Group Think, Duct Tape and Slam Dunks
Treasury
Government Bailout Hits $8.5 trillion
Kathleen Pender The San Francisco Chronicle November 26, 2008 The federal government committed an additional $800 billion to two new loan programs on Tuesday, bringing its cumulative commitment to financial rescue initiatives to a staggering $8.5 trillion, according to Bloomberg News. That sum represents almost 60 percent of the nation’s estimated gross domestic product. Given […]
MoreBanks Keeping Mum on TARP Bailout Funds; Only Morgan Stanley Coming Clean
Morgan Stanley Is One Bank That Cites a Loan From TARP Money Other Financial Banks Including Goldman Sachs and CitiGroup Keep Mum on How They Are Using TARP Cash By CHARLES HERMAN, DAN ARNALL, LAUREN PEARLE and ZUNAIRA ZAKI ABC NEWS Dec. 17, 2008— Banks that were rescued with billions of dollars in public funds […]
MoreThere’s a New Sheriff in Town and He’s Not Wearing a Cowboy Hat
You know you can whine all day about the idea that no matter what President Obama does in the next couple of years- we’re all in for some rough times- and you’d be right. But there’s just no accounting for the feeling an American citizen gets after a day like today- miserable, pissed off and […]
MoreThe 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 […]
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