TITLE

Money Trouble

PUB. DATE
November 2008
SOURCE
Weekly Reader News - Senior;11/14/2008, Vol. 87 Issue 10, p4
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article deals with the bailout plan passed by the U.S. Senate and House of Representatives in early October 2008 to help fix the U.S. economy. In the said plan, the government promised to spend $700 billion to purchase bad mortgages and loans from the banks. However, the article states that some people are said to oppose the plan saying that financial companies should pay for their mistakes.
ACCESSION #
35188828

 

Related Articles

  • THE STRANGE POLITICS OF THE FINANCIAL BAILOUT. Spence, David B. // Texas Magazine;Fall/Winter2008, p25 

    The author examines the politics involved in the U.S. financial bailout. He notes that the Troubled Asset Relief Program (TARP) Act of 2008 or the "Wall Street bailout" was a political minefield for members of the U.S. Congress, and contained no real standards on how the Treasury would spend the...

  • Feds must watch for opportunistic firms in bailout.  // Crain's Chicago Business;9/29/2008, Vol. 31 Issue 39, p26 

    The article comments on the financial bailout plan approved by U.S. Congress in September 2008. It says that if federal officials aren't careful, the financial bailout plan will put them in the same position as local governments that tried to help Chicago, Illinois-area residents hit by flooding...

  • Where Does It End? Free, Mitch // Moldmaking Technology Magazine;Nov2008, Vol. 11 Issue 11, p22 

    The author presents his opposition to the financial bailout plan approved by the U.S. Congress to rescue the country's abating financial, mortgage and credit institutions. He believes poorly run companies that have collapsed while holding and managing trillion of dollars in assets, should be...

  • How Little Stimulus Will Be Enough?  // Time;5/9/1977, Vol. 109 Issue 19, p89 

    The article focuses on the desertion by U.S. President Jimmy Carter for his tax rebates scheme of 50 dollars per person which affects the nation's stimulus funds for the economy in 1977. It states that the Senate Budget Committee convened with the economic policymakers of the president to hear...

  • HY Market Suffering Bailout Blues. M. S. // High Yield Report;9/29/2008, Vol. 19 Issue 37, p1 

    The article focuses on the impact of government assistance on the High Yield market in the U.S. The announcement of the U.S. Congress on its $700 billion plan indicates that it would likely to approve the plan before the market will open. Steve Bavaria, managing director of DBRS Ltd., said that...

  • Finally, a real economic solution. Durso, John R. // Long Island Business News (7/1993 to 5/2009);2/13/2009, Vol. 56 Issue 8, p12A 

    The author reflects on the approval of U.S. President Barack Obama's $819 billion economic recovery package by the House of Representatives. He asserts that the legislation includes funds for green renovation, and also offers health care to the victims of economic meltdown. He cites that even...

  • Finding the right solution. Naugebauer, Randy // Breckenridge American;10/8/2008, p11 

    The author reflects on the defeat of the financial relief package bill in the U.S. House of Representatives. He argues the need to protect the taxpayers and to make sure that the taxpayers will not shoulder the mistakes done on Wall Street. An overview of the market-based solutions rather than...

  • Bailout: Power Brokers 1, Constituents 0. Benoit, Gary // New American (08856540);10/27/2008, Vol. 24 Issue 22, p44 

    The author reflects on the passing of a bailout bill in the U.S. Congress. He states that the passage was the result of strong lobbying by the congressional leadership of both the Democrat and Republican Parties as well as by the White House and Wall Street. He argues that the passage of the...

  • Rescue the Economy with Green Investment. Pope, Carl // Progressive Populist;11/15/2008, Vol. 14 Issue 20, p14 

    The article presents the author's views on the debate over the economic bailout amounting to $700 billion in the U.S. Congress. It states that the nation needs a real plan that will benefit the American citizens and has to change priorities to solve the long-time crisis in the economy. It also...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sign out of this library

Other Topics