Tue Sep 30, 2008 14:56 GMT |
Despite the hopes and prayers of the US government (to the extent that Big Hank reportedly got down on one knee in front of Speaker of the House Nancy Pelosi), Democrats and Republicans gave the Paulson bailout plan the big thumbs down in Congress yesterday, sending global markets into a tailspin in the process. Risk… [Read more]
Tags: bail out, Banking, paulson, US Congress
Posted in: Equities, Financials, General, Geopolitics, Political Risk, US
Mon Sep 22, 2008 14:14 GMT |
Wow, what a week. Not that markets ended up moving much, mind: as others have noticed, everything in the US closed pretty much where it opened the previous week (see Barry Ritholtz’s post on the subject). But even if those indicators indicate that nothing has changed, it is pretty clear that everything has changed. And… [Read more]
Tags: bailout, bernanke, dollar, Financials, fiscal policy, paulson, stocks, toxic debt, treasury
Posted in: Currencies, Equities, Financials, General, Inflation/Deflation, Political Risk, US