economonkey

Posts Tagged ‘bailout

Gordon Brown’s rescue plan for the banking industry seems to have been used as a blueprint for similar bailouts across Europe and even in the US, and for now it seems like the stock markets are responding positively with record gains on most of the major markets. So everything’s peachy and happy days are here […]

12 Oct, 2008

Is capitalism dead?

Posted by: Lance In: Opinion

It looks like Gordon Brown has convinced the rest of Europe to follow his master plan of bailing out the banks with massive capital injections (i.e. buying shares in the banks with taxpayer money) and measures to improve liquidity (i.e. guaranteeing the banks’ loans to each other with, you guessed it, taxpayer money). Given that […]

So, after the US government slashed interest rates to 2% and gave Wall Street a $500 billion taxpayer bailout, only to see all this achieve precisely jack shit as the American and international stock markets paused for a moment’s reflection before getting on with the business of falling off a cliff, guess what the UK […]

21 Sep, 2008

Paulson now more powerful than the President

Posted by: Alex In: News| Opinion

Henry Paulson is now arguably the most powerful man in the world - or will be if Congress passes his and Federal Reserve Chairman Ben Bernanke’s new bill. If you read through the text of the planned $700bn bailout of the US financial system (which will take all the banks’ bad debts off their hands […]


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Economonkey is a blog about the economy, how it works and how it affects all of us. Our aim is to help everybody understand how the economy is run, so that they are better informed about what's happening to their money.