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Federal Reserve won’t disclose who got bailout loans

Posted on 12. Dec, 2008 by admin.

We as taxpayers have to foot the bill, but the Federal Reserve says it won’t disclose who received the Bailout Loans!
The Federal Rеsеrvе refused a request by Bloomberg Nеws tо disclose the recipients of morе than $2 trillion of emergency loans frоm U.S. taxpayers аnd the assеts the central bank is acceрting as cоllateral.
Blооmberg filed [...]

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The Bailout Officially Fails

Posted on 12. Dec, 2008 by admin.

Breaking News: The Senate Denied the Auto Bailout Bill
Well the bailout for the big three has officially failed. The Auto Bailout Bill Dies in U.S. Senate.
It died in a vote of 52 to 35 in favor of killing it.
What does this mean for General Motors, Chrysler, and Ford?

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Today the Stock Market Will Crash

Posted on 12. Dec, 2008 by admin.

I was just thinking that, it is very possible for the Stock Market to crash today, upon reacting to the news of the Senate killing the Auto Bailout Deal.

As if the economy wasn’t already doing bad enough. I am from Detroit, so I was looking forward to this bailout to help the area I [...]

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