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Ex-Goldman VP Neel Kashkari Chosen to Oversee Bailout Plan, Finally Gets to "Break the Glass"

Ex-Goldman VP Neel Kashkari Chosen to Oversee Bailout Plan, Finally Gets to "Break the Glass"

Treasury Assistant Neel Kashkari is the chosen one— chosen for the loaded job of overseeing the bailout plan. There’s been quite a bit of finger pointing over the past couple of weeks: at President George W. Bush, at greedy corporations, at slick Wall Streeters, at U.S. Treasury Secretary Henry M. Paulson, at legislators who allowed for deregula...

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The Stock Market Dropped 778 Points, But Don't Let The Bailout Blues Get You Down

The Stock Market Dropped 778 Points, But Don't Let The Bailout Blues Get You Down

I guess that $700 billion band-aid that government was trying to put on the economy just wouldn’t stick. The plan was intended to help the failing economy and restore confidence in the U.S. financial system. If it passed, the bill would give U.S. Secretary of Treasury Henry Paulson an immediate $250 billion to buy out bad loans from financial co...

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Citigroup Buys Wachovia Banking Operations, F.D.I.C. Downplays Economic Drama

Citigroup Buys Wachovia Banking Operations, F.D.I.C. Downplays Economic Drama

Just when you thought the economic situation couldn’t get much more insane, lightning strikes again: Citigroup is buying the banking operations of Wachovia.

 

The F.D.I.C. has been quick to state, “Wachovia did not fail, rather it is to be acquired by Citigroup Inc. on an open-bank basis with assistance from the F.D.I.C,” hoping that this sort o...

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Latest comment by Anonymous: Interview representatives of Wachovia.
Such details of the transaction are unlikely to have waited!
http://tubedirect.net/index.php?q=Wachovia-interview-CNN
all this... Personally, I do not like it

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