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financial crisis

This tag is associated with 5 posts

Does Fannie Mae and Freddie Mac Matter?

By ⋅ October 18, 2008 ⋅ 2 comments

I had quite the discussion with a coworker yesterday morning.  He’s buying the line that Sen. Obama used that deregulation is one of the main causes of the current financial crisis. I believe that while it may be the enabler of the crisis, it did not cause it.  Bad loans caused it, and there were [...]

The Bailout and Duck Tales

By ⋅ October 2, 2008 ⋅ 7 comments

Who would have guessed you could learn so much about inflation from a kid’s cartoon? I used to watch Duck Tales and the whole Disney afternoon back in the 80s and 90s, and though I don’t remember the episode you’ll see after the jump, there’s quite the simple explanation of why just pumping more money [...]

Senate Approves Bail Out

By ⋅ October 2, 2008 ⋅ Post a comment

Last night the Senate approved a bail-out bill as a way to pressure the House Republicans into doing the same. The heart of the bill, and the opposition to it, remained the same. It would enable the government to spend billions of dollars to buy bad mortgage-related securities and other devalued assets held by troubled [...]

If You Still Oppose the Bailout…

By ⋅ October 1, 2008 ⋅ 5 comments

Get on the phone: Blunt said one of the reasons he is more optimistic is that lawmakers are hearing less vocal opposition from their districts. He said that calls and e-mails to congressional offices that were running about 90 percent against the measure earlier now are at about “50-50.” It appears there’s another bill, and [...]

McCain Afraid to Debate?

By ⋅ September 25, 2008 ⋅ 2 comments

Unlikely.  At least, that’s the word from former Pres. Bill Clinton: "We know he didn’t do it because he’s afraid because Sen. McCain wanted more debates," Clinton said, adding that he was "encouraged" by the joint statement from McCain and Sen. Barack Obama. "You can put it off a few days the problem is it’s [...]

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