based on the success of Barack Obama’s campaign in using the same defense. According to Rep. Frank, any attempt to pin the blame for the [...]
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Filed under: Racism, subprime
Posted on October 6th, 2008 by Dr.Bruce
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Filed under: McCain, Obama, subprime
Posted on October 3rd, 2008 by Dr.Bruce
The $700B bailout contains is now over $800B. Why? It contains BILLIONS of dollars in pork-barrel spending. About $112B to be more exact.
Lawmakers from both sides of the aisle are out of control on this. This entire problem could have been handled by the FED and market forces. It did not have to be lubricated [...]
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Filed under: Economy, subprime
