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McCain's confusing bank-deposit talk
The Swampby Frank James Among the comments Sen. John McCain has been making in response to the Wall Street carnage has been a curious line that leaves the impression that Americans with plain-vanilla bank deposits are at risk. On CBS's "Early......Tags: NBC (tv network), Political Candidates, Elections, Matt Lauer, Television Industry
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Paterson: Statement on economic crisis
Spin CycleGov. Paterson issues a sobering assessment of the day's financial turmoil: ???Clearly, however, we are entering uncharted waters. Of the five largest, independent investment banks, only two are left standing today: Goldman Sachs and Morgan Stanley. Bear...Tags: Investments, Investment Service, Morgan Stanley Dean Witter & Company, Bank of America Corp., Business Enterprises
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Gov. Paterson: All politics is local
Spin CycleAll politics is local -- and Paterson remembers the lesson today. In a smart move, as Congress and the WH hash out an unprecedented $1 trillion federally backed facility to take over bad mortgages from banks, Paterson writes Treasury's Paulson......Tags: Investments, Federal Reserve, Investment Service, Bank of New York Company, Business Enterprises
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Wall St. bailout causes lobbying frenzy
The Swampby Frank James The $700 billion Wall St. bailout proposal is still only in the discussion stage and already it's probably making money for some people, the financial-industry lobbyists who bill by the hour. Lobbyists, both the ones who charge......Tags: Politics, Financial and Business Services, Laws, Bankruptcy, Government
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Obama, McCain: Cautious in econ-crisis
The Swampby Mark Silva Count both Barack Obama and John McCain, the candidates for president, as avowedly cautious in the face of the $700 billion bailout that the Bush administration proposes for banks and other financial institutions holding bad mortgage debts.....Tags: Corporate Officers, Private Health Care, Religion and Belief, Michael Bloomberg, Employees
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Storm clouds brewing for bailout plan?
The Swampby James Oliphant It's still too early to tell, but is bipartisan support for the Paulson Plan eroding? Tuesday's Senate Banking Committee hearing kicked off with strong words from the ranking Republican on the panel, Sen. Richard Shelby of Alabama.......Tags: Investments, Christopher Cox, Federal Reserve, Investment Service, Jim Bunning
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'Nigerian letter' demands $800 billion
The SwampAll over New York, investment bankers are preparing to open tins of cat food for supper tonight and what does some jokester do but make light of their plight. Some people have no shame. URGEN MESSAGE FROM NIGERIA, ER, AMERICA...Tags: New York
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Bailout: Global warming on Wall Street
The Swampby William Neikirk The $700 billion bank bailout reminds me of global warming. Certainly the consequences of each are dire. But you wouldn't know the real impact if you took pre-emptive action that proved to be successful. If you cure......Tags: Federal Reserve, Laws, Franklin Delano Roosevelt, Jim Bunning, Environmental Issues
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WaMu thunderclap in economic storm
The Swampby Frank James It wasn't a surprise that Washington Mutual, better known as WaMu, failed. For months It's been the thrift institution equivalent of a dead-man walking, finally being put to death by a run by its depositors, making it......Tags: Interior Policy, White House, Corporate Officers, Independence Community Bank Corporation, Housing and Urban Planning
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Obama, McCain: increase deposit cap
The Swampby John McCormick, updated With savers increasingly worried about their money, Sen. Barack Obama and Sen. John McCain called today for an increase in federal deposit insurance from its current cap of $100,000 to $250,000. In a statement, the Democratic......Tags: Barack Obama, Political Candidates, Elections, Government, George W. Bush
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Bailout a 'disgrace,' Congress 'pathetic'
The Swampby Frank James Nouriel Roubini, one of the economists who presciently warned that the financial markets and economy were headed for a day-of-reckoning, can't say enough about how bad he believes the Treasury's bailout is. In a blog posting, this......Tags: Economy, Business and Finance, Henry Paulson, State Budgets, Politics, Public Finance
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Wall Street v Main Street: Winner please
The Swampby William Neikirk What a story! Embattled Main Street rises up to smite Wall Street. The hordes celebrate. The financiers fret. The little folks have flexed their muscles. Too bad that isn't the real story. The real story could well......Tags: Federal Reserve, Securities, Government, Financial Markets, George W. Bush
Sep 16, 2008
|Blog| Chicago Tribune
Sep 15, 2008
|Blog| Newsday
Sep 19, 2008
|Blog| Newsday
Sep 23, 2008
|Blog| Chicago Tribune
Sep 22, 2008
|Blog| Chicago Tribune
Sep 23, 2008
|Blog| Chicago Tribune
Sep 25, 2008
|Blog| Chicago Tribune
Sep 26, 2008
|Blog| Chicago Tribune
Sep 26, 2008
|Blog| Chicago Tribune
Sep 30, 2008
|Blog| Chicago Tribune
Sep 29, 2008
|Blog| Chicago Tribune
Sep 30, 2008
|Blog| Chicago Tribune
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