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Lawmakers Reluctant to Release $350 Billion Foreclosure Bailout
Senate Banking Committee Chairman Christopher Dodd recently said that lawmakers were demanding to see more concrete action from government before it approves the release of the remaining $350 billion bailout funds...
Paulson Among Buyers of Failed IndyMac Bank
The FDIC issued a news release Friday to let the world known the agency’s board had approved a letter of intent to sell IndyMac Bank to a thrift holding company controlled by IMB Management Holdings LP. ... Are Feds Out to Help Owners of Foreclosed Properties?
The US Federal Deposit Insurance Corporation and the Treasury Department are set to work hand in hand on a program that could help improve the national concern on foreclosed properties. The said government agencies are reported to have been finding ways to alleviate... Banks get $140 billion tax break on top of bailout money
In the blink of an eye, and on three little pages of a standard memo, the US Treasury Department granted the banking industry a $140 billion tax break on top of the $700 billion in taxpayer money being handed over... Naomi Klein: Wall Street is a Multi-Trillion Dollar Crime Scene, Dems are Com...
Naomi Klein, author of the best-selling "Shock Doctrine" about capitalist exploitation of disaster for profit, comments on the Wall Street Bailout, the Federal Reserve extending $2 trillion in emergency loans without disclosing recipients or collateral, the Treasury's illegal... Obama Proposes Moratorium on Foreclosures
While Senator John McCain is urging the government to buy bad home loans, inadvertently making taxpayers pay for the difference between these and the homes’ new values, Barack Obama is proposing a 90-day... U.S. Treasury Secretary Paulson changes tack on financial rescue
And the American public responds with thinly-veiled anger and sarcasm. The original story is posted here:... Federal Reserve Refuses to Disclose Recipients of $2 Trillion in Emergency Loans
The privately-owned Federal Reserve Corporation is giving away another $2 Trillion in taxpayer's money under rules that were mostly made up in the last 15 months as their economic shell game began to fall apart with the collapse of the Wall Street-inflated housing market... Neel Kashkari: Paulson's $700 billion man
The U.S. Treasury will name Neel Kashkari, assistant secretary at the department, to head the new Office of Financial Stability and manage the administration of the $700 billion bailout plan. Neel Kashkari... Bush Acquires New Asset Seizure Authority
What was yours is now the government's..."In a little-noticed executive order issued on Tuesday, President Bush directed the Treasury Department to block the U.S.-based financial assets of anyone deemed to have threatened "the peace or stability of Iraq or the Government of... Michael Moore faces U.S. probe of Cuba trip
"Academy Award-winning filmmaker Michael Moore is under investigation by the U.S. Treasury Department for taking ailing Sept. 11, 2001 rescue workers to Cuba for a segment in his health-care documentary Sicko.
The... Ban on US Banks in Real Estate Approved by Senate
Real Estate News "On Thrusday, the Senate Appropriations Committee approved legislation that would permanently ban U.S. banks from engaging in real estate activities, a protection long sought by the real estate industry."How Bush Rigged the Ohio Election -- The Noe Factor
Some Ohio people heading for the slammer.Frist Calls for Halt to U.S. Ports Deal
The planned takeover is on March 2. Emergency legislation might be offered next week to block the deal.
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