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years of robust research... in (nearly) all in the family... 2 hours 43 min ago
kharta buna ….. in warts on each other's arse ..... 7 hours 49 min ago
Chris's article is brilliant. in peace — a danger to war.... 17 hours 45 min ago
Power corrupts in Australia's Senate. in guns 'n' roses... 19 hours 42 min ago
crocodile tears ..... in warts on each other's arse ..... 20 hours 15 min ago
war and complicity... in peace — a danger to war.... 20 hours 15 min ago
conservatives and vulture banks... in and court costs... 1 day 5 hours ago
Probably off subject but very political. in the death stare ..... 1 day 18 hours ago
Freedom; Democracy and other cons. in nap time ..... 1 day 19 hours ago
Perhaps F.F.F. Fielding will solve the impass. in the principle of serving self interest ..... 1 day 19 hours ago
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under the tarp .....
US Treasury Secretary Henry Paulson has clashed with members of Congress over the $700bn US financial bail-out plan.
Mr Paulson told a Congressional committee that injecting cash into banks was the most effective way to stabilise the financial system.
However critics on the committee said that more of the money should be used to help struggling homeowners avoid losing their homes.
Mr Paulson said the bail-out would not be "a panacea" to cure economic woes.
"It will take a while to get lending going and repair our financial system, which is essential to an economic recovery," Mr Paulson said.
Mr Paulson and Federal Reserve chairman Mr Bernanke were giving evidence to the House financial services committee about the Troubled Asset Relief Programme (TARP) scheme.- By Gus Leonisky at 19 Nov 2008 - 7:19pm
- Gus Leonisky's blog
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banker's siphoning off taxpayer's cash...
A mutinous backlash is growing in Britain this weekend against banks' plans to carry on paying staff millions in bonuses as if the credit crunch had never happened. The Independent on Sunday understands that the Government intends to try to head off the rising tide of resentment against bankers by saying that it will be an "active shareholder" in the institutions receiving significant bailout cash, and say no to "excessive payments".
The bankers siphon off massive wealth....