bailout

Can Blue Dogs Help Obama’s Green Message?

Despite public outrage over AIG bonuses, Obama had a good week. He traveled across America expressing his own outrage over the bonuses. He was warmly greeted in Orange County, California — once a bastion of conservative Republicanism. Republican Governor Swarzenegger warmly embraced him and assured him that California supported the stimulus plan. Obama appeared on the Tonight Show displaying his quick wit with the show’s host Jay Leno.

Wall Street Says The Obama Administration’s Bank Bailout Plan Amounts to “Creeping Nationalization”

Sunday’s Financial Times has confirmed that the administration will be putting Wall Street banks through a “stress test.” The $2,000bn bank bailout plan was announced last week ahead of formal discussions with the industry’s representatives. The bailout package includes financial assistance to purchase toxic assets from banks and a guarantee to cover some of the …

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2008….Cause For Inspiration? The Economic Year In Review

2008 – what a year! As we get ready to draw the curtains on one of the most unsettling economic years in history, we the writers of the Inspired Economist are still wondering… was this year one that has left our battered economy begging for inspiration? Or have the sustainable events of 2008 spearheaded the initiation of what we believe is truly an Inspired Economy?

2008 was about the $700 billion bailout. Foreclosures. The plummeting stock market. As the year came to a close, the nation’s economic turmoil battled with the presidential election. But it was also a time when new businesses were born into what appears to be an unprecedented sustainability boom. When energy, economy and environment have taken on a new and inter-dependent definition.

Economic Security Measures Proposed for Major Banks

Under Troubled Asset Relief Program (TARP) of the U.S. Treasury, Citigroup and Goldman Sachs received $25 billion each and Bank of America received $10 billion in federal bailout funds.  It has been argued that much of the the global economic meltdown was brought on by the country’s largest financial institutions.  In response to the recent …

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Economy In Recession: The Cost Of Allowing Lehman Brothers to Fail

The failure of Lehman Brothers is seen as the last straw that broke the credit market. The financial markets have been in a state of complete disarray ever since the U.S. Government allowed Lehman Brothers to file for bankruptcy on September 15th 2008 instead of intervening to save it, as it did with Bear Sterns …

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