Waxman: “Serious Reservations”
September 24, 2008 by Joseph McCafferty
House Representative (D-CA) and chairman of the Committee on Oversight and Government Reform Henry A. Waxman released a statement Monday expressing “serious reservations” about the $700 billion bailout plan currently awaiting Senate approval.
September 24, 2008 by Joseph McCafferty
House Representative (D-CA) and chairman of the Committee on Oversight and Government Reform Henry A. Waxman released a statement Monday expressing “serious reservations” about the $700 billion bailout plan currently awaiting Senate approval.
And Then There Were None
September 22, 2008 by Joseph McCafferty
Goldman Sachs and Morgan Stanley’s decisions to seek shelter from the Federal Reserve has resulted in eliminating Wall Street’s investment banking model of the past two decades.
September 22, 2008 by Joseph McCafferty
Goldman Sachs and Morgan Stanley’s decisions to seek shelter from the Federal Reserve has resulted in eliminating Wall Street’s investment banking model of the past two decades.
Frank Wants to Tie Bailout to Guidelines for Executive Compensation
September 22, 2008 by Joseph McCafferty
In the wake of sweeping structural changes across Wall Street, House Financial Services Committee chairman Barney Frank wants the U.S. government to take a stand against exorbitant executive compensation packages.
September 22, 2008 by Joseph McCafferty
In the wake of sweeping structural changes across Wall Street, House Financial Services Committee chairman Barney Frank wants the U.S. government to take a stand against exorbitant executive compensation packages.
Paulson Insists No Bailout for Lehman
September 12, 2008 by Joseph McCafferty
Treasury Secretary Henry Paulson is "adamant" that no goverment money will be used in any deal that resolves the crisis at Lehman Brothers.
September 12, 2008 by Joseph McCafferty
Treasury Secretary Henry Paulson is "adamant" that no goverment money will be used in any deal that resolves the crisis at Lehman Brothers.
Economic Outlook: Will the Bailout Work?
September 10, 2008 by Peter Morici
The Treasury Department has placed Fannie Mae and Freddie Mac under federal conservatorship and booted the senior management. This bailout will impose needed reforms in the companies' business practices. And, contrary to much conventional wisdom, the cost to the taxpayer may not be large - that is, if the federal government gets Wall Street to help.
September 10, 2008 by Peter Morici
The Treasury Department has placed Fannie Mae and Freddie Mac under federal conservatorship and booted the senior management. This bailout will impose needed reforms in the companies' business practices. And, contrary to much conventional wisdom, the cost to the taxpayer may not be large - that is, if the federal government gets Wall Street to help.
Fannie and Freddie Shares Plunge
August 19, 2008 by Joseph McCafferty
Fannie Mae and Freddie Mac continue to take a beating as share prices for both firms plunged on Monday due to growing fears that the firms will be unable to avoid a U.S. government bailout.
August 19, 2008 by Joseph McCafferty
Fannie Mae and Freddie Mac continue to take a beating as share prices for both firms plunged on Monday due to growing fears that the firms will be unable to avoid a U.S. government bailout.
Taxpayers to Pay for Fannie, Freddie Bailout
August 18, 2008 by Joseph McCafferty
The U.S. Treasury is likely to recapitalize Fannie Mae and Freddie Mac with taxpayer’s money.
August 18, 2008 by Joseph McCafferty
The U.S. Treasury is likely to recapitalize Fannie Mae and Freddie Mac with taxpayer’s money.