10|08|2008
Jay Maharjan
The congress and the Senate passed 840 billion financial bailout. Both Presidential candidates voted for the bill indicating that it was a necessity to keep the economy moving. We are going through a major change globally. Regardless of relatively large sums of bailout packages that the governments around the world are proposing, this is just [...]
Tags: conceptual age, conceptual economics, Conceptual economy, getting ready for changing economy, getting ready for conceptual age
Posted in Financial crisis, financial turmoil | 1 Comment »
09|22|2008
NEW YORK (CNNMoney.com) — And then there were none. Federal regulators converted Wall Street’s remaining stand-alone investment banks – Goldman Sachs and Morgan Stanley – into bank holding companies Sunday night.The move allows Goldman and Morgan to scoop up retail banks and to streamline their borrowing from the Federal Reserve. The shift also is aimed [...]
Tags: Financial crisis
Posted in Financial crisis | No Comments »
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