TITLE

Slow the Bailout Mo

AUTHOR(S)
J. M. C.
PUB. DATE
October 2008
SOURCE
Progressive Populist;Oct2008, Vol. 14 Issue 18, p2
SOURCE TYPE
Periodical
DOC. TYPE
Editorial
ABSTRACT
The author reflects on the U.S. government bailout of mortgage companies Fannie Mae and Freddie Mac and the deregulation of financial systems in Clinton administration. He notes the opposition of the banking and securities industry in the plan of Democratic Congressional leaders to give the government equity for buying bad assets. The author suggests that taxpayers will be minimally affected in the bailout by following Bernie Sanders' proposal of five-year of %10 surtax on individual income.
ACCESSION #
35783206

 

Related Articles

  • The Bailout of Fannie Mae and Freddie Mac. Moseley, Fred // Dollars & Sense;Sep/Oct2008, Issue 278, p10 

    The article presents information on the announcement by U.S. Treasury Secretary Henry Paulson that the U.S. government was taking over Fannie Mae and Freddie Mac. A brief history of these two giant home mortgage companies is provided. Due to changes in its regulation by the government, both...

  • Sharing Blame for Freddie, Fannie. Royce, Ed // Orange County Business Journal;10/13/2008, Vol. 31 Issue 41, p91 

    The author reflects on the plan of Treasury Department to address the current market turmoil through a $700 billion bailout program in Orange County, California. He stated that the Treasury Department's buy out of Fannie Mae and Freddie Mac noted the official failure of the private-public...

  • Liquidity Crisis Hits Wall Street Hard. Wenli Tan // Morningstar FundInvestor;Oct2008, Vol. 17 Issue 2, p12 

    The article reports on the impact of the liquidity crisis in September 2008 on the securities industry in the U.S. It is stated that he government has seized control of troubled mortgage giants Fannie Mae and Freddie Mac on Sept. 7, which was then thought to be the largest federal bailout ever....

  • America's double standards.  // Asia Weekly;9/22/2008, Vol. 2 Issue 37, p23 

    The author reflects on the issue concerning the bailouts of mortgage companies Fannie Mae and Freddie Mac by the U.S. government. The author argues that government should prevent from intervening to the operations carried out by free business enterprises in times of the financial crisis. The...

  • Cleaning Up After the Conservatives. Cullen, Jim // Progressive Populist;Oct2008, Vol. 14 Issue 18, p1 

    The article focuses on the Republicans' reaction to the U.S. government bailout of Wall Street to cater the global financial meltdown. It notes the nationalization of Fannie Mae and Freddie Mac by Treasury Secreatary Henry Paulson, the bankruptcy of Lehman Brothers, and Federal Reserves' bridge...

  • Massive bailout could be turning point for crunch. Jones, Lee // Money Marketing;9/11/2008, p5 

    The article reports on the implications of the bailout of Freddie Mac and Fannie Mae by the U.S. government for the credit crunch worldwide in 2008. Many believe that the decision to rescue the mortgage companies in a bailout which is the biggest in history is the first step in ending the credit...

  • Rescue example.  // Money Marketing;9/11/2008, p41 

    The author reflects on the conservatorship of Fannie Mae and Freddie Mac in the U.S. He asserts that this bailout effort of the U.S. government which is 25 times bigger than that for Northern Rock PLC in Great Britain, shows how deep this crisis of capitalism is. He notes that this bailout issue...

  • Fannie/Freddie Bailout May Reach $1 Trillion.  // New American (08856540);7/5/2010, Vol. 26 Issue 14, p8 

    The article reports that bailouts from other government-related entities, such as Ginnie Mae, to support Fannie Mae and Freddie Mac home loans continuously increase and may reach one trillion dollars.

  • More government won't stop the crisis on Wall Street. Keating, Raymond // Long Island Business News (7/1993 to 5/2009);9/26/2008, Vol. 55 Issue 47, p16A 

    The article focuses on the issues concerning the Wall Street crisis in the U.S. It discusses the bailout of Bear Stearns, the takeover of the public-private Fannie Mae and Freddie Mac as well as the ownership of the Federal Reserve of insurance giant American International Group Inc. (AIG) by...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics