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Now, Why Do You Think They Didn’t Do This LAST Week?
Today the Federal Reserve announced they are buying over $100 Billion in short term commercial paper. The idea is this will begin to free up the credit markets.
But, why didn’t they do this last week before the bailout bill was forced down our throats?
Yeah, I know what you are thinking, but no. The Federal Reserve’s [...]
May 25, 2006- John McCain
The United States Senate
May 25, 2006- John McCain
Mr. President, this week Fannie Mae’s regulator reported that the company’s quarterly reports of profit growth over the past few years were “illusions deliberately and systematically created” by the company’s senior management, which resulted in a $10.6 billion accounting scandal.
The Office of Federal Housing Enterprise Oversight’s report goes [...]
Wait, You Mean The Financial Markets Didn’t Crash?
Yes, actually I am being facetious.
After the House failed to pass the bailout yesterday the DOW took a 777 point tumble. Today, it regained 485 points. Yes, it is still down…
But, the world financial markets did not crash.
Many argue the market is “holding on” because everyone knows a bill will be passed later this week.
Probably. [...]
Hoping Against Hope That the Bailout Will NOT Pass
Yes, I know the consensus is “something” has to be done. Yes, I know the dire scare tactics being used. Yes, I know it has the support of the democrats, many republicans and the President. Yes, I know it is probably a given that it will pass and be signed into law.
BUT IT SHOULDN’T BE!
What [...]
