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Articles tagged with: 700 Billion

Politics & Economy »

[9 Oct 2008 | One Comment | 191 views]

Well word is out Treasury secretary Henry Paulson has said the first batch of money to be released from the 700 Billion bail out, will go towards major financial institutions. Although at first glance this may seem like an ideal situation we need to really question the governments involvement in free markets. Facing what seems to be the onslaught of a disastrous recession…

Politics & Economy »

[8 Oct 2008 | No Comment | 127 views]

Despite an effort by six central banks including the Bank of England to cut interest rates by 0.5%, the stock market and global economy still plummit. The interest rate cuts were suppose to be good news for the market and its investors. A snowball effect has taken place. In this case the snowball is called FEAR.

Politics & Economy, Rants & Raves »

[29 Sep 2008 | No Comment | 121 views]

With congress voting NO on the 700 Billion dollar relief hard times are coming. All indicators look to be pointing towards a recession. Many of us who are employed grinding away at a regular 9-5 maybe walking towards a living hell until the economy decides to correct itself. The question we need to ask…

Politics & Economy, Rants & Raves »

[25 Sep 2008 | 2 Comments | 132 views]

George W Bush has asked congress to release 700 Billion dollars to bailout America from her financial crisis. The question is how much of this money will trickle down to keep home owners in their houses and how much is going to get scooped up by the sticky hands of…