Banking Committee Chair Dodd Considers Bill to Help Homeowners...

The Senate Banking Committee, chaired by Christopher Dodd, is preparing a financial regulatory reform legislation to be released by April 2009, the deadline requested by President Barack Obama. " Already, Dodd plans to schedule hearings for several months where he expects to...

Circuit City to Close All Stores

Circuit City has filed for Chapter 7 bankruptcy, meaning that it will close all of its stores and dispose of all of its assets.  In a recent press release, Circuit City stated that it would be unlikely that any assets would remain for their common stockholders. ...

Bigshots say DUMP U.S Dollars and Gov’t bonds

" Singapore Bigshot says DUMP U.S Dollars and Gov’t bonds Jim Rogers, chairman of Singapore- based Rogers Holdings, said investors should be “worried” about the U.S. dollar, and recommended selling government bonds.“If I were you, I would be worried about the U.S....

Congress Gears Up Two Foreclosure Prevention Bills

Congress has been readying two foreclosure prevention bills to be presented to Barack Obama during his first working days as president in January. " One of the bills would allocate at least $40 billion from the second half of the $370 billion Troubled Asset Relief Program...

Avoiding Societal Economic Disaster requires new way of thinking

Government have sought to convince "the masses" that bailing out the very elites that spawned the world wide 'economic crises' is vital. However, the book entitled Quality-of-Living and Human Development by Horace Carby-Samuels, suggests that what is needed is a new way of...