bailout
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Wall street firm, banks and AIG employees all make out good with bailout dollars. Obama administration is incensed.
The banks have been paid after all as have massive bonuses for the very AIG employees that dragged the company down. All this with bailout money! More
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An Even Bigger Bailout Needed: How Much Is It Going To Take To Plug The Hole?
The bailout plan is not working. This morning’s New York Times has reported that the U.S. government is facing mounting pressure to add to the bailout kitty. Should the government continue to plug the hole?
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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 […] More
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Does The Bank Bailout Spell Socialism? Why Won’t Geithner Let “Zombie Banks” Fail?
President Obama has come under the radar. Publications like the Huffington Post and the Financial Times are questioning whether he has failed already. Why? Because Tim Geithner has proposed a bailout plan for zombie banks that capitalists believe should be allowed to fail. More
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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. More
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Madoff Greatest Ponzi Scheme? Real Estate Magnitudes Greater.
If we dared to complain about the stratospheric price of houses, we were told, “Hey, it’s just the natural law of supply and demand!”
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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 […] More
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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 […] More
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Taxpayer Bailouts : The Lie You Need To Know
I have an issue. A problem, a concern. A nag. It’s an itch, and I just gotta scratch it. It’s this. America, the UK and Iceland have all been bailed out by the taxpayer. You see it and you hear it: “Taxpayer to pump billions of squidoos into financial system” etc. Except it’s a bald […] More
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Does The Credit Crunch Help Or Hurt The Issue of Climate Change?
Whether the global credit crunch will actually help or hurt the search for solutions to climate change is becoming a debatable issue.
Currently, the issue of climate change appears to be on the back burner as governments are focused on the financial problems that have shaken the global economy. It could be several months before politicians return to focusing their attention on long term problems like global warming. More
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Green Economy Will Rebound Faster From Financial Turmoil
The green economy shows signs of rebounding faster than others shaken by the global financial turmoil. There are several indicators pointing to the fact. More
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Bailout Rejected: Will Free Market Economics Sustain Us After All?
It’s official, according to the New York Times, the bailout proposition has been rejected by the House of Representatives. The Dow Jones just plunged more than 400 points and America is standing up for itself as the bastion of free market economics!
According to the New York Times, “supporters of the bailout proposal had argued that it was necessary to avoid a collapse of the economic system, a calamity that would drag down not just Wall Street investment houses but possibly the savings and portfolios of millions of Americans. Opponents said the bill was cobbled together in too much haste and might amount to throwing good money from taxpayers after bad investments from Wall Street gamblers.”
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