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Category Archive for 'bailouts'

Sunpower Double Trouble

1.2 Billion to Congressman George Miller’s son’s client. The company is building its new factory in Mexico.

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The Conservative Response

There may not have been a Republican response, but there is a conservative one. If you want evidence that he is right, you owe it to yourself to watch this video. If you think he is wrong, then you really owe it to yourself to look at this video. Ron Paul won the last debate. [...]

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Markets Shaken

The global markets are shaken, but not panicked by the S&P downgrade.  The EU is trying to by up Italian and Spanish bonds to avoid a meltdown in Europe.  It is hard to believe some people still hold that. borrow, tax, and spend is the key to long term prosperity.

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The Fed’s bailed out with 35 billion in bonds three wholesale credit unions. The total amount involved is around 50 billion dollars.  In an effort to avoid the political backlash of another tax payer bailout, the plan accesses the retail credit unions who are sound and avoided the crisis.  It is more of the spread [...]

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A  jobs’ bill should tax business and give bailout money to state governments. Thank you for assisting Senators Collins and Snowe.

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Congressional Candidate MicheleRollins resigned from the Wilmington Trust Board of Directors. It is a good move. It makes her free to say what she wants and gives more time for campaigning. It also removes any conflicts between being a taxpayer advocate and having a responsibility for the bank.

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From today’s Washington Times, we have won a limited audit of some past Federal Reserve deals in the financial reform. Other votes smack of business as usual. Also Tuesday, senators rejected Republicans’ efforts to force reforms for Fannie Mae and Freddie Mac, the government-backed mortgage companies that many analysts say helped spark the financial blowup [...]

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For Immediate Release “If the Dodd bill does not contain bailouts, and if the Boxer amendment would ‘prevent’ bailouts, why are now Senators Shelby and Dodd working on another amendment to remove the bailout provisions?”—Bill Wilson, President of ALG. ALG Slams Boxer Amendment as “Doing Nothing to Prevent Future Bailouts” May 3rd, 2010, Fairfax, VA—Americans [...]

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Goldman Sachs “Given that much of the financial contagion was fueled by uncertainty about counterparties’ balance sheets,” Goldman Chief Executive Officer Lloyd Blankfein and President Gary Cohn wrote in a letter at the beginning of the annual report, “we support measures that would require higher capital and liquidity levels, as well as the use of [...]

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Bernanke In Trouble

It should be a slam dunk for Time’s man of the year to be reconfirmed for a second term, but it appears that liberals and conservatives agree on at least one thing, there needs to be a growth agenda that is bigger than Wall Street. Moderates are not rocking the boat as usual. Republican Senators [...]

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No Rush

The Government is not in a rush to take the TARP money back. It is all about control.

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If this is help

Vice President Biden touted the pittance of help stuck in the stimulus bill for small businesses, now we know that the government is not even making that happen.  If this is help, I hate to see apathy. I finally put through one request that I thought should be approved. The funding would have given this [...]

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A Few Questions for Ben Bernanke

Chairman of the Federal Reserve Ben Bernanke has been nominated for a second term. He has a 99% chance of confirmation allowing for a heart attack or complete collapse of the economy. That does not mean he should not be asked to justify a few policies. The Federal Reserve is paying interest on excess reserves [...]

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Ginnie Mae Coming your way

Joseph Murin must have read the inspector general’s report and is retiring from his post as CEO of the Government National Mortgage Association which markets FHA and VA mortgages. It is the only one of the Mae and MAC family that actually has the full faith and credit of the U. S. government. If the [...]

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