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U.S. tab for European bailout hits $20 billion—and counting
NRD Editor’s Note: This article appeared in The Washington Examiner on March 16, 2012. By Bill Wilson — Yesterday, the International Monetary Fund (IMF) approved a whopping $36.7 billion bailout of the...
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Some questions for Timothy Geithner on Greece
By Bill Wilson — Today, on March 20, U.S. Treasury Secretary Timothy Geithner will be testifying the House Financial Services committee on the state of the international financial system. This is an...
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Obama to bail out borrowers with TARP funds
By Bill Wilson — This latest White House scheme to bail out borrowers with mortgage principal reductions using taxpayer fundsis nothing more than a cynical election year ploy. This time, the goal is to...
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Obama’s cynical mortgage bailout vote-buying scheme
Photo Credit: White House By Robert Romano — It would not be an election year without the White House offering yet another bailout for distressed borrowers who owe more money on their homes than they...
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Italy and Spain test European bailout plan
By Bill Wilson — In the past month, the European sovereign debt crisis has reared its ugly head again. No, not in Greece, but this time in Italy and Spain. There interest rates on 10-year bonds have...
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$717 billion negative equity mortgage bailout is a fraud
By Bill Wilson — The only thing standing in between the White House and a bailout of 11 million borrowers underwater on their mortgages to the tune of $717 billionis the FHFA’s Edward DeMarco, who has...
View ArticleAfter Five Years Of Economic Turbulence, We Look Back At Five Years Of Poor...
By Frank McCaffrey — The last five years have featured a recession, bailouts, a boom in national debt and a feeling of hopelessness. It’s seemed as if our leaders have only made it worse. Check out...
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Federal Government loses at least $25 billion on auto bailout
I’m surprised it was only this much…: The Treasury Department says in a new report the government expects to lose more than $25 billion on the $85 billion auto bailout. That’s 15 percent higher than...
View ArticleAre we all destined to be Detroit?
By Rick Manning Apparently sloganeering, Joe Biden’s bluster and Super Bowl car ad buys could not pull the Motor City back from the brink. The once proud city of Detroit buried under $18 billion of...
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Obamacare drop outs could mean health insurer taxpayer funded bailouts
By Rick Manning Who would have guessed? Investor’s Business Daily reports that only 70 percent of those who signed up for Obamacare through health insurer Aetna are actually paying premiums and remain...
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