G. Scott | November 7, 2008
A letter, dated October 28:
Dear Mr. Blankfein[, Chairman and Chief Executive Officer, Goldman Sachs]:
Earlier this month, the Treasury Department announced plans to invest $125 billion of taxpayer funds in nine major banks, including yours, as an emergency measure to rebuild depleted capital. According to recent public filings, these nine banks have spent or reserved $108 [...]
Category: economy, politics |
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Tags: bailout, economy, politics
G. Scott | September 23, 2008
The German perspective on the bailout:
It’s not a call for assistance; it’s a scream for help. US Treasury Secretary Henry Paulson is asking other countries to help buy up bad US debt. The US government is putting up $700 billion in taxpayer money in the hopes that the measure might restore stability in the financial [...]
Category: economy |
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Tags: bailout, recession