Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke defended their management of the $700 billion bailout, just one week after the administration abandoned the original strategy behind the rescue. (Nov. 18)
Paulson & Bernanke are nothing more than the Cheney & Rumsfeld of economics. The bailout is nothing but a panic scam & is the economic version of WMDs. Instead of an imminent attack from Saddam, it's an imminent economic depression. It's absolute bullshit to think that Fanny Mae & Freddie Mac can account for $700 billion of bad housing debt. As for the Big 3 automakers, they are the slaves of big oil & will never change. If they need a bailout, let them get it from their masters
General Motors plans to invest $1 billion in Brazil to avoid the kind of problems the U.S. automaker is facing in its home market, said the beleaguered car maker.
According to the president of GM Brazil-Mercosur, Jaime Ardila, the funding will come from the package of financial aid that the manufacturer will receive from the U.S. government and will be used to "complete the renovation of the line of products up to 2012."
Fuck the FED your plan did'nt do shit
HuntAnimals 2 years ago
the ap is owned by reuters which is owned by the rothschilds who own the central banks. puke.
bob733333 3 years ago
giving $700B as if it was just Seven HUNDRED dollars..
do these guys really know what they're doing ?
emforty2 3 years ago
Paulson & Bernanke are nothing more than the Cheney & Rumsfeld of economics. The bailout is nothing but a panic scam & is the economic version of WMDs. Instead of an imminent attack from Saddam, it's an imminent economic depression. It's absolute bullshit to think that Fanny Mae & Freddie Mac can account for $700 billion of bad housing debt. As for the Big 3 automakers, they are the slaves of big oil & will never change. If they need a bailout, let them get it from their masters
bondurango 3 years ago
This is kinda like a new 9/11.
Except we are all being hit.
If the top 52 bankers faces were put a deck of cards, who would be the 4 "aces" ?
reginaron 3 years ago
Gm is going to get rid of the same 10,000 people it said it would ,even after receiving
bailout money.
5 trillion has been spent of bailouts
dave777blaster 3 years ago
General Motors plans to invest $1 billion in Brazil to avoid the kind of problems the U.S. automaker is facing in its home market, said the beleaguered car maker.
According to the president of GM Brazil-Mercosur, Jaime Ardila, the funding will come from the package of financial aid that the manufacturer will receive from the U.S. government and will be used to "complete the renovation of the line of products up to 2012."
dave777blaster 3 years ago
Paulson needs to be hung
rumpelstillskin66 3 years ago 2
how well does a bandaid stop niagra falls?
dellsprospects22 3 years ago 2
Paulson is full of shit. How much will he pocket from the 700 bln dollars??
spoony54 3 years ago 2