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« Palin's Troopergate: Yet Another Truth-Stretching Session? | Main | Bailouts and Stimulus Packages: Will Congress Encourage Bad Behavior? »

September 16, 2008



Meanwhile, Rep. Oxley is blaming Bush. From the FT:

"[T]he Ohio Republican who headed the House financial services committee until his retirement after mid-term elections last year, blames the mess on ideologues within the White House as well as Alan Greenspan, former chairman of the Federal Reserve.

The critics have forgotten that the House passed a GSE reform bill in 2005 that could well have prevented the current crisis, says Mr Oxley, now vice-chairman of Nasdaq.

He fumes about the criticism of his House colleagues. “All the handwringing and bedwetting is going on without remembering how the House stepped up on this,” he says. “What did we get from the White House? We got a one-finger salute.”"

Deb Cupples (Buck Naked Politics)

Interesting, Charles. How are you?

rente tarieven hypotheken

Lehman Brothers Declares Bankruptcy means nothing more than expected meltdown in view of present financial crisis.I think Lehman Brothers is no exception, however I still agree upon the quote that "we need to restore confidence in the financial markets and get our economy moving again".


Can Lehman reorganize under Chap. 11? Doesn't this essentially mean a winding down for financial firms due to the limited availability of the Automatic Stay?

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