» Economy

Biggest Bank Bailout Yet
By Mike Vonasten on November 24th, 2008 | 1 Comment

Reuters By Glenn Somerville and Ralph Boulton WASHINGTON/LONDON (Reuters) - The United States agreed to inject $20 billion of new capital to rescue one of the world’s top banks and European lead...
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Fed Pledges Top $7.4 Trillion to Ease Frozen Credit
By Mike Vonasten on November 24th, 2008 | No Comments

Bloomberg By Mark Pittman and Bob Ivry Nov. 24 (Bloomberg) — The U.S. government is prepared to lend more than $7.4 trillion on behalf of American taxpayers, or half the value of everything prod...
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Citigroup May Get Government Rescue, Investors Say
By Mike Vonasten on November 22nd, 2008 | No Comments

Bloomberg By Christine Harper and Bradley Keoun Nov. 21 (Bloomberg) — Citigroup Inc. will probably get rescued by the U.S. government after a crisis in confidence erased half its stock-market va...
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Business Cycles, Not Our Fault
By Mike Vonasten on November 21st, 2008 | No Comments

LewRockwell.com by Jeffrey A. Tucker These are times when you just feel like yelling at the people who write the news, particular the business press. They are happy to report, word for word, what the ...
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Obama Transition Said to Consider a ‘Prepack’ Aut...
By Mike Vonasten on November 21st, 2008 | 1 Comment

Bloomberg By Linda Sandler and Jeff Green Nov. 21 (Bloomberg) — President-Elect Barack Obama‘s transition team is exploring a swift, prepackaged bankruptcy for automakers as a possible solutio...
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Inhofe: Cancel the ‘blank check’
By Mike Vonasten on November 17th, 2008 | No Comments

He criticizes Henry Paulson for changing the $700 billion bailout plan. TulsaWorld.com By JIM MYERS WASHINGTON — U.S. Sen. Jim Inhofe said Saturday that Congress was not told the truth about the ba...
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Senate will debate $25 billion auto bill Monday
By Mike Vonasten on November 15th, 2008 | No Comments

AP By JULIE HIRSCHFELD DAVIS and KEN THOMAS WASHINGTON – Struggling to keep alive a government bailout of the troubled auto industry, key supporters offered concessions Friday — including reducing...
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Mayors of Philadelphia, Phoenix seek bailout share
By Mike Vonasten on November 15th, 2008 | No Comments

AP By KIMBERLY HEFLING WASHINGTON (AP) - Three big city mayors asked the federal government Friday to use a portion of the $700 billion financial bailout to assist struggling cities. The mayors sought...
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I.O.U.S.A. Misses Point
By Mike Vonasten on November 14th, 2008 | No Comments

Moviegoers should save $12.50, buy gold and avoid taxes LewRockwell.com by Doug French The American empire, like the Roman one, is heading for a fall, and an out-of-control government deficit is one o...
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Bailout Lacks Oversight Despite Billions Pledged
By Mike Vonasten on November 13th, 2008 | No Comments

Washington Post By Amit R. Paley In the six weeks since lawmakers approved the Treasury’s massive bailout of financial firms, the government has poured money into the country’s largest ban...
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