At a time when Speaker of The House, Nancy Pelosi, should have been reaching out to Republicans in the House -- many of whom were already wary of the bailout legislation -- Speaker Pelosi chose to take a few moments to attack Republicans in general and the President in particular. After the rant, most Republicans, and a sizable number of Democrats, voted to kill the … [Read more...] about Ill Advised Words On The Part of Speaker Pelosi
Archives for September 2008
The Dow is down 777+ points ($1.1 trillion in market value) today as I write this as the bailout bill failed the House of Representatives. Of course, I'm in no place to write at the moment, so here are some links:Stocks, Oil Plunge After Congress Rejects Bailout; Bonds Rise (Bloomberg.com) Yes, Virginia, this is a crash (The Big Picture) Bailout Bill Fails in House … [Read more...] about Unlucky 7′s
The U.S. Treasury is considering a new, special dollar to be printed to help finance the housing bail out. Initial prints have been leaked to select media outlets. We were lucky to get our hands on the new design (h/t Graeme): … [Read more...] about New Commemorative Dollar to be printed for bail out funds
A guest post by new Blownmortgage.com contributor, MG Dungan. MG has gone from Wharton to Wall St. to real estate to Blown Mortgage. And we're excited. I hope you are too.After last week, and last weekend in particular, we can?t help but wonder who?s next.Although possibly a ploy to gain passage of the Paulson Bailout Plan, Saturday, September 27, CBS News reported that … [Read more...] about Wachovia – Time to Bail?
Friday Bailout Funny. (h/t Graeme) … [Read more...] about The LOLCats hit the bailout