Posted on February 23, 2009 by jasegraves
In the early 1900’s, commercial banks began to establish security affiliates that floated bond issues and underwrote corporate stock issues. (In underwriting, a bank guarantees to furnish a definite sum of money by a definite date to a business or government entity in return for an issue of bonds or stock.)
Then the stock market crashed.
In [...]
Filed under: Clinton, Geithner, Obama, banks, economy, ethics, news, recovery, spin, stimulus | Tagged: bailout, bankruptcy, Barack, Bush, Clinton, congress, depression, economy, federal reserve, free trade, Glass-Steagull, GLBA, Goldman Sachs, Graham-Leach-Bliley, GSA, JP Morgan, Lehman Brothers, Obama, recession, seize assets, solutions, tax cheats, United States | 1 Comment »
Posted on February 23, 2009 by jasegraves
NABE, the National Association of Business Economists, today released the results of their annual member survey. Reuters reports they predicted “the recession-hit economy would begin to recover in the second half of this year, returning to a potential growth trend in 2010.”
I wondered who these people were, and if they were the same people that [...]
Filed under: Geithner, Obama, banks, credit cards, economy, ethics, lobbyist, spin, stimulus | Tagged: bailout, bankruptcy, Barack, Bush, change, Clinton, congress, depression, economy, federal reserve, free trade, Geithner, Goldman Sachs, JP Morgan, Lehman Brothers, NABE, recession, solutions, tax cheats, treasury, United States | Leave a Comment »
Posted on February 19, 2009 by jasegraves
What a couple of days it’s been in the financial world. Allen Stanford, scammer extraordinaire, whereabouts still unknown, is now known to have contributed large sums of money to congressional recipients, to vote against a financial services antifraud bill that would have linked the databases of state and federal banking, securities and insurance regulators. The [...]
Filed under: Clinton, Geithner, Obama, banks, campaign finance, economy, election, election reform, ethics, lobbyist, media, news, oil, recovery, spin, stimulus | Tagged: Antigua, bailout, bankruptcy, Barack, Bern, Bush, change, Chavez, Clinton, congress, depression, economy, election, evasion, FBI, federal reserve, financial crimes, free trade, Geithner, Goldman Sachs, income tax, IRS, jail, JP Morgan, Lehman Brothers, Obama, recession, Rice, RICO Act, seize assets, solutions, Stanford, supermax, Swiss, TARP Rebate Fund, tax cheats, tax evasion, treasury, UBS, United States, Venezuela | Leave a Comment »
Posted on March 1, 2008 by jasegraves
Bush, yesterday announced we aren’t heading for a recession, we are in an economic slowdown. This announcement defies the belief of most economists, who are careful to say they haven’t proved we are in a recession but believe we “could” be or “probably” are. It gives one cause to wonder if he thinks his just [...]
Filed under: economy, oil | Tagged: Bush, economy, oil, solutions | Leave a Comment »
Posted on February 25, 2008 by jasegraves
WBBM radio reported today that economists are increasingly convinced that the United States will fall into recession soon. One economist they quoted said he believed that we were already in a recession, that it probably started in the fourth quarter of last year, and that it will probably be over by mid-year when people start [...]
Filed under: banks, credi cards, economy, election | Tagged: Bush, Clinton, credt card default, depression, economists, economy, election, fed, federal reserce, foreclosures, Goldman Sachs, JP Morgan, Lehman Brothers, recession, statistics | Leave a Comment »
