October 17, 2008

Many US Corporations Not Paying Taxes At All

By: Huffington Post

In a stunning report released by the United States Government Accountability Office in July 2008, Americans learned that many corporations, including those with assets over $250M, reported no tax liabilities. In fact, from...

October 17, 2008

Finding Opportunity in a Bear Market

By: Knowledge@ Wharton

Despite the rash of bad economic news, the recent 11th annual Wharton Investment Management Conference offered its audience some hope for relief, or at least a few possible bargains, in selected industries. And while no one --...

October 17, 2008

How the Credit Crisis Could Forge a New Financial Order

By: Knowledge@Wharton

As officials worldwide scrambled to contain the spreading financial virus, hopes are rising that the latest government plans to purchase equity stakes in banks may finally offer the right medicine. And with the patient showing...

October 15, 2008

Stabilizing the Financial Markets and the Economy - Bernanke Remarks on Stabilization

By: Wall Street Journal

...The problems now evident in the markets and in the economy are large and complex, but, in my judgment, our government now has the tools it needs to confront and solve them. Our strategy will continue to evolve and be refined...

October 15, 2008

What Do You Think? Workout vs. Bailout: Should Government Take Advantage of the Buffett Effect?

By: Working Knowledge – Harvard Business School

Given the unfolding financial crisis, Jim Heskett asks: To what degree should the U.S. government take advantage of free markets to free them up when they become frozen? Can it employ the "Buffett Effect" to do so? Or is the...

October 15, 2008

Sends a Strong Message to Consumers, Businesses, and the Entire Financial System

By: U.S. Comptroller of the Currency John C. Dugan

WASHINGTON —The combination of actions announced today by the U.S. government – a guarantee of bank credit, extension of federal deposit insurance to all bank transaction accounts, and the willingness to invest in the stock of...

October 15, 2008

Tangle Of Lifelines; A Frenzy Of Financial Rescue Plans Has Confused The Market. The Latest Seems More Focused.

By: Los Angeles Times

Washington's financial-rescue-of-the-day frenzy continued this week with Treasury Secretary Henry M. Paulson Jr. announcing that the government would invest at least $250 billion directly in U.S. banks. We don't fault the...

October 15, 2008

Is Banking Rescue Enough?; Infusion Of Cash Will Only Do So Much For Economy

By: The Atlanta Journal-Constitution
MICHAEL E. KANELL; Staff

In tossing a quarter of a trillion dollars to the nation's banks, the government is pumping lubricant into the nation's economic engine.

The move should prevent the motor from freezing up, but it cannot guarantee that the engine...

October 14, 2008

Treasury Update on Implementation of Troubled Asset Relief Program (TARP) before Institute of International

By: U.S.Treasury Department Assistant Secretary for Financial Stability Neel Kashkar

Washington- Good morning and thank you for that kind welcome. I am here today to provide a comprehensive update on the Treasury Department's progress in implementing the Troubled Asset Relief Program (TARP).

October 14, 2008

An Obama "Rescue' Plan That Doesn't

By: Investor's Business Daily

Election '08: On the eve of a final debate, Barack Obama unveiled an emergency "rescue" of the middle class from capitalism. The details show it to be all hype and no help.

Democratic presidential nominee Barack Obama's...