Home

economics

White House unveils financial system overhaul

IceCreamYou's picture
Submitted by IceCreamYou on Thu, 03/26/2009 - 3:49pm
Posted in

<a href="http://news.yahoo.com/s/ap/20090326/ap_on_bi_ge/financial_regulation">Yahoo!</a> wrote:
The Obama administration on Thursday unveiled a sweeping overhaul of the financial system designed to impose greater regulation on major players like hedge funds...

The plan also includes a measure that Geithner and Fed Chairman Ben Bernanke discussed before the committee on Tuesday to give the administration expanded powers to take over major nonbank financial institutions, such as insurance companies and hedge funds that were teetering on the brink of collapse.

This Week's Economic News

IceCreamYou's picture
Submitted by IceCreamYou on Fri, 12/19/2008 - 12:35pm
Posted in

News on the economy has been both good and bad this week--but mostly good as we find out about plans to move the economy forward.  From the incoming Obama administration to Congress to the Fed and even to Bush, everyone is working to keep us all afloat.  The verdict: life may look tough for some right now, but it's promising to improve.  Read on to learn this week's developments.

Economic Solutions

IceCreamYou's picture
Submitted by IceCreamYou on Sun, 12/07/2008 - 9:22pm
Posted in

Every day now, we hear the pundits say they have no idea what to do.  Reporters repeat that everyone knows something needs to be done, but no one knows what.

Well, IceCreamYou knows what.

Obama on the Economy

IceCreamYou's picture
Submitted by IceCreamYou on Sun, 12/07/2008 - 1:04pm
Posted in

Today, President-elect Obama promised a new approach to finance--namely, increased regulation.  He said this is "at the center" of his policy, which is encouraging since decreased regulation is largely seen as the major reason for the current crisis.  But he also noted that the economy has "a big problem, and things are going to get worse before it gets better."  He also criticized the current state of Washington's politicians and briefly discussed the necessity of restructuring the auto industry.

The real problem with the economy, and how to fix it

IceCreamYou's picture
Submitted by IceCreamYou on Sat, 12/06/2008 - 9:22pm
Posted in

Every day now, we hear the pundits talk about how they have no idea what to do.  They say the economy is bad, and getting worse every day.  There's a credit crisis, wall street's value is a little more than half what it was five months ago, homes are foreclosing, jobs are being lost, giant companies are going out of business.  As reporters repeat over and over again, everyone knows something needs to be done, but no one knows what.

Well, I know what.

Syndicate content