Business Ethics 101 for Wall Street
Now that the historic and unprecedented $700 billion rescue bill has been signed into law by President Bush, the government gets the pleasant job of actually bailing out Wall Street (and either Barack Obama or John McCain will get to inherit the mess). The bailout creates a $700 billion federal program to buy bad assets from banks and other financial firms and gives the US Treasury power to buy up toxic mortgage debt which has been choking the financial industry. Americans are waiting with anxiety to see how well this plan is executed, but it will take time to see any results. Transparency and regulation are clearly necessary now on Wall Street due to excessive greed and manipulation, but in the meantime, Wall Street needs a 'Business Ethics 101' course!
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By: StuDio
Quiet concerns are circulating in Washington that the U.S. Secretary of the Treasury Timothy Geithner authorized purchase of assets from several financial institutions at 100% of their market value rather than the anticipated discounted prices. Reports have surfaced that Geithner approved payments to, among others, Wachovia and Goldman ...
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By: BiodunIginla
Sunday, October 4, 2009 by Judith Stein and Biodun Iginla, BBC News. Judith Stein reported from New York City Sun, Oct 4, 12:00 AM
about 1 month ago
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- News Source: The Idaho Statesman | about 1 year agoRecent bond market activity suggests a growing confidence that banks will survive this crisis. Interest rates on interbank loans eased slightly Wednesday, and the yield on safe, short-term U.S...Treasuries shows investors have their risk appetite...
- News Source: Androscoggin News | about 1 year agoEach new day seems to bring a fresh milestone in the markets, and Wednesday was no exception. The Dow Jones industrial average staged its biggest plunge in percentage terms since the crash of 1987. It ended down 733 points to 8,577, as investors...
- News Source: Uinta County News | about 1 year agoTreasury Secretary Henry Paulson and faulted President Bush for panicking consumers and financial markets during the debate over a controversial $850 billion Wall Street bailout package. The Phoenix Republican’s criticism comes as he faces an...
- News Source: Palm Beach Post | about 1 year agoThe country hit fresh economic potholes Wednesday as President Bush sought to reassure anxious Americans that the government's latest rescue plan will eventually bring relief. A day after announcing a $250 billion cash infusion into the nation's...
- News Source: CNSNews.com | about 1 year agoFormer House Majority Leader Dick Armey (R-Texas) said that the Bush administration’s plan to buy $250 billion in stock in U.S. banks should be challenged in federal court as unconstitutional. “I think that it is subject to a serious...
- News Source: The News & Observer | about 1 year agoSen. Elizabeth Dole and her Democratic challenger, Kay Hagan, welcomed President Bush's relief package for banks. Dole, in a prepared statement, said the steps seem to be a way to boost credit without putting taxpayers at much risk. "I applaud the...
- Blog Source: republicofthebees.wordpress.comOr we can demand that the government get a voting, ownership share in return for the capital we have to inject into Wall Street, and thereby get a say in how the bailout money gets spent. I vote for option number two.
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Image Source: www.rightdemocrat.b...... finance the Wall Street ...Image Source: www.rightdemocrat.b...... finance the Wall Street bailout. -
Image Source: home.att.net... of The Great Wall Street ...Image Source: home.att.net... of The Great Wall Street Bailout ... -
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Image Source: whitenoiseinsanity....... Wall Street bailout not ...Image Source: whitenoiseinsanity....... Wall Street bailout not passing? -
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