financial crisis

http://news.yahoo.com/s/nm/20080923/ts_nm/us_financial_news_6 There ain’t a darned thing any amount of money is going to do to shore up this system. Here's what's happening: All those derivatives are just bets. They are a zero sum game. You think they are worth something, but if you make...

"Bad Money" is a book authored by Kevin Phillips. I haven't read the book yet, but I've sent for it. Here is an excellent interview of Kevin where he pulls no punches and holds no quarter. Taking on republican and democratic parties and candidates alike, Phillips makes easy understanding in...

Yesterday morning John McCain spoke to about 100 workers at General Motors Corp.’s Orion assembly plant. The Detroit Free Press reported the following quote from that talk: Link From this I draw the following conclusions: • McCain supports direct loans to manufacturing corporations from the...

Boy, the hits keep on coming. This is really bad news for McCain... Reports: Fannie Mae, Freddie Mac takeover set Remember the embarrassing revelation that McCain can't recall how many houses he owns? Well, we can expect the Democrats to start nailing him on that ultra-hardcore after this...

I thought about calling this thread "Obama offers 50 billion dollar bribe." I'm simply disgusted by "economic stimulus" packages. True story from the last stimulus package. One day, I was opening the mail, my wife was preparing dinner, and my then four year old son was playing. He was just...