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Fargo Forum Alternative: Kent Conrad’s questionable ties to Countrywide VIP Program.
Kent Conrad’s Bad Decision
An ongoing federal investigation is raising some concerns over Countrywide mortgage practices. While I am very concerned about Countrywide’s involvement in this potential scandal, I believe Sen. Conrad when he says he wasn’t aware of the special treatment. I think it is very reasonable to assume that he thought he was getting the rate that he deserved....
Fargo Forum Alternative: What ever happened to Keynesian economics
No one can complain of a shortage of information about the Great Financial Meltdown. The biggest growth industry today is words: A whole new vocabulary has spread from board tables to kitchen tables. Superannuated whiz kids planting cabbages to offset their newly straitened means can blame their troubles on collateralized debt obligations, special investment vehicles, credit default swaps. Subprime...
Fargo Forum Alternative: US Goverment Takes Bank Ownership.
Democrats also are lining
up behind House Speaker Nancy Pelosi’s plan to bring lawmakers back to Capitol Hill after the Nov. 4 election to work on a second economic relief plan. The idea is “give the middle-class and the average citizen the same kind of relief that we try to give the financial sector,” said Democratic Rep. Barney Frank of Massachusetts, chairman of the House Financial...
Fargo Forum Alternative: Look out Main street it’s your Turn. Wall Street Falls as The House failed to pass a $700 billion emergency rescue plan
The House failed to pass a $700 billion emergency rescue plan for the financial sector on Monday, causing the Dow Jones industrial average to plummet at one point more than 700 points amid continued uncertainty.
It did not appear that the measure would come up for a second vote on Monday.
The bailout plan would have empowered the Treasury Department to take over bad mortgage debt from banks’...
Fargo Forum Alternative: Republican John McCain ended the suspense and agreed to attend the first of three debates
Republican John McCain ended the suspense…..
and agreed to attend the first of three debates with Democrat Barack Obama on Friday, setting up a showdown that could help decide a tight White House race. John McCain and Barack Obama.
With time running out, McCain backed away from his vow to skip the debate if negotiations were not completed on a $700 billion rescue of the U.S. financial industry....
Alternative to the Fargo Forum: Richard Shelby, Alabama’s senior United States Senator says no Deal on Bailout.
No Deal, GOP Sen. Richard Shelby emerged from a White House meeting on a $700 billion Wall Street bailout to say: “I don’t believe we have an agreement.”
Shelby, the top Republican on the Senate Banking Committee, had earlier told CNBC that he had serious doubts about the proposal.
Shelby’s opposition was the latest twist in a turbulent day in Washington, when several officials...