Bailout
Auto Industry Lowers Prices During Hard Times
While the automakers are on captiol hill begging for a bailout, consumers are made to belive that automobile prices are at an all time low. Some reports have cited cars are now selling at a 20-30% discount and 0% financing is making a comeback. Does this mean it’s time to buy?
In my opinion, the 20-30% [...]
Is The New Mortgage Bailout Any Good?
I hate to be critical when the government seems to be trying its best but I just can’t help it. I am confused and frustrated by this goverment’s train of thought as well as policies some times and, natch, I want to let you, dear reader, know all about it.
The first bailout we had that [...]
Really? Treasury Hires Thacher & Bartlett for Legal Advice for Rescue Package?
Who cares who the Treasury Department hires for advice when it comes to implementing the over $700 billion rescue plan? I know it, the headline is boring, but keep reading. I decided to look into Thacher & Bartlett to understand why the Treasury Department would use taxpayer money to get guidance—I mean is there not [...]
Insiders Perspective: Embarrassing Congressional Reaction to an Originally Dangerous Bailout Plan
MYM Series: Wall Street Bailout Explanation 4 of 4
We have learned today that the House of Representatives passed the Emergency Economic Stabilization Act of 2008 by a vote of 263-171. Because the Senate passed the same version just days prior, the bill is now ready to be sent to the President for his signature. So [...]
What Is Actually Included In the Bailout Legislation?
MYM Series: Wall Street Bailout Explanation 3 of 4
As you have probably heard, the U.S. Senate passed an amended version of the bailout package late on Wednesday, October 2. Mainly, changes were made to the bill in order to garner enough Republican votes in the House, where a similar package was shot down earlier [...]
