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September 30, 2008
Since the $700 billion bailout plan went down in the House of Representatives by a 228-205 margin, talking heads and politicos have been looking for ways to circumvent Congress and give the executive branch the authority to…
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September 30, 2008
The doom and gloom crowd was piling on after a record one-day 777-point drop in the Dow Jones Industrial Average (DJIA).
David Tice, who manages the $1.1 billion Prudent Bear Mutual Funds from…
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September 30, 2008
In their continuing effort to cast the economy as “Wall Street versus Main Street,” many in the media have criticized the proposed $700 billion bailout of financial institutions as rewarding “fat cats” who made bad investments.
But CNBC…
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September 29, 2008
What does CNBC’s star and “Mad Money” host Jim Cramer think about the 777-point drop? It’s just the beginning.
Cramer on CNBC’s Sept. 29 “Mad Money” cautioned viewers about the current market. His advice – do nothing because there’s more…
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September 29, 2008
Politicos and talking heads in the financial media backing the bailout of the financial services industry argue that the government stands to make money on the rescue plan proposed by Treasury Secretary Henry Paulson. But according to a new…
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September 29, 2008
One-third of Americans think it is time to whip up some shoe leather soup and hum “Brother Can You Spare a Dime?,” according to the Sept. 29 USA Today.
According to a front-page Business section article headlined “Americans gloomier, for…
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September 29, 2008
Financial experts Peter Schiff and Stephen Leeb faced off on “Your $$$$$,” presenting opposing viewpoints about the looming bailout. Schiff attacked the bailout and “irresponsible monetary policy” while Leeb defended it…
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September 26, 2008
It’s been raised as a possibility and was even dismissed by former President Bill Clinton, however Senate Majority Whip Richard Durbin, D-Ill., said former Federal Reserve Chairman Alan Greenspan is partially at fault for the current economic…
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September 26, 2008
Republican presidential candidate Sen. John McCain suspended his campaign to help craft a government bailout of the financial sector not for the good of the country, but so he could take credit – at least according to his…
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September 26, 2008
NBC wants to help you find the “silver lining in the economic cloud.” Just don’t listen to “Today” host Matt Lauer.
The Sept. 26 show brought on three financial experts to help viewers make the…
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