The President's economic advisers believe it is time to hit the reset button on existing bailout programs, and think big. There's no choice given the deepening recession that's driving up jobless rates and home and credit-card defaults. All that in turn is contributing to multibillion-dollar quarterly losses at the likes of Citigroup and Bank of America.
"Bad Bank" Could Cost $2 Trillion
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Whenever I read the word Nationalization I get this sick feeling. I thought I lived in a capitalist society, where anyone can make it. The American Dream. Where athletes may 50 million a year, Actors and movie producers may 50 million a year, Where the CEO's could make billions. But the American Dream is starting to look a little frail. Crooks, liars, and con-men have took this great country an rode it straight into Hell.
The only way that we're going to stop white-collared crime is to treat them just like any other crook, put them in a federal prison and let them ... More »
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