Post Tagged with: "bankruptcy"

April 27, 2010 06:42

SEC IG Probes Timing of Goldman Sachs Suit and Financial Reform Legislation

Less than 30 minutes after the Securities and Exchange Commission announced its lawsuit against Goldman Sachs, the Democratic National Committee sent mass e-mails proclaiming that the action shows the need for passage of financial reform legislation –- currently the top priority for President Obama.

April 27, 2010 06:30

Obama and Dems hiding real cause of financial crisis – Washington

Public hates bailouts and the ‘financial reform’ bill is a blank check for bailouts

April 27, 2010 04:34

Obama and Reid using politics to push bailout bill at expense of taxpayers

Obama and the Dems want to be able to select who gets bailed out and which creditors get the bailout money. Remember how GM and Chrysler creditors got stiffed while unions made out like bandits? This bill will institutionalize that type of corruption.

March 30, 2010 05:21

With health bill, Obama has sown the seeds of a budget crisis

Moody’s emphasizes two warning signs: rising debt and loss of confidence that government will deal with it. Obama fulfills both. The parallels with the recent financial crisis are striking. Bankers and rating agencies engaged in wishful thinking to rationalize self-interest.

February 2, 2010 04:57

Obama Bankrupts US!! Budget Uses Bogus Assumptions to Stay Under $2 Trillion Deficit

“A populist government, similar to those that drove Latin American republics into bankruptcy during t he 1970s is in charge,” Morici said.
“The United States is facing deficits greater than one trillion dollars for the foreseeable future,” requiring increased debts that run the risk of an international run on the dollar and uncontrolled inflation, he warned.