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Oops! Such a reaction would be adequate if you locked yourself out of your car. It happens to most of us at one time or another. However, it is woefully inadequate as a response when you blow nearly $800 billion of taxpayers money on a government program that failed completely. Such was the response of VP Joe Biden on Meet The Press yesterday when he said that "everyone guessed wrong" on the economic stimulus package.Oops!And now the DUmmies are upset that Biden said this out in the open where it is sure to hurt their Beloved Barack bigtime as...

The government is set to announce as early as Tuesday morning which of the country's biggest banks will be able to repay billions in federal bailout dollars in a decision that risks creating a two-tier banking system -- winners and losers. Congress approved the $700 billion Troubled Asset Relief Program eight months ago as financial markets teetered on collapse. Almost ever since, banks have been eager to pay back bailout money and cut the federal strings that come with it. Combined, the repayments could exceed $50 billion. Experts say that figure reflects a measure of stability that has returned to...

Congresswoman With Ties to Bank Helped Seek Funds By ERIC LIPTON and JIM RUTENBERG WASHINGTON — Top banking regulators were taken aback late last year when a California congresswoman helped set up a meeting in which the chief executive of a bank with financial ties to her family asked them for up to $50 million in special bailout funds, Treasury officials said. Representative Maxine Waters, Democrat of California, requested the September meeting on behalf of executives at OneUnited, one of the nation’s largest black-owned banks. Ms. Waters’s husband, Sidney Williams, had served on the bank’s board of directors until early...

A listing of numerous tea party videos uploaded to youtube.

A new script is rumored to be making the Hollywood rounds. Here’s the plot: In the midst of a heated presidential campaign, a senior New York Democratic senator pens a letter, which ultimately leads to a run on a bank called IndyMac. Then, mere weeks prior to Election Day, the Treasury secretary warns that a market meltdown is inevitable if his plans to address the crises are not immediately implemented. He also scares the president, Congress and nation half out of their wits with terrifying talk about catastrophic economic consequences that will ensue if a $700 billion bailout bill is...

"...lo­o­k­ at what so­me fello­w blo­g­g­ers hav­e d­u­g­ u­p­ while researc­hin­g­ O­bama’s leg­al c­areer. Lo­o­k­s lik­e a typ­ic­al AC­O­RN­ lawsu­it to­ g­et ban­k­s to­ han­d­ o­u­t bad­ lo­an­s." UPDATED: Obama sued Citibank Under CRA to Force it to Make Bad Loans Do­ yo­u r­e­m­e­m­b­e­r­ ho­w we­ t­o­ld yo­u t­hat­ t­he­ De­m­o­cr­at­s and gr­o­ups asso­ci­at­e­d wi­t­h t­he­m­ le­ane­d o­n b­ank­s and e­ve­n sue­d t­o­ ge­t­ t­he­m­ t­o­ m­ak­e­ b­ad lo­ans unde­r­ t­he­ Co­m­m­uni­t­y R­e­i­nve­st­m­e­nt­ Act­ whi­ch was a fact­o­r­ i­n causi­ng t­he­ e­co­no­m­i­c cr­i­si­s (se­e­ HER­E a­n­d HER­E ) … well lo­o­k­ at what so­me fello­w blo­g­g­ers hav­e d­u­g­ u­p­ while...

Pelosi savaged Pres Bush, blaming "right-wing ideology" as the sole cause of the nation's fiscal turmoil......Pelosi, Barney Frank and Rahm Emanuel immediately blamed the GOP for the bill's defeat..... The fact is, 95 Democrats - 40% of the party's House membership - voted against the bill. Pelosi controls the chamber - and couldn't even deliver her own members. How humiliating is that? Republicans had long-standing philosophical objections to a massive expansion of gov't power over the economy. Pelosi's boneheaded speech didn't help matters. But what of disloyal Democrats? Clearly, they'd bought the demagogic rhetoric that the $700B rescue plan constituted...

I want this to be a solutions oriented thread specifically addressing the questions of: What alternative methods can be utilized to increase liquidity in the banking sector What principles should be employed in executing a bailout. Any other specific actions that should be taken to stabelize the market.

Franklin Raines From Wikipedia, the free encyclopedia Jump to: navigation, search Franklin Delano Raines (born January 14, 1949 in Seattle, Washington) is the former chairman and chief executive officer of Fannie Mae who served as White House budget director under President Bill Clinton. He is currently employed by Barack Obama's Presidential Campaign as an economic adviser. The son of a Seattle janitor [1], Raines graduated from Harvard University, Harvard Law School; and Magdalen College, Oxford University as a Rhodes Scholar. Raines was of age during the Vietnam War, but performed no military service. He served in the Carter Administration as...