A Solution For The Banks…

I have been reading many of the various proposals to solve the financial crisis that we are facing here in the United States and the rest of the globe because the securities that are tied to the values of the troubled US assets were sold all over the world.
The United States is in a period [...]

The Credit Crisis Seems To Be Easing… Signs Of Recovery Starting To Show

Fantastic news!  And it looks like things are going to be getting better!!!
CNBC

Global interbank lending rates fell sharply Monday, fueling hopes that central banks have succeeded in their massive efforts to unlock credit for cash-strapped banks and borrowers.

Other measures of stress in credit markets ebbed to levels not seen in more than a month….
Money markets [...]

Analysis Of “The McCain Housing Plan”

I will start off by saying that I think that McCain is on the right track with this one.  This is the best proposal I have heard thus far (other than what the Fed is doing currently with commercial paper) to solve the economic crisis America faces.
First, a bit of an explanation of the root [...]

The Bailout: Say Goodbye To All Of Obama’s Campaign Promises

The past ten days has radically shifted the entire course of the Presidential campaigns… but seemingly not in the way that most people have caught on to yet.
From Firedoglake
I can’t think of any way to sugar coat this, I’m afraid. It’s a bad bill and it isn’t just that Barack Obama voted for it, it’s [...]

The Bailout Cry Spreads – IMF Calling For Europeans To Do US Style Bailout

From CNN
Europe must show it can respond like the United States in the “trial by fire” of the global financial crisis, says International Monetary Fund head Dominique Strauss-Kahn.
European leaders are meeting in Paris on Saturday to discuss their approach to the global financial crisis.
Strauss-Kahn said that the financial situation was an unprecedented test for the [...]

The Bailout – A Clairifcation Of My Position

Ok, now that President Bush has signed the “Bailout/Rescue” Bill, I feel the need to clarify my thoughts on the bill.
Do I oppose the passage of the bill as it appeared in both the House and the Senate? Absolutely.
Do I oppose the basic principle of the bill? No.
Unfortunately, and as much as I hated it, [...]

House Passes Bailout

CNN
I don’t even know what to say…  I wanna barf.

Ever wonder what is in the $800 Billion Bill being voted on 10/3?

If you are like me, you occasionally wonder what our Congress is spending our tax dollars on.  I’ve been searching for an official copy of the bill and the usual summary that accompanies these things – and have not found it.  So in the interest folks knowing what is going on, I thought I’d offer [...]

Bailout Update: Putting Pickles On A Crap Sandwich

Ok, so the market is doing the unexpected thing:  the day after the bailout/rescue was passed by the Senate, the DOW is tanking…  hard.  It closed 360 points down
Why?
Well, there are a few things going on…
1.  The Unemployment Report is coming out tomorrow and it is not expected to be very pretty.  The highest unemployment [...]

Ok, So I Just Read The Senate Version Of The Bailout Bill…

UPDATE:  To Read The Latest News On The Status Of The Bailout And The Market CLICK HERE
 
 
And it’s a crock of crap.
The bill has now been expanded to 451 pages, from the House version of 110, which was expanded from the original 2 pages submitted.
God, Congress has a way of adding bunches of irrelevant crap [...]

Who Are Franklin Raines, Tim Howard and Jim Johnson?

These are the 3 guys that took down wall street as bigwigs at Fannie/Freddie…  and guess where they are now?
.
They are Obama advisors.
Make sure to follow the link…  they do an excellent job of breaking it down, but below are a few snips for you!
CLICK HERE
Franklin Raines was a Chairman and Chief Executive Officer at Fannie [...]

Karl Rove’s Take On The Day – Pelosi and Obama Failed

Bailout Bill Failed – “Oh, Hell No” Runs Rampant and What Happens Next

You can get the info on the fact that the Bailout failed all over the place, so I am not going to cite the info for you…  what I am going to do instead is talk about why it failed and what happens next.
First, why…
Well, when the bill was submitted, it was sold to the [...]

House Speaker Declares Martial Law, Dems Exclude Repubs From Bailout Talks

Much did not make it into compromise Bail Out Bill

Click Here For The Draft Of The Bailout

The draft Bail Out Law appears to have what was stated in the media – sort of – as its provisions for the troubled assets relief program (“TARP”), and as to its other provisions.

There is a FDIC type insurance program that “may” be developed, where the Secretary [...]

Bill O’Reilly… My New Hero?

I must say that this election season has been the craziest I have ever seen.  I feel like I have stepped through the looking glass and what was down is now up.
In the most recent of unexpected twists…  I think Bill O’Reilly might be my new hero?
via MOUNTAIN SAGE

Reverse Auctions in Bail out – designed to not screw taxpayer?

Reverse Auction Design – will it be in the final bill?
With over 100,000 individual designed  mortgage-related securities, obligations, and other instruments outstanding, further divided  by multiple rated tranches, auctions to price each piece are not workable.  But the Mortgage Bailout Bill depends on price discovery via auction – and as far as I can tell [...]

Follow Up: Acorn and The Bailout

While writing the piece about how the Democrats attempted to earmark the bailout to divert funds to ACORN, it occurred to me that some of my readers might not completely understand who or what ACORN is, how they are related to the Democratic Party, how Obama is intertwined with this group and why the inclusion [...]

Priorities…. Others vs Self

Today, John McCain is once again setting aside his Presidential campaign and is ready to delay or cancel the debate he is expected to perform best in, the foreign policy debate, so that he can be at the forefront of the Bailout efforts and make sure that the American people get the best possible solution in [...]

The Dems Earmark The Bailout Bill!?!?!? For ACORN?!?!?!

UPDATE:  You should see the Senate version of the bill…  I just got done reading it…  holy god.
 
Note:  Background info on ACORN as a follow up has been posted HERE
Back to  our original programming…
HOLY CRAP!
No wonder the Republicans are freaking out over this bill and the whole thing is about to fall through…
The friggin Democrats [...]