xxxx

Kenneth Lewis, chief exec of Bank of America is claiming that Ben Bernanke, Federal Reserve chairman, and former Treasury dept. chief Henry Paulson pressured BofA not to talk about its plan to buy Merrill Lynch. Under oath, Lewis said that he believed Bernanke and Paulson …

News today from the Bush Administration says that they may pass the auto bailout on Wednesday. Like the proposal from the U.S. House of Representatives, the money will be coming from the banking bailout funds.
Treasury Secretary, Henry Paulson, said that the government would not just …

Well it’s happening…the government is taking over Fannie Mae and Freddie Mac as soon as tomorrow…well this morning. These two mortgage lenders either back or actually hold HALF of the country’s mortgage debt…and they’re obviously in trouble. According to the AP, a government bailout …