Government Buying Toxic Assets; Dow Jumps 497 Points; Hope Restored?

Some call it ‘cash for trash’, while Morgan Stanley believes it will do some good for the credit markets. Treasury Secretary Timothy Geithner revealed the Obama administration’s plan to help buy up to $1 trillion in bad bank debt. These toxic assets have been weighing heavily on the financial and banking institutions, limiting their ability to loan money and making credit hard to come by for many families. The plan was met with general approval from Wall Street investors, as the Dow Jones industrial average skyrocketed 497 points, making March 23, 2009 the fifth largest single-day point gain ever.

Bush Endorsement Hurt Roger Wicker

Although endorsed by other less controversial Republicans, the endorsement of Roger Wicker for Mississippi’s Senate seat by President Bush could spell doom for this appointed Senator. Taking office after the retirement of Trent Lott, Wicker is running for reelection. Bush pointed out his respect for his constituency and his colleagues, calling him and advocate for [...]

The History of Political Scandal – Past, Present, and Future

With the onslaught of every new politician into the political arena we see what seems like the same promise over and over, “I’m not like the other guys.” Unfortunately with the passage of time and intensified scrutiny there are few to none that seem to be able to play the game of politics without at [...]

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