This is the second part in a three-part series on a new economic stimulus package. For the first part, see “Can Green Industry Save the Economy?”
The nation’s infrastructure is crumbling; its economy is sputtering, and deficits, for the moment, appear no barrier to government spending.
That trifecta, in More…
With the mortgage crisis dragging on and no quick fix in sight, lots of new ideas to help people stay in their homes are floating around. Maybe one upside to the lack of action on stopping foreclosures is an opening for some innovation — for ways to break through the More…
Once again, the Federal Deposit Insurance Corp. shut down a bank late Friday afternoon, meaning that news was mostly missed until today. It’s Alpharatta, Ga.-based Alpha Bank and Trust, a small community banking outfit, Housing Wire reports. It’s the 16th bank failure so far this year.
The reality that More…
The $700-billion financial-reconstruction package passed by Congress and signed into law last week is a key element in the stabilization of the U.S. financial crisis. But it has become a tremendous political problem. As have similar programs proposed in Ireland and Germany to deal with the increasingly dire state of More…
So President Bush took on the enormous task of explaining the financial crisis to Americans in simple, clear terms last night – and singled out Fannie Mae and Freddie Mac for blame. Bush said they “fueled the market for questionable investments.”
The two agencies obviously have their problems, or More…
As Ari Melber and Matt DeLong have reported on our site, both presidential candidates are keeping up their war of words over Wall Street’s financial crisis and the state of the nation’s economy. You might think that things have changed a lot since last week, when I More…
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