BlueBloggin

I really don’t know if I am tired of every one throwing amount the wrong term “bailout” or the Americas stupidity on how the economy works. While many believe that the bailout is about Wall Street the true fact is this is a “credit market” crisis.  Which is a far cry from the Wall [...]

Posted by nytexan September 29th, 2008 | Tags: Ali Velshi, Bailout, CNN, Credit Market, economy, Wall Street | Category: CNN, Politics, Wall Street, banks, economics, economy | Leave a comment

NEW YORK/WASHINGTON (Reuters) – Washington Mutual Inc was closed by the U.S. government in by far the largest failure of a U.S. bank, and its banking assets were sold to JPMorgan Chase & Co for $1.9 billion.
Thursday’s seizure and sale is the latest historic step in U.S. government attempts to clean up a banking industry [...]

Posted by nytexan September 26th, 2008 | Tags: Bailout, banking, economy, McCain, Wall Street, Washington Mutual | Category: banks, economy | Comments (2)