How To Save The Auto Industry Without Giving Bailout Money To The Automakers
In September of 2008, the White House proposed and the U.S. Congress ratified a plan to invest $700 billion dollars into the U.S. banking system to stave off disaster and to put banks back into the lending mood.
Although I tend to stand in [...]
Continue reading about An Invisible Success - Watching The Economic Recovery Package In Action
Okay, I must admit that this bill would not have been my first and best bill from any Congress. I really don’t care for big government or the $700 billion barn burner that passed today, but it needed to be done.
Somehow, some way, the Feds needed to shore up the American economy, by providing banks [...]
Continue reading about Why The Financial Bail-Out Was Signed Into Law
As we watch the news, we are seeing the great financial institutions of the United States falling by the wayside on what seems like an almost daily basis right now.
Bear Stearns
In March of 2008, the first major institution Bear Stearns reached the end of the road. Over the five years leading up to the collapse [...]
Continue reading about The U.S. Economy: Playing Chicken With The Train Train… Splat!
