Recently, Bloomberg reported that the Federal Reserve has pledged more than $7.4 trillion to help work the credit markets loose. They are doing this while the FHA is backing more subprime loans, many of which originating with the same people who brought us to this crisis, are being made—loans that could finally kill the US economy for good.
Tags: small business, bailout, fed, fha, credit, credit crisis, subprime mortgages
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Posted: 11/24/2008 | Comments (0)
It is one thing to destroy your own company, but quite another to destroy your company, cripple your industry and then fly in your company private jet to wheedle taxpayer money out of Congress so you can keep on with your wasteful ways. Pity, but there will likely be a bailout, but the least Congress can do is throw the Sarbanes-Oxley book at them.
Tags: small business, gm, ford, chrysler, automakers, bailout, congress
Posted: 11/19/2008 | Comments (0)
With the Big Three Automakers threatening bankruptcy if they don't get a government bailout, the question is whether it would be better: to let them go under and fall into the hands of a bankruptcy judge or bail them out and let them fall into the hands of Congress?
Tags: small business, gm, ford, chrysler, paulson, bailout, bankruptcy, economy
Posted: 11/13/2008 | Comments (13)
American Express is now a bank. Why? So they can get a piece of the bank bailout money, of course. There can be no other reason and it begs the question: How can I become a bank holding company and get my piece as well?
Tags: small business, american express, bank, bailout
Posted: 11/11/2008 | Comments (3)
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