Have the Feds finally woken up, or is President Obama’s new initiative ordering the Justice Department to finally investigate possible criminal wrong doing by lenders in the “man-made disaster” that is the US foreclosure crisis merely an election-year PR ploy? Rachel puts the man charged...
Posted by
tas on Mar 2, 2009 in
Business |
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You have time to listen to this podcast...
Posted by
tas on Feb 23, 2009 in
Economy |
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But what the hell is the point of the Obama Administration placing a “stress test” on banks? Seriously now… Top advisers to President Obama, including the Treasury secretary, Timothy F. Geithner, have insisted repeatedly that they want to keep the major banks in “private hands” and have...
And who’s winning? Let’s get straight to the point: instead of using TARP/bailout money to make loans and get the economy humming again, Banks are reportedly hoarding money to beef up their balance sheets, using TARP funds to pay out dividends and bonuses, or buying up smaller, sicker...
Posted by
tas on Dec 19, 2008 in
Business |
13 comments
Still trying to wrap my brain around the notion that one man can go through $50 billion in a Ponzi scheme without anybody noticing, I’ve been pouring through articles about the Madoff Scandal today.* Reading this stuff is more troubling then I imagined. For example, this intro to a Dec. 15 article...