Posts tagged as:

economy

Wall Street War Brewing Against Obama Plan

by Moe Bedard

By Moe Bedard
While the likes of Bank of America, JP Morgan Chase, and Wells have signed on to the Obama plan, Bond managers are setting their battle plans against one of the largest government bailouts in history. Arguing that changing the terms of 4 million potential loans would do irreparable damage to the bond market, [...]

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Guilt by Association

by Moe Bedard

By Moe Bedard
The economy in America has its citizens demanding answers. Attorney’s General, the Treasury Secretary and even the President have issued nothing less than a legal holy war against any firm associated with the loan modification industry, lending industry and securities dealers that had anything to do with mortgage backed securities.
Guilt by association is [...]

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Residential Burglaries off the Chart

by Moe Bedard

By Moe Bedard
When times are tough some people turn to crime. But when we think of criminals, the typical image in our heads resembles a shadowy criminal figure, socio-economically challenged and, perhaps, drug addicted.

That’s not the person robbing homes across the United States anymore. Thieves are turning to open houses across the United States, especially [...]

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Remarks by Secretary Henry M. Paulson, Jr. on the U.S. Economy, Housing and Capital Markets

by Moe Bedard

May 16, 2008
HP-981Before the Washington Post 200 Lunch
Washington – Thank you, Len. Over the last forty years, Washington has transformed into a diverse corporate center. Congratulations to the Post for recognizing this through their annual list of 200. And I am pleased to join you and represent the “old” Washington, the less than ten [...]

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Fact Sheet: Taking Responsible Action to Help Homeowners and the Economy

by Moe Bedard

 President Bush Sets Forth Principles For Appropriate Government Action To Address The Economy And Housing Market
Today, President Bush delivered remarks at the Economic Club in New York and discussed the appropriate role the government must play to strengthen the economy and protect our communities. 
The U.S. economy is structurally strong, but we are experiencing a period [...]

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‘Snooty’ bankers blamed for crisis

by Moe Bedard

The “snooty” attitude of bankers and financiers who thought they were cleverer than everyone else is largely to blame for the global credit squeeze “disaster”, Germany’s finance minister has said.
In an interview with the Financial Times, Peer Steinbrück played down the impact on Europe’s largest economy of the turmoil but said steps had to be [...]

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