Yesterday, the Treasury Department announced that 10 financial institutions had been cleared to return their TARP bailout money — totalling some $68 billion to the government. This is good news — taxpayers are finally getting some of their money back, and banks look to regain their independence, putting the threat …
What if they ran a bailout program and no one came? Last year, the Bush Administration Treasury Department opened TARP’s doors to insurance companies, a number of which promptly filed for aid. Last week, the applications of six of those were approved, totalling some $22 billion. But rather than rush …
Chrysler is declaring bankruptcy. The step that was once declared “off the table” is now a reality. And that’s good news. The bankruptcy process provides the long-troubled automaker with the means necessary to reduce restructure itself into a viable enterprise. It’s also good news that Chrysler will have private-sector help …
Earlier today, President Obama delivered a speech at an impromptu event, sans teleprompter, as he was on his way to deliver a thoughtful gift to his British counterparts to reinforce our special relationship. “Let me first start by saying that for the duration of my administration, there will be no more bailouts.” …
On April 8, 1952, President Harry Truman ordered Commerce Secretary Charles Sawyer to seize and take over operation of most of the country’s steel mills. Truman cited no legislative authority for his actions. Instead, he cited the Korean War. Truman claimed there was a national emergency and his presidential war …
[youtube]http://www.youtube.com/watch?v=94lW6Y4tBXs[/youtube]In a speech during Prime Minister Gordon Brown’s visit to the European Parliament on March 24, 2009, British Member of the European Parliament Daniel Hannan gives a striking speech directed at his Prime Minister, explaining the pitfalls of liberal borrow-spend-bailout policies. Sound familiar? Instead of DVDs, President Obama should have …
A grassroots movement gaining momentum across America, and refusing to be knocked down by administration hit jobs, is calling for President Obama to do something besides spend money. The furor, originally voiced by CNBC reporter Rick Santelli on the floor of the Chicago Board of Trade, is directed at government policies …
