Blog > Archive by tag 'greed'
The federal government does not have a strong reputation of getting things done. When it dives into a big project, a handful of folks get rich and the rest of us suffer. The $700 billion bailout is turning out the same way.
By Andrew Snyder, TodaysFinancialNews.com
Baltimore – (TFN): We all knew it was nothing more than [...]
Tags: assets, bailout, commodity, congress, corporation, corruption, financial news, greed, hedge, hedging, henry paulson, industrial, inefficient, investors, nationalization, Obama, obama administration, paulson, secretary, speculation, speculative, speculator, tarp, treasuries, volatility, washington
“Fears that the two U.S. mortgage giants, Fannie Mae and Freddie Mac, were on the verge of collapse has seen commentators shrieking about the end of capitalism as we know it. And perhaps they weren’t far wrong.” — David Stevenson
by David Stevenson
Baltimore – (TFN): If you had to come up [...]