At this point governments around the world are grappling with a major financial crisis, no more so than the U.S. Government. At this time, they have presented a Bill before Congress for the transfer of $700 billion taxpayer dollars to purchase the distress assets of several failed financial institutions. This was rejected on Sept. 29 [...]
Filed under: General Observations, Market Trends, Politics & Society | Tagged: Bail Out, Casino Capitalism, Credit Crunch, Global Economic Crisis, Global Financial Crisis, Henry Paulson, Investment Banking, Investment Banking Failure, Moral Hazard, Mortgage Crisis | 1 Comment »
