Pay off the plastic
Americans are cutting back on their use of credit cards by a record amount according to the Federal Reserve -- and, maybe for good reason. There are some big changes that are happening to that plastic in your wallet.
The AIG bailout factor is quite the same as the government cannot let a company like that of the AIG to get busted.
Banking institutions which have been household names for years have suddenly put whole of America as well as the whole world in a state of shock.
Bank of America gets big government bailout
Reuters - Bank of America Corp was rescued by the U.S. government on Friday through a $20 billion bailout and a guarantee for almost $100 billion of potential losses on toxic assets to cushion the blow from a deteriorating balance sheet at Merrill Lync...
The Bottom-Up Bailout Solution
We all know that the bailout plan failed because the public is pissed off and would rather take a short-term financial beating themselves than reward the power elite who have been fleecing us for decades. The public is sick to death of trickle-down economics, and the outcry was just too loud for representatives to ignore. So congress needs to come up with a way of getting cash back into the credit market in a way that is fast and fair to the public. Here it is...
The Republican Frankenstein's Monster
Iâ€™m fascinated by the dramatic disintegration of the Republican party over the credit bailout. It was just a few short years ago that they dominated the wimpy Democrats with ease, and now they are brand equity is falling faster than, well, the stock market. How did this all go so wrong for them? Hereâ€™s how I see it...