BlueBloggin

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 [...]

Posted by nytexan October 1st, 2008 | Tags: Bailout, banking, economy, Senate, Wall Street | Category: Congress, Senate, Wall Street, economy | Comments (2)

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

World reaction to the historic Wall St fall

For Stocks, Worst Single-Day Drop in Two Decades
US bail-out rejection stuns markets

‘Shocking scenes’
John Terrett, Al Jazeera’s correspondent in New York, said “I’ve never seen anything like this before.

IN DEPTH

The US bail-out package

“We’re seeing quite literally shocking scenes on the floor of the New York Stock Exchange.
“People [...]

Posted by bosskitty September 29th, 2008 | Tags: Bailout, Bush, Congress, economy, Wall Street | Category: Bush, Congress, Wall Street, economy | Comments (3)

Sphere: Related Content

Posted by nytexan September 27th, 2008 | Tags: Bailout, Bush, Jon Stewart, The Daily Show, Wall Street | Category: Bush, Politics, Wall Street, economy | Comments (1)

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 [...]

Posted by bosskitty September 27th, 2008 | Tags: banking, Bush, economy, McCain, Obama, recession, Wall Street, WaMu | Category: Bush, GOP, Global Economy, John McCain, Obama, Politics, Wall Street, economy | Leave a comment

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 [...]

Posted by bosskitty September 27th, 2008 | Tags: Alan Greenspan, Bailout, banking, Ben Bernanke, economy, Hank Paulson, recession, Wall Street | Category: Accountability, Alan Greenspan, Bush, Wall Street, economy | Comments (2)

John McCain’s rush to Washington to save our economy has only caused delay and damaged the bailout. A  bailout agreement was on the table before McCain landed and when the maverick arrived on Capitol Hill he managed to slam dunk it into the trash. What a maverick.
As McCain traveled to Washington, he probably missed the [...]

Posted by nytexan September 26th, 2008 | Tags: Bailout, Bush, Hank Paulson, John McCain, Republicans, Wall Street | Category: Bush, Congress, Democrat, GOP, House of Representatives, John McCain, Wall Street, 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)

John McCain running back to Washington to save Wall Street, please give me a freaking break. It’s more like McCain can only handle one thing at a time. Today, McCain’s recent stunt is to postpone his campaign and  cancel the debate.  Why, because McCain thinks he can save America after all it is “Country First.” [...]

Posted by nytexan September 24th, 2008 | Tags: campaign, economy, John McCain, Republican, suspend, Wall Street | Category: John McCain, Politics, Republican, Wall Street, economy | Leave a comment