John McCain would like everyone to forget he was one of five Senators up to their corrupt behinds in the The Keating Five Savings & Loan scandal of the 1980s and early 1990s. The Senate Ethics Committee stated “Senator McCain exercised poor judgment.” Somethings never change.
In a July 1996, General Accounting Report (GAO); Financial [...]
Washington Post
By a vote of 74-25, the Senate just approved the revised version of the $700 billion Wall Street rescue bill rejected Monday by the House.
The bill now heads to the House for a vote, likely on Friday. Some of the revisions included in the Senate bill were designed to win the support of House [...]
OK, there are lessons in history, has anyone bothered to notice that Americans have played this scene before?. ..
List of stock market crashes
WaMu Is Seized, Sold Off to J.P. Morgan,
In Largest Failure in U.S. Banking History
Welcome to chaos: Arab nations hit hard as world markets crash
European Central Banks Offer More Dollars From [...]
Business as usual for US arms sales By Frida Berrigan
The chief executive officer of a weapons manufacturer has plenty of chances to rub elbows with deputy secretaries of defense, officials from Homeland Security, retired military personnel, and the best and brightest of the defense establishment almost any week of the year.
One such opportunity [...]
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 [...]
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