December 9, 2008 - If the current recession started last December, as the latest findings from the National Bureau of Economic Research clearly indicate, then it stands to reason that, considering things have gotten a lot worse since then, we're a lot closer to a depression than anyone has realized. Perhaps we're...
Filed under: Automaker Bailout,
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Big Three Automakers,
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November 25, 2008 - The news that Citigroup had tanked came as no surprise to me since I'd been to the local automatic teller location this week and the guy opening the door hoping I'd drop a coin into his paper cup was the CEO...
September 23, 2008 - In 20 years, we'll be saying, "When the economy collapsed, CNN's Rick Sanchez was there."
Posted by: Kevin Allocca...
Filed under: Rick Sanchez,
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July 23, 2008 - As always, when Bush says something succinct and kind of funny, the Republicans try to hide it.
That's right. Bush said that Wall Street got drunk, and now it's hung over. And it's waking up next to China. And in the morning light? Uh-uh, it do...
Filed under: George Bush Wall St hungover,
George Bush hungover,
Wall Street got drunk,
Wall St got drunk,
Wall St got a hangover,
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George Bush Wall St got drunk,
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government bailout,
Freddie Fannie,
Freddie Mac,
Fannie Mae,
Fannie Mae bailout,
Freddie Mac bailout,
foreclosure,
foreclosure rate,
mortgage crisis
July 23, 2008 - President George W. Bush has always used simple, folksy language to summarize major issues, but never so personally as last Friday, when he was caught on tape at a Republican fundraiser talking about...
Filed under: George Bush Wall St hungover,
George Bush hungover,
Wall Street got drunk,
Wall St got drunk,
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foreclosure,
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July 23, 2008 - Glenn Beck draws insight from his affinity for drugs to create a metaphor for our economic crisis. From "Manual: Your World Today...
Filed under: Glenn Beck,
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Bush recession,
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foreclosure,
foreclosure rate,
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Business
July 16, 2008 - What more is there to say? Shopping alleviated our fears after 9/11, and turning down the air conditioning will eliminate the energy crunch. I know, let's only go shopping in stores that don't use air conditioning: outdoor markets, for example, or the trunk of an old Chevy...
Filed under: Bush recession,
Bush economy,
Bush economy speech,
George W Bush economy,
Bush Freddie Mac,
Bush Fannie Mae,
Bush Fannie Mae bailout,
Bush Freddie Mac bailout,
Freddie Mac,
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foreclosure,
foreclosure rate,
mortgage crisis,
subprime mortgage crisis,
Freddy Mac,
Fed bailout,
Henry Paulson,
Ben Bernanke,
Federal Reserve,
Business
July 15, 2008 - Tuesday, President Bush addressed the Fannie Mae and Freddie Mac crisis and the economy at large. In remarks to reporters, Bush endorsed the efforts of Fed chairman Ben Bernanke and Treasury Secretary Henry Paulson to curb an economic crisis set to rival Armageddon (the movie, considering an astero...
Filed under: Bush recession,
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foreclosure,
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Henry Paulson,
Ben Bernanke,
Federal Reserve,
Business
July 15, 2008 - President Bush braved a phalanx of annoyed reporters Tuesday at his first press conference since April, urging lawmakers to rescue floundering mortgage companies Freddie Mac and Fannie Mae and, if that doesn't fix the economy, approve offshore drilling.
President Bush stammered frequently...
Filed under: Bush recession,
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foreclosure,
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July 14, 2008 - Now that the government has unveiled plans to bail out mortgage giants Fannie Mae and Freddie Mac, will they do the same for comedy giant Bernie Mac? After he opened for Barack Obama at a $2,300 a plate fundraiser and performed his menstruation and prostitution bits, Bernie Mac could...
Filed under: government bailout Freddie Fannie,
Freddie Mac,
Fannie Mae,
Fannie Mae bailout,
Freddie Mac bailout,
foreclosure,
foreclosure rate,
mortgage crisis,
subprime mortgage crisis,
Freddy Mac,
Fed bailout,
Henry Paulson,
Ben Bernanke,
Federal Reserve,
Business
July 11, 2008 - Perhaps no industry has been hit harder by our country's "mental recession" than the mortgage banks, and two in particular, Fannie Mae and...
Filed under: government bailout freddie fannie,
Freddie Mac,
Fannie Mae,
Fannie Mae bailout,
Freddie Mac bailout,
foreclosure,
foreclosure rate,
mortgage crisis,
subprime mortgage crisis,
Freddy Mac,
Fed bailout,
Henry Paulson,
Ben Bernanke,
Federal Reserve,
Business
March 18, 2008 - Economic meltdown looms, and Federal Reserve Chairman Ben Bernanke is doing what he does best: lowering interest rates. At least, that's what financial experts are saying following the collapse of Bear St...
March 17, 2008 - Encouraging news if you own Bear Stearns stock: It closed at $30 a share today!
Discouraging news if you own Bear Stearns stock: JPMorgan Chase (no relation to Gong Show judge Jaye P. Morgan) will buy the beleaguered firm for two bucks a share...
February 6, 2008 - Odds that...
GOP frontrunner John McCain and his wife Cindy McCain are battling it out in a...
January 31, 2008 - Odds that:
Britney Spears was carted away in an ambulance again because the...