Although some of the 30-plus banks that are getting money from the Treasury Department through its $700 billion financial-industry rescue program have cut dividends in response to tough financial cond
Richard SalsmanNear the end of nearly every bear market and banking crisis in modern times typically comes what might be called
WASHINGTON -- The Treasury's bailout plan is fueling a long-simmering war between financial institutions, prompting fears among small banks that big banks getting rescue money will be encouraged to bu
I am changing my name to Chrysler
I am going down to Washington D.C.
I will tell some power broker
What they did for Iacocca
Will be perfectly acceptable to me
I am changing my name to Chrysler
As stock markets headed off a cliff again last week, closely followed by currencies, and as meltdown threatened entire countries such as Hungary and Iceland, one voice was in demand above all others t
Oct. 20 (Bloomberg) -- Federal Reserve Chairman Ben S.
Nick Anderson,
Boston.Com
http://www.boston.com/bostonglobe/editorial_opinion/cartoons/10_06_08_in...
Both democracies and dictatorships inflate, some more than others.
Why hasn't the vast support given to the US financial system from cutting interest rates to promising to pay $700 billion for toxic assets managed to stem the problem so far?
A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury.