“Call him a fat cat who mocks the public. Call him wicked. Call him what you will. He is, he says, just a banker ‘doing God’s work’”
-From a Sunday Times (UK) interview with Lloyd Blankfein, Goldman Sachs chairman/CEO, published on November 8, 2009
A recent poll is out suggesting a majority of Americans...
Posted to
Economics
on 01-21-2010
Filed under: Recession, Obama Administration, U.S. Government, Health Care, Economy, Employment, Bailout, Unemployment, Politicians, Financial Sector, Banking Crisis, banking industry, Financial Services, bonuses, banks, Wall Street, Barack Obama, Wages, Surveys, Health, President Obama, government intervention, banking sector, healthcare reform, executive compensation, Financial Reform, bank risk, Wall Streeet bonuses, bank loans
“President Barack Obama outlined new multibillion-dollar stimulus and jobs proposals Tuesday, saying the nation must continue to “spend our way out of this recession” until more Americans are back at work…
To pay for the new programs, the administration is citing the Treasury Department’s...
Posted to
Economics
on 12-08-2009
Filed under: Media, Obama Administration, U.S. Government, U.S. Treasury Dept., Employment, Bailout, Congress, Politicians, Main Street, Financial Sector, Political Parties, Stimulus Package, Debt, banks, Barack Obama, TARP, Troubled Asset Relief Program, job creation, Crash Prophets, stimulus program, President Obama, Peter Schiff, national debt, federal debt, government stimulus, hiring, job program, bailout funds, job stimulus, TARP windfall
Is it possible that the gravely-ill housing market in the United States is actually starting to recover? Bloomberg’s Kathleen M. Howley wrote this afternoon:
U.S. home prices rose 0.7 percent in February from January, the first consecutive monthly gain in two years, a sign that low interest rates may...
Posted to
Economics
on 04-23-2009
Filed under: Mortgages, Housing market, Housing, Obama Administration, U.S. Government, Foreclosures, residential real estate, Employment, Unemployment, housing bust, Home Prices, Fannie Mae, Freddie Mac, Interest Rates, Realtors, Homeowners, banks, U.S. housing market, Renters, Real Estate Agents, Florida, foreclosure rates, housing supply, U.S. home prices, California, housing glut, real estate values, foreclosed properties, home values, real estate, housing recession, mortgage rates, housing contracts, housing inventory, real estate crash, foreclosed homes