If you thought the first bailout plan was a piece of garbage, the second one is one hell of a stinker.
Besides using American taxpayer money to pay for the handiwork of those greedy bastards that live among us, this new bill also takes care of executives’ golden parachutes, increases the deficit, and aids and abets Wall Street in cooking the books. Way to go Congress. The Founding Fathers are rolling in their graves. Even faster now.
From MarketWatch’s Greg Robb and Robert Schroeder last night:
The Senate approved a revised $700 billion U.S. plan to stabilize the financial industry and kick-start credit on Wednesday night , just two days after the House defied President Bush and leaders of both political parties to reject the original package.
By a vote of 74-25, senators authorized the Treasury secretary to buy bad assets from companies’ books, allowed the Federal Deposit Insurance Corp. to raise its deposit-insurance cap to $250,000 from $100,000, extended several tax...
Content suppressed by ://URLFAN, for full article visit source
Websites mentioned in article (click for rank details):
The Senate in Holland has approved a Bill that would place a large tax on Internet gambling companies, they also would tax citizens who win on sites outside of Holland.
... more
The Senate in Holland has approved a Bill that would place a large tax on Internet gambling companies, they also would tax citizens who win on sites outside of Holland.... more
The Senate plans to vote on the $700 billion bank rescue plan Wednesday evening -- two days after the House failed to pass it. The bill adds provisions -- including raising the FDIC insurance cap from $100,000 to $250,000 -- and will be attached to an existing revenue bill, according to several aides of Democratic leadership.
... more
My understanding of mark-to-market [M2M] accounting rules is that they require a firm to value its assets at the current market price. See this for more on the topic.
That rule seems eminently sensible to me: if a firm's asset valuations are expected to give its investors and others an up-to-date picture of the firm's position, then current market price seems like a pretty good place to start. I.e., M2M accounting rules require that asset valuations reflect opportunity costs. Who c... more
I’m a sucker when it comes to ice cream. I absolutely love it, even when it’s freezing outside. While I never turn away any kind of ice cream (“give it to Mikey, he’ll eat anything”) I often eat Ben & Jerry’s Ice Cream from Vermont. According to their website , Ben Cohen and Jerry Greenfield met in 1963 in the 7th grade gym class in Merrick, New York (Long Island). They moved to Vermont in 1977 and completed a $5 correspondence course in ice cream-making from Pe... more
New Blog! From: boom2bust.com Post Date: 2008-03-03 18:37:01
In case you’re wondering why it’s been a little slow on Boom2Bust.com lately, it’s because I’ve been putting the finishing touches on a new weblog called Investorazzi.com , “Tracking The World’s Greatest Investors.” From my first post earlier in the day:
Welcome to Investorazzi.com, a new financial weblog that tracks the investment activities of the world’s greatest investors. At the present time, the list of legendary investors includes:
• Tom Barrack, “The World... more
Is it fair to blame the White House for our country’s economic woes? I mean, just how much influence does the President of the United States wield over the economy? I had always thought that their influence was extremely limited in scope. Whether this belief is right or wrong, I do know this. When the economy is booming, they are the first to take the credit. And when things go horribly wrong, they are also the first ones blamed. Sheila Suess Kennedy, an associate professor of law and p... more
Yesterday, Barbara Hagenbaugh in USA Today talked about the significance of assessing the U.S. economy on a state-by-state basis. She wrote:
Despite the recent onslaught of negative news, it remains unclear whether the current state of affairs meets the economists’ definition of a recession: a widespread decline in economic activity lasting more than just a few months. As in politics, all economics is local .
As the debate rages on among economists whether or not the United States has e... more
Feeds and posts are not affliated with ://URLFAN. They are displayed here simply for informational purposes, if you would like to remove your feed, posts, or domain from ranking and analysis, please contact us.
2006-2008 ://URLFAN (Server 201 Generated Nov 23 08 01:45 in 0.457 secs.)
Content suppressed by ://URLFAN, for full article 
Websites mentioned in article
Buzz Words mentioned in article:
How popular is www.boom2bust.com?
