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Bailout, taxpayers, Wall St: Who pays?
The Swampby Mark Silva While congressional leaders race toward a hard-fought agreement over a $700-billion bailout for the nation's financial markets, resistant House Republicans say they are in no rush to lay the burden "on the backs of American taxpayers.''...Tags: Stock Broking, Eric Cantor, Upper House, Kentucky, Parliament
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Obama: Financial stability fee (Updated)
Spin CycleObama, speaking in Reno, adds another idea to the rescue plan: a fee on Wall Street to eventually make the taxpayers whole. It's been kicking around, supported by some Dems, but not part of the plan voted down yesterday: "If......Tags: Colleges and Universities, United States, Health, Lobbying, Economy, Business and Finance
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Bush: Crisis 'worsens' without action
The Swampby Mark Silva President Bush, insisting that Congress act on a stalled financial market rescue, said today that the nation's economy is "in an urgent situation, and the consequences will grow worse each day if we do not act... "If......Tags: Stock Broking, Financial Markets, National Government, Heads of State, George W. Bush
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Market Shocker: CNBC Blows Out Schedule
The TV ZoneGuess what? That episode of "Big Idea with Donny Deutsch" that you just couldn't wait to see tonight? Wait...it's been postponed along with whole rest of the primetime sched on CNBC, which will now go wall-to-wall on the market......Tags: Stock Activities
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Senate reviving bailout: Adding sugar
The Swampby Mark Silva The Senate will attempt to revive the president's $700 billion financial market bailout today, adding some sweeteners to try to make it more palatable to the House, which rejected it y 228-205 on Monday. It's said the......Tags: Upper House, Stock Activities, Economy, Business and Finance, Marketing, Clubs and Associations
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$3 Gas Could Return This Fall
KickingTiresWhile the stock market plummets and job losses are at record highs, a lot of people may have missed the drastic drop in gas prices. The national average price of gas today is $3.50, according to AAA. That???s down from......Tags: Automotive Equipment, Stock Broking, Job Layoffs, Services and Shopping, Hurricane Ike (2008)
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Bush: Rose Garden economy 'assurance'
The Swampby Mark Silva Call it a Rose Garden strategy. A number of times now, during the financial meltdown underway, President Bush has stepped out of the Oval Office to deliver urgent messages for action by Congress and reassurances that the......Tags: Federal Reserve, Stock Activities, National Government, New York, Business
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Financial, economic gloom grows
The Swampby Frank James The pressure is only increasing on federal policymakers grappling with the financial and economic slide. The Dow Jones Industrial Average closed below 9,000, 680 points down this afternoon, signaling that the financial panic continues. Part...Tags: Economy, Economic Indicator, Stock Activities, General Motors Corp., John McCain
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Bush: 'Anxiety feeds anxiety'
The Swampby Mark Silva President Bush, addressing the nation at a "deeply unsettling period for the American people,'' vowed today that the government will solve the underlying problems of the financial meltdown that was dragging the Dow Jones Industrial Average...Tags: Banking, Federal Reserve, $700 Billion Bank Bailout (2008), Stock Activities, National Government
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Thursday's Ten: Is the Dow ready to settle down?
Spin CycleAs the Dow registered another ho-hum 200-point loss yesterday, Hank Paulson pleaded for patience. Europe was up, Asia was mixed overnight. Here's an effort to explain why the Wall Street rescue package doesn't seem to have rescued anyone's 401-K......Tags: Washington Post Co., Stock Activities, National Government, Bill Ayers, Government
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Paulson blew it: French finance minister
The Swampby Frank James Sacrebleu. Looks like when the G-7 finance ministers meet in the Washington Friday, there could be some awkward moments between Treasury Secretary Henry Paulson Jr. and French counterpart, Christine Lagarde. She thinks has botched things...Tags: Ben Bernanke, Federal Reserve, Freddie Mac, Financial Markets, Fannie Mae
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Barack Obama Industrial Average: Rising
The Swampby Mark Silva The stock market is up, in terms relative to its most recent terrifying trench, and so is President Barack Obama's approval rating, which also bottomed out a while back. The president would like people to think he......Tags: Stock Broking, Stock Activities, National Government, Heads of State, White House
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Oct 10, 2008
|Blog| Chicago Tribune
Oct 10, 2008
|Blog| Chicago Tribune
Oct 10, 2008
|Blog| Chicago Tribune
Oct 9, 2008
|Blog| Newsday
Oct 9, 2008
|Blog| Chicago Tribune
Mar 23, 2009
|Blog| Chicago Tribune
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