Archive for December 3rd, 2010

A Capital Hill Compromise?


Friday December 3rd, 2010   •   Posted by Emily Skarbek at 5:05am PST   •   0 Comments

The Washington Post reports that the National Commission on Fiscal Responsibility and Reform has come up with a plan to address the nation’s fiscal house of cards. The major points of the plan include: Deficit reductions by nearly $4 trillion over the next decade Large reductions in discretionary spending Tax code reform He hits...
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Federal Reserve Used Trillions of Dollars for Secret Bailout of U.S. and Foreign Firms


Friday December 3rd, 2010   •   Posted by David Theroux at 2:01am PST   •   5 Comments

In shocking new disclosures, the Washington Post has reported in an article, “Fed aid in financial crisis went beyond U.S. banks to industry, foreign firms,” that in 2008 and 2009 the Federal Reserve created trillions of dollars in corporate welfare as secret bailouts “not just to Wall Street but also to motorcycle makers, telecom...
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