An Open Letter To Mr. And Ms. American Taxpayer
Tags: EDITORIALS; SECURITIES industry -- United States; BAILOUTS (Finance); CAPITAL market; SECURITIES markets
Related Articles
- Waiting for fallout of Wall Street rout. // Indianapolis Business Journal;9/22/2008, Vol. 29 Issue 29, p12A
The author reflects on the impact of the securities industry to the financial crisis in the U.S. The author emphasizes that the $85 billion bailout of the Federal Reserve to American International Group Inc. on September 16, 2008 did little to shore up markets after Lehman Brothers Holdings Inc....
- KEITH GRAIN: We could have said no to Wall Street. // Crain's Detroit Business;9/29/2008, Vol. 24 Issue 39, p8
The article comments on the Wall Street bailout plan of the U.S. It is stated that the bailout is a bias toward Wall Street, especially among those who made their millions there. It is commented that the companies are now at risk because of their bad judgment, and they should take their losses....
- As Its Economic Power Wanes, Does the U.S. Lean Harder on the Military? Bennis, Phyllis // Foreign Policy in Focus;10/15/2008, p5
The article reflects on the militarization of U.S. foreign policy, as the country's economic power weakens. It asserts that the drive to privilege and empower the Defense Department while sidelining and underfunding the State Department has lifted the military to primary role in both making and...
- In Wake of Wall Street Bailout, Stop Bailing Out the Arms Industry. Hartung, William // Foreign Policy in Focus;10/15/2008, p3
The author comments on the impending $700 billion bailout of the securities industry in the U.S., and the defense budget. He cites that one of the most important concerns that went unaddressed in the first two presidential debates between presidential candidates John McCain and Barack Obama was...
- Playing liar's poker with Wall St.'s future. David, Greg // Crain's New York Business;12/15/2008, Vol. 24 Issue 50, p11
The article presents the author's views about the impact of the financial crisis on the Wall Street in 2008. The author says that Wall Street didn't just go through three booms and busts in the past three decades and it emerged from each bust larger and more profitable than ever. The author...
- What crisis? Harris, Shaun // Finweek;10/2/2008, p70
The author comments on the impact of the global financial crisis to the financial market in South Africa. He relates the move of banks to indulged in the lending bailed out with U.S. taxpayers money. The author argues the move of the U.S. government to back the mortgage industry and its impact...
- Whatever happened to the idea of free enterprise? Stossel, John // Fort Worth Business Press;10/13/2008, Vol. 20 Issue 41, p34
The author reflects on the freeze in the credit markets in the U.S. However, he notes, Ditech and LendingTree still hawk mortgages at under 6 percent. He also mentions that the politicians made a bad bailout bill worse by adding in tax breaks for stock-car racers, movie producers, and the like....
- Back to the table for the bailout bunch. // ICIS Chemical Business;10/6/2008, Vol. 274 Issue 13, p5
The author reflects on the need for a revised bailout deal after the U.S. House of Representatives rejected the $700 billion bank bailout package. The author asserts that the failure of the Congress to pass the bailout package has brought negative effects to the global financial market. The...
- As Times Change, So Must Credit Markets. M. S. // Bank Loan Report;10/6/2008, Vol. 23 Issue 38, p1
The article offers views concerning the bailout regulation of the credit markets in the U.S. Randy Schwimmer, head of capital markets for Churchill Financial, implies that the lack of transparency causes anxiety for debt investor which exacerbated the begriming of credit crisis. Credit market...
