Posted on September 21, 2008 by mcauleysworld
How Reckless Mortgages Brought Financial Market to Its Knees
What type of CHANGE is responsible and who brought it about
Thursday, September 18, 2008
By John R. Lott, Jr.
The stock market has fallen dramatically from its peak a year ago. The Dow Jones Industrial Average has declined by about 25 percent, a significant drop, though not anywhere near [...]
Filed under: Banking, Banking Crisis, Barack Obama, Economic Recovery, Economy, Fannie Mae, Financial Crisis, Housing Crisis, John McCain | Tagged: Banking Crisis, Barack Obama, Countrywide, Economy, Fannie Mae, Financial Crisis, John McCain, Mortgage Crisis | Leave a Comment »
Posted on September 21, 2008 by mcauleysworld
Many economists skeptical of bailout
Avi Zenilman Sun Sep 21, 8:58 AM ET
Many of the same economists and opinion-makers who’d provided a bipartisan sheen of consensus to Treasury Secretary Henry Paulson’s previous moves have quickly begun casting doubts on the wisdom of a policy that would allow Treasury to purchase without oversight hundreds of billions of [...]
Filed under: Banking Crisis, Barack Obama, Economic Recovery, Economic Recovery Plan, Economy, Financial Crisis, Financial Recovery Plan, Financial Services Crisis, John McCain | Tagged: Barack Obama, Economic Rescue Package, Economy, Financial Markets, John McCain, Opposition To Bailout | Leave a Comment »
Posted on September 21, 2008 by mcauleysworld
Five Key Players In Washington who had chances to prevent the Financial Crisis but who, by their actions or inactions helped to bring down Wall Street.
Senator Christopher Dodd,
Democrat from Connecticut. Dodd has been in the Senate for 28 years. Dodd has served as Chairman of the Democratic National Committee. Dodd is Chairman of the Senate Banking Committee. [...]
Filed under: Barack Obama, Economy, Fannie Mae, Fannie Mae CEO Hired By Obama, Financial Crisis, Financial Recovery Plan, Financial Services Crisis, Franklyn Raines, Jim Johnson, John McCain, Politics | Tagged: Barack Obama, Fannie Mae Five, Financial Crisis, John McCain | 8 Comments »
