Posts Tagged ‘bailout’

Letter to CitiGroup CEO: “Can I Borrow Our New Corporate Jet?”

January 27, 2009 - publisher

Dear Mr. Pandit, Citigroup CEO Last year kind of sucked for everyone with the financial industry meltdown, the housing industry slump, the steep nosedive the stock market took, the near bankruptcy of the auto industry, the worst unemployment seen in decades,...

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The Holiday Rally turns into a Post-Holiday Hangover

December 1, 2008 - publisher

Courtesy of OTCPicks.com The stock market today suffered one of its worst days since the financial meltdown began, slicing 680 points off the Dow Jones industrial average as Wall Street snapped out of its daydream of a rally and once again...

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Fed Cuts Rates .5% to 1%, Oil Goes Up, Dollar Goes Down

October 29, 2008 - publisher

Feds Cut Interest Rate Half a Point On Wednesday Oct 29, the Federal Reserve slashed a key interest rate by half a percentage point as it seeks to revive an economy rocked by the worst financial crisis in the better part...

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World Markets Catch U.S. Financial Flu in a Steep Global Market Selloff

October 6, 2008 - publisher

Written by OTCPicks.com Last Friday congress passed the $700B financial bailout bill and sent it to the President who summarily signed it. It seems that global markets did seem to think that the bailout would save us from a nasty global...

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Congress Passes the $700 Billion Rescue Plan! Will it be Enough to Sooth Nervous Investors?

October 3, 2008 - publisher

Written by OTCPicks.com With the economy on the brink and elections looming, Congress approved an unprecedented $700 billion government bailout of the battered financial industry on Friday and sent it to President Bush for his certain signature. The final vote was 263-171...

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Dollar Falling and Oil, Gold and other Commodities Rising – AGAIN!!

September 22, 2008 - publisher

Written by OTCPicks.com Oil prices were up more than $25 a barrel today as investors became unsettled about the government’s $700B bailout plans. This was the biggest one day price surge ever for oil. The Fed is going to have to auction...

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U.S. Financial Markets Against the Ropes and Taking a Beating

September 15, 2008 - publisher

Written by OTCPicks.com Sunday, September 14th is already being called Black Sunday for Wall Street as troubled financial giants Lehman Brothers, Merrill Lynch and AIG were all desperately seeking lifelines for survival as frenzied behind-close-doors meetings happened around the clock. And...

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