Geithner to unveil plan to purchase $1 trillion of bad debt

Since the bailout debacle began in September of 2008, the Treasury Department has struggled to find a plan that would actually work in strengthen banks and allow them to free up the credit market. The credit market, we are told, is the key to the recovery of our economy and to bringing us out of [...]

$700 billion with no strings attached

Do you remember how the American taxpayer was made to feel in September, about the $700 billion financial bailout for Wall Street? Treasury Secretary Henry Paulson came to Congress and said the bailout had to be passed quickly, that the health of our economy depended on it. I said back then, that anytime someone started [...]

Senator Jim Inhofe says no more bailout money

It’s not surprising that Oklahoma Senator Jim Inhofe has once again came out strongly against any further bailouts by Congress and the Secretary of the Treasury. He was very much opposed to the original bailout plan and now that we have $350 billion down the tubes, he is trying to prevent the rest of the [...]

Mark Sanford says no bailout for South Carolina

Thanks to Tam, over at Bare Thoughts for alerting me to this article.
When President Bush, Secretary of the Treasury, Henry Paulson, and Congress first got together and decided some of these companies needed a bailout, at our expense, there were very few people who stood up and said no, this isn’t the way to go. [...]

Has the economic bailout accomplished anything?

When it became apparent several weeks ago that our economy was in much more serious trouble than the experts first believed, Secretary of the Treasury, Henry Paulson, came to Congress and said he needed $700 billion to fix the problems our economy faced. It was a “need to do it right now” moment and after [...]

On the bailout plan, more politics as usual

With all the talk about bipartisanship in Washington and coming together to fix the problems with Wall Street, you would think we taxpayers would be able to see something different coming from our leaders. Well, so much for something new and back to the same old getting nothing done. From reading the news reports of [...]

A $700 billion dollar bailout

I will be the first to agree if you come right out and tell me I don’t know much about the economy and the way it should work, but I am pretty sure the way things have been going lately, that’s not how it’s supposed to be. Between the credit crisis, the mortgage crisis, and [...]