Creeping Nationalization
Though the Obama administration continues to deny it, the U.S. government continues to move closer to nationalizing the nation’s largest banks. The last...
Economy
Automakers Seek Another $21.6 Billion
General Motors and Chrysler submitted “financial viability” plans to the U.S. Treasury on February...
Obama’s Homeowner Lifeline Not a Lifeline
“President Barack Obama threw a $75 billion lifeline to millions of Americans on the...
Obama: Buying a Second Term?
On Tuesday, February 18, President Barack Obama achieved one of his first major goals...
Coming Soon: Nationalization of the Banks?
Will the banks be nationalized? That question would have seemed preposterous prior to the...
Experts Warn of Oil Price Rise
Oil prices dropped from $141 per barrel to below $40, but experts say that...
True Unemployment Rate Higher Than Reported
The unemployment rate in December rose to 7.2 percent, according to the Labor Department....
Bailing Out Chrysler Becoming a Bad Habit
The federal government handouts to the auto industry continued over the weekend with the...
Jobs’ Health and Apple’s Stock
On Monday Apple's stock rose dramatically, gaining 4.22 percent by the end of trading...
Madoff’s Ponzi Scheme Victimizes ACLU, Others
In a December 23 communication sent to the American Civil Liberties Union's benefactors, administration...
Auto Bailout: Lemon or Lemonade?
Will the bailout of the Big Three automakers — General Motors, Ford, and Chrysler...
Fed Announces Another $800 Billion in Bailout Funding
The Bush administration and the Federal Reserve announced on November 25 almost $800 billion...
Bailout Bill Did Not Stop Stock-market Slide
The enactment of the now-notorious $700 billion bailout package did not stop the downward...
Federal Reserve Loaned Nearly $2 Trillion
By now everyone knows that Congress and the White House approved an enormous $700-plus...
Showdown Looms Over Auto Bailout Plan
The pleading for a financial bailout of the U.S. auto industry is becoming more...
Auto Sales Drop; Detroit Faces “Carnage”
It's no surprise that U.S. automakers are in trouble. Facing massive costs for health...
White House to Banks: “Lend More Money”
On October 28, as the Treasury Department announced a series of steps to begin...
A.I.G. Burning Through Bailout Loan
The American International Group is burning through its $123 billion bailout loan quickly. According...
Companies Line Up for Bailout Bucks
With the federal government doling out $700 billion of Americans' hard-earned money under the...
Fed Will Pump Another $540 Billion Into Economy
In its latest desperate move to head off the inevitable recession, the Federal Reserve...