news.bbc.co.uk - 11/12/2008
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The $700bn (£494bn) US bail-out package has already "clearly helped stabilise" the financial system, US Treasury Secretary Henry Paulson has said. But he added that there were still many challenges ahead and market turbulence was likely to continue for some time. Mr Paulson said authorities had ...
online.wsj.com - 11/16/2008
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online.wsj.com —
I find myself in a lonely position. While
many states and local governments are lining up for
a bailout from Congress, I went to Washington recently to oppose such bailouts. I may be the only governor to do so. But I suspect I'm not entirely alone, as ...
(more)
Don't Bail Out My State
WWW.samefacts.com - 11/10/2008
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WWW.samefacts.com —
General Motors proposes that the public lend it
some dozens of billions of dollars more, and Obama
seems to think it's a good idea. Sad to see the new guy pooch a big decision so early. Detroit is certainly hurting, and the people who live there and ...
(more)
Don't bail out US automakers
newshoggers.com - 11/15/2008
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newshoggers.com —
By Fester: In normal times, I would not
support a massive bail-out of GM. However these are
not normal economic times as we have entered a liquidity trap . Unusual and massive interventions are warranted to prevent a Japanification of ...
(more)
Big 3 Bail-out thoughts
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Today on Doing Time, Wednesday, November 12, 2008
The Latest on Air America —
New Yorkers on their way to work this morning were handed print copies of this, an impressive New York Times spoof complete with elaborate website, declaring the Iraq War over and columnist Thomas Friedman remorseful and retired. We'll talk a bit about who's behind it and who was fooled.
Treasury Secretary Hank Paulson gave a press conference today
with some more details about the bailout, and hemmed and hawed about a lame-duck auto industry rescue package. He says the biggest priority should be on our credit crisis, so today we ask our callers...what's ...
A Trillion-dollar Sandbox
Patterico's Pontifications —
... Initially, money from the bailout was supposed to be used to buy bad mortgages under the theory that the government knew better than all of the other investors. The Treasury Department changed its mind Wednesday, deciding that, yeah, that wasn’t a good idea. This was after it got approval to spend the $700 billion pretty much as it pleased. ...
Related Content
The Bail-Out Will Not Work
angrybear.blogspot.com 11/26/2008 — by cactus Let Me State Again: The Bail-Out Will Not Work, It Cannot Work I'm on vacation, and I check the news and Angry Bear and I find this crazy bail-out is growing like mad just in the last few days. I had a post at the start of this thing that ...
Do not bail out the Detroit Three
tigerhawk.blogspot.com 11/16/2008 — NYU finance professor David Yermack absolutely crushes the arguments in favor of bailing out the Detroit Three automakers. Teaser:
In 1993, the legendary economist Michael Jensen gave his presidential address to the American Finance Association. Mr. ...
How long before we have to bail out the NFL?
hotair.com 12/5/2008 — This is a trick question, of course. Thanks to dark threats of relocation, NFL owners have extorted billions from cities, counties, and states for publicly subsidized but privately owned stadiums. Some of them even made money selling naming rights to financial institutions that will be eating ...
Video: Bail me out, Obama!
hotair.com 2/23/2009 — Michelle has a clip from CNN that demonstrates the silliness of the mortgage-bailout efforts of the Obama administration. [...] Read the rest »
BBC NEWS | Business | Swedish car firms get bail-out
news.bbc.co.uk 12/12/2008 — Sweden's troubled carmakers, Volvo and Saab, have been given a 28bn kronor (£2.3bn, $3.5bn) government bail-out to help them cope with falling demand. This comes after the US House of Representatives approved a $14bn (£9.4bn) rescue for US car firms. ...
BBC NEWS | Business | Swedish car firms get bail-out
news.bbc.co.uk 12/11/2008 — Sweden's troubled carmakers, Volvo and Saab, have been given a 28bn kronor (£2.3bn, $3.5bn) government bail-out to help them cope with falling demand. This comes after the US House of Representatives approved a $14bn (£9.4bn) rescue for US car firms. ...
California: Hey, why not bail us out, too?
hotair.com 11/14/2008 — California has a whopping $28 billion dollar deficit , thanks to their inability to control spending. When Governor Arnold Schwarzenegger first took office on a platform of fiscal responsibility, the Golden State deficit was around $6 billion. It ...
U.S. Says It Will Bail Out Christmas
online.wsj.com 12/13/2008 — With the government on the brink of rescuing the U.S. auto industry, we have learned that the Treasury Department is drawing up plans to bail out Christmas. "We have reason to believe," said a person close to the matter, "that without an immediate ...
While we’re on the subject of bail-outs…
wordpress.redstate.com 12/9/2008 — Jon Corzine had an idea or two about the “housing crisis”. He’d like to do a couple of things. And because he’s a Democrat and has no clue about The Law of Unintended Consequences, he - and the Democrat controlled legislature ...
Bush to write book; Palin may steal limelight —
msnbc.com: Politics 11/12/2008
Republicans may have been voted out of power but they could dominate U.S. political bookshelves with memoirs by President George W. Bush and first lady Laura Bush among the possible coming attractions. Yet both could be outdone by Sarah Palin,
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