Group Think, Duct Tape and Slam Dunks
Greenspan
The 20 Senators Who Voted For Wall Street Bailout But Against Auto Industry Rescue
THINK PROGRESS DEC 12, 2008 Last night, the Senate failed to approve the auto rescue package, voting 52-35 in favor of proceeding on the bill — just eight short of the 60 votes that were needed. Over on the Wonk Room, Dan Weiss takes a look at the 20 senators who voted for the Wall […]
MoreSmall Banks Getting Short End of Tarp Bat
SEEKING ALPHA William Patalon III Bank of American Corp. (BAC), which is getting $15 billion from the U.S. government as part of the Treasury Department’s $250 billion “recapitalization” effort, is doubling its stake in state-owned China Construction Bank Corp., and will hold a 20% stake worth $24 billion in China’s second-largest lender when that deal […]
MoreThe Douchebag Who Conned The World
Stephen Foley (From New York) The Independant CHRIS COX Investors around the world are counting the spiralling cost of the biggest fraud in history, a $50bn scam that has ensnared billionaire businessmen and tiny charities alike and whose tentacles have stretched further and deeper than anyone imagined. The fallout from the arrest of the Wall […]
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