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September 23, 2008 |
Paulson's bazooka may miss
Fortune Magazine
Treasury Secretary Henry Paulson fired his bazooka again, but the target remains elusive. |
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September 23, 2008 |
Pulson ultimatum: US in dire peril if Congress dithers on debt rescue
AFP/Breitbart
The US economy is in imminent peril if Congress delays approving a 700-billion-dollar rescue, Treasury Secretary Henry Paulson warned Tuesday as global markets rang the alarm. |
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September 23, 2008 |
Newt Gingrich: Kill the Paulson Plan. Hard.
Miscellaneous
He called it a "stupid plan" that looks like it had been designed by autocrat Vladimir Putin. He also said it will be a "nightmare" to implement and full of corruption. |
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September 21, 2008 |
Default by the US government is no longer unthinkable
TimesOnline (UK)
So, here we are - the start of a new world order. After the tumultuous events of the last fortnight, the global economic landscape will never look the same again. |
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September 21, 2008 |
Paulson to Bail Out Foreign Banks, Too!
Miscellaneous
In a change from the original proposal sent to Capitol Hill, foreign-based banks with big U.S. operations could qualify for the Treasury Department’s mortgage bailout, according to the fine print of an administration statement Saturday night. |
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September 21, 2008 |
Palin learns foreign policy from Henry Kissinger?
New York Times
Gov. Sarah Palin will meet with former Secretary of State Henry A. Kissinger and President Álvaro Uribe of Colombia as the United Nations General Assembly opens on Tuesday, an aide to Senator John McCain’s presidential campaign said. |
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September 20, 2008 |
Seven days that shook the world
The Independent (UK)
Some 30 of the finest minds on Wall Street, the super-remunerated chief executives of the country's biggest finance houses, had been huddled all weekend in the Manhattan fortress that is home to the Federal Reserve's New York offshoot. There, they had tried to come up with a solution to the tottering of Lehman Brothers, a bank brought to the brink of insolvency by its multibillion-dollar losses on mortgage derivatives. |
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September 20, 2008 |
The $1 trillion question: Will this gigantic bailout work?
The Independent (UK)
This is what we might call the $1trillion question. That's $1,000,000,000,000, by the way. It is a little like surgery. The US government has amputated the gangrenous leg of the banking system to save the patient. But it is now preparing to graft the infected limb on to the body politic of America. The US taxpayers will be lucky if they do not feel distinctly unwell as a result of this little experiment. |
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September 20, 2008 |
U.S. Treasury Proposal to Buy Mortgage-Related Assets: Text
Bloomberg
Following is the text of a legislative proposal by the U.S. Treasury to buy mortgage- related assets from financial institutions: |
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September 20, 2008 |
Thousands march in Sweden against globalisation
Breitbnart.com
More than 10,000 marched in the Swedish city of Malmoe on Saturday in a demonstration against the excesses of globalisation, organised as part of the European Social Forum being held there. |
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