Lyndon LaRouche today continued to assail the Bush Administration’s multi-trillion-dollar bailout swindle, charging that the socalled Paulson Plan would hand trillions of dollars in U.S. taxpayers’ money to foreign financial interests, particularly British interests.
The nationalization of Fannie Mae and Freddie Mac shows that the U.S. is “more communist than China right now” but its brand of socialism is meant only for the rich, investor Jim Rogers, CEO of Rogers Holdings, told CNBC Europe.
Lawmakers in the U.S. House of Representatives have voiced concern to Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke about proposed steps to bailout U.S. financial institutions.
U.S. President George Bush has invited both presidential candidates and the Congressional leadership to the White House in hopes of securing a deal to help the nation's ailing financial sector. The president urged public support for the rescue plan in an unusual nationally broadcast speech to the nation late Wednesday.
US Federal Reserve says it will auction up to $180 billion to markets in coordinated action with central banks in Canada, Britian, Japan, Switzerland, European Central Bank.
The US Federal Reserve Board said a bankruptcy involving AIG would cause significant problems in the world's already fragile financial markets.
A few brave patriots in high places are fighting to avoid an invasion of Iran and destruction of the Constitution in the four months left of the reign of President Bush. They do so at great personal risk.
Lehman Brothers has filed for bankruptcy protection to become the third top American investment bank to depart the scene in six months.
Financial lenders are facing a major industry reorganization Monday that promises to change the face of banking in the United States. On Sunday, Merrill Lynch agreed to sell itself to Bank of America for some 50 billion dollars. Experts say the move will make the nation's prime lender even bigger.
Amid a continuing housing crisis in the United States, the Bush administration is taking over two failing mortgage firms in an effort to limit further turmoil in the sector.
Texas Congressman Ron Paul may not be the next US President. But the firey Republican, who failed to win the party's nomination this year, is still hugely popular with grass-roots supporters. He staged a rally in Minneapolis as an alternative to John McCain's Republican Convention in nearby St Paul, stealing much of the limelight from the party's official presidential candidate.
The United States has announced that it will be provide at least $1 billion in economic aid to Georgia, following the devastation wrought last month by its conflict with Russia.
A Pennsylvania attorney has filed suit to block a possible election of Barrack Hussein Obama to the office of president of the United States on the grounds that he is constitutionally ineligible.
Shares on Wall Street turned negative Tuesday afternoon after the Dow Jones industrial average soared more than 200 points in morning trading after a decline in oil prices.
Visiting Vice President Dick Cheney has pledged the United States' "deep and abiding interest" in the security and welfare of Azerbaijan and its neighbors during the first leg of a tour to highlight support for several former Soviet states.