Monthly Archives: September 2008
Dow Rises 485 Points a Day After 777-Point Fall Stocks staged a broad recovery on Tuesday after Monday’s big sell-off. The Dow Jones industrials gained 485 points, more than halving the 777-point decline on Monday. Read More: HERE
Investors bet that a bailout plan can be passed later this week. Dow jumps 400 points. By Alexandra Twin, CNNMoney.com senior writer Last Updated: September 30, 2008: 2:39 PM ET NEW YORK (CNNMoney.com) — Stocks rallied Tuesday afternoon as investors … Continue reading
After the stress of the last couple of days, it’s time for some laughs. Hat Tip to The Divine Democrat.
Donald Trump has an interesting take on the bailout bill not passing….he says there is a silver lining to the crisis cloud.
House Locked in Vote on Bailout Plan By CARL HULSE and DAVID M. HERSZENHORN 4 minutes ago With enough “no” votes recorded to defeat the measure, barring a change in position by some lawmakers, the markets were plunging early in … Continue reading
Here are some highlights of the financial bailout bill: Doling the money out: The $700 billion would be disbursed in stages, with $250 billion made available immediately for the Treasury’s use. Authority to use the money would expire on Dec. … Continue reading
Here is a link to the 110 page draft of the ‘‘Emergency Economic Stabilization Act of 2008’’. One thing I’m glad to see in the bill is this: (C) a prohibition on the financial institution making any golden parachute payment … Continue reading
According to Fox News there is a tentative hand-shake agreement on the bailout. These are some of the highlights of the bill: limits on executive compensation share for taxpayers in any future profits a push by the government to work … Continue reading
Democrats abandon drilling ban Battle likely to resume for next administration Stephen Dinan and S.A. Miller, THE WASHINGTON TIMES Wednesday, September 24, 2008 Democrats will let the offshore drilling moratorium expire next week, caving in to Republicans weeks before the … Continue reading
FBI investigating companies at heart of meltdown Published: September 23, 2008 Filed at 7:11 p.m. ET WASHINGTON (AP) — The FBI is investigating four major U.S. financial institutions whose collapse helped trigger a $700 billion bailout plan by the Bush … Continue reading