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Browsing All posts tagged under »Wall Street«

Wall Street On Battle Alert For Class Warfare

January 30, 2009

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Erin Burnett on CNBC: “It is clear that there is a war going on in this country against Wall Street.” Oh my! President Barack Obama announced a Middle-Class Task Force today, to be chaired by Vice President Joe Biden. Obama, who chided Wall Street yesterday for taking $18 billion in bonuses in the middle of […]

Henry Paulson: “Hurry Up! — Oops, Not So Fast!”

November 13, 2008

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You never want to hear a surgeon say, “Oops!” Yesterday, Treasury Secretary Henry Paulson announced that he is isn’t going to use the $700 billion Wall Street bailout to buy mysterious mortgage-backed securities from banks at bargain-basement prices, after all. I guess we’ll have to find a new name for the so-called “Troubled Assets Relief […]

How Maryland Voted on the Wall Street Bailout, Update

October 6, 2008

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Maryland Rep. Elijah Cummings and Rep. Donna Edwards, who had voted against the House version of the Wall Street bailout (or rescue, if you prefer), voted for the revised bailout bill produced by the Senate. I’m thinking Rep. Cummings and Rep. Edwards had it right the first time. But with the whole world apparently succumbing […]

Rep. Donna Edwards Explains Her ‘No’ Vote On The Bailout

October 1, 2008

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Maryland’s newest member of Congress, Rep. Donna Edwards, explained why she voted against the Wall Street bailout bill in an interview on WBAL radio yesterday. Oh, sorry, we’re not supposed to call it a bailout anymore. We’re supposed to call it a rescue. And now it’s not to save Wall Street, it’s to save Main […]

How Maryland’s Representatives Voted On The Bailout

September 30, 2008

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Five of Maryland’s eight representatives in Congress voted for the $700 billion bailout of the U.S. financial system on Monday, and three Maryland representatives voted against. VOTING AGAINST (And representing their people) Rep. Donna Edwards, Democrat, District 4, central Prince Georges County and northeast Montgomery County. Rep. Roscoe Bartlett, Republican, District 6, Western Maryland. Rep. […]

No Bank Left Behind. At What Cost?

September 22, 2008

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OK, I do not doubt that the mighty U.S. government has the ability and resources to bail out the mighty Fannie Mae and Freddie Mac. And OK, the mighty U.S. government will somehow figure out the insurance business of the mighty AIG. But is the mighty U.S. government, as big and powerful as it may […]