Were Healthy Banks Forced Forced to Surrender Ownership Stakes to Government? It’s question that needs to be answered… From reading this CNSNews.com piece it would seem at least a few “healthy” banks were forced into surrendering ownership stakes to the government: Last October, then-Treasury Secretary Henry Paulson ordered nine banks that the Treasury Department described [...]
Were Healthy Banks Forced Forced to Surrender Ownership Stakes to Government?
June 3, 2009 By Leave a Comment
Creeping Socialism: Bush Defends Citigroup Bailout
November 24, 2008 By Leave a Comment
I’m at a loss for words here… From the AP via Michelle Malkin: President Bush argued Monday that the government’s dramatic rescue of Citigroup was necessary to “safeguard the financial system” and help the economy recover, and he said there could be more such moves if other institutions need help. Bush said he approved the [...]
Dick Armey: Bush Plan to Buy Bank Stocks Should Face Constitutional Challenge
October 15, 2008 By Leave a Comment
Via CNSNews.com: Former House Majority Leader Dick Armey (R-Texas) said that the Bush administration’s plan to buy $250 billion in stock in U.S. banks should be challenged in federal court as unconstitutional. “I think that it is subject to a serious constitutional challenge,” Armey said in a conference call with reporters on Tuesday. “It is [...]
Ouch… Someone’s Not Happy
October 2, 2008 By Leave a Comment
Someone’s not happy about the Bush/Paulson/Bernanky bailout plan. H/T: Kathryn Jean Lopez.
Senate Passes Crap Sandwich 2.0 74-25
October 1, 2008 By Leave a Comment
From the Wall Street Journal: Senate Passes Bailout Package House Passage Remains Less Certain WASHINGTON — The Senate’s revamped bailout package drew support from 74 lawmakers in a roll call vote Wednesday evening, and the measure will now return to the balky House of Representatives for another vote following its unexpected rejection on Monday. U.S. [...]
Bailout Deal Reached?
September 28, 2008 By 1 Comment
The Wall Street Journal is reporting that lawmakers reached a tentative bailout deal overnight: Top U.S. policy makers emerged from hours of tense negotiations with a clear message just after midnight Sunday morning: A deal to bailout U.S. financial markets has been agreed on and all that remains to be done is to commit the [...]
Loading ...
Connect With Me: