Word: bailouts
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...Treasury secretary Henry Paulson did not foresee the consequences of the subprime lending crisis, so how can he be so sure what the consequences would be if there were no bailout? All he wants from the rescue package is to assist the owners of banks and brokerage firms. If this were not the case, he would have stipulated that every company must hand over a specific number of shares to the government for every bailout dollar it receives. Colin Segal, Sydney...
...firms that will be directly helped by the bailout is Goldman Sachs. Paulson, the man who is leading the bailout, is a former Goldman Sachs CEO, and mega-investor Warren Buffet, who called the bailout "the right thing" for Congress to do, had just bought a huge stake in Goldman Sachs. These are clear signs that the big money-men are likely to turn the bailout to their own profit. Banks and firms that bet on paper securities not backed by real assets should be left to die on their own swords. Sivaswamy Mohanakrishnan, Auckland...
...name of equality and social justice. So while the U.S. government has had to save Fannie Mae and Freddie Mac, Germany has had to save Hypo Real Estate with $69 billion. Berlin has also guaranteed all private accounts to the tune of $1.37 trillion. Britain has served up a bailout plan for its banks worth about $88 billion, and even Moscow has pumped $186 billion into the Russian banking system...
...matches Real Sarah Palin. Not physically or in her accent--glasses, wardrobe and a few viewings of Fargo could have taken care of those. It's the extent to which Fey uses Palin's words. Spoofing Palin's Katie Couric interview, she began an answer on the credit bailout with Palin's actual meandering phrases--vaguely connecting the crisis, health care and canned-sounding bits on "job creation"--before taking her own detour into the frozen tundra of incomprehensibility. But what was fact, and what was invention? Unless you went back to the original video, it was hard to tell...
CAMPAIGN SCORECARD [This article contains a table. Please see hardcopy of magazine.] ROUND 1 2 3 4 ISSUE Economy Electoral College Debates Confidence ACTION Republican hopes that the bailout bill's passage would soothe voter anxiety, calm the markets and move the story off the front page were dashed. The problems keep growing, financially on Wall Street and politically for the GOP: candidates are tanking in the polls, while surveys show voters still trust Barack Obama more on the issue. Obama has solidified his hold on almost every blue state, taken the lead in almost every purple state and gained...