Iceland's Foreign Minister, Ossur Skarphedinsson, explains how his country managed to pull itself away from the financial abyss in 2008, without forcing the people to bail out the banks or imposing austerity measures.
On Good Friday, your intrepid correspondent appeared on Iranian television with another political analyst to comment on the Euro crisis with especial reference to Greece. A lively debate ensued.
The Greek economy has been struggling in recent times and tonight it made a call for a bail out. It has turned to the European Union and the IMF for emergency loans to rescue the country from its financial crisis.
The Congressional Oversight Panel announced Friday that George Bush's administration overpaid tens of billions of dollars bailing out Wall Street banks last year. That overpayment that came from taxpayers stands at $78 billion.
Labor was asked to make concessions in order for Republicans to pass the auto bail out bill. In the meantime General Motors captains had already taken enough loot off the ship that when it sinks they’ll have enough lifeboats to be safe
It is 12 pm, ET, December 11, 2008. The announcement has just been made that the Senate has voted and rejected a bail out of the Big Three auto makers, something Harry Reid, top Democrat in the Senate considers will cause a serious negative reaction.
The current crisis will no doubt shake the foundations of every garden variety of banking as we know it. Ordinary folks are angry at the largesse of top banking executives. The Civic Banking model may come out as a clear winner .
When America went to bed last evening, the vast majority more than likely lost sleep or frankly just didn't care about the rescue or highway robbery issue. I watched guard and was pleased that the measure failed. First, please review the following.