Bankruptcy Credit Cards

Posts Tagged ‘recession’

158-Year-Old Investment Bank Goes Belly-Up After Failed Rescue Bid; Bank Of America Takes Over Merrill Lynch

Say hello to a recession very soon!

Duration : 0:2:45

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Technorati Tags: 11, america, American, bank, bankruptcy, bros, brothers, chapter, collapse, Crisis, economy, file, international, Investment, lehman, lynch, Market, merrill, recession, stock, street, wall

The purpose of this video is to discuss the real inside story regarding Citigroup’s potential bankruptcy and why the mortgage crisis, although real, is a ruse distracting the public from the real source of the problem. This is an unregulated shadow banking system dominated by hedge and private equity funds. Step one to turn the economy around should be that President Bush, Federal Reserve Chair Bernakke and SEC Chair Christopher Cox require these funds to register with the SEC and disclose their holdings and related accounting practices. Only then can confidence be restored.

Duration : 0:8:54

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Technorati Tags: 2008, Bail, bill, Citigroup, Crisis, federal, financial, Funds, Hedge, Investment, management, mortgage, out, Parish, Portland, recession, reserve, SEC, subprime

Lenny Dykstra is suffering from a financial fallout, with CNBC’s Jane Wells.

Duration : 0:3:7

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Technorati Tags: bailout, bank, bankruptcy, commodiyies, consumer, dollar, downturn, earnings, economy, firm, gold, housing, interest, jobs, oil, rates, recession, recovery, shares, spendings, stimulus, Stocks, tax, unemployment, yen

George Soros, Chairman, Soros Fund Management LLC; Author, The New Paradigm for Financial Markets: The Credit Crash of 2008 and What It Means Presider: Sebastian Mallaby, Deputy Director of Studies, Director of the Maurice R. Greenberg Center for Geoeconomic Studies, and Paul A. Volcker Senior Fellow for International Economics, Council on Foreign Relations (May 7, 2008 at the Council on Foreign Relations)

Duration : 1:2:51

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Technorati Tags: academic, cfr, credit, economy, finance, lectures, markets, recession, uchannel

REMARKS BY THE PRESIDENT
AT SIGNING OF
THE CREDIT CARD ACCOUNTABILITY, RESPONSIBILITY AND
DISCLOSURE ACT

Rose Garden

3:08 P.M. EDT

THE PRESIDENT: Hello, everybody. Please, have a seat — I’m sorry. It is a great pleasure to have all of you here at the White House on this gorgeous, sunny day. The sun is shining. The birds are singing. Change is in the air. (Laughter.)

This has been a historic week; a week in which we’ve cast aside some old divisions and put in place new reforms that will reduce our dependence on foreign oil, prevent fraud against homeowners, and save taxpayers money by preventing wasteful government contracts; a week that marks significant progress in the difficult work of changing our policies and transforming our politics.

But the real test of change ultimately is whether it makes a difference in the lives of the American people. That’s what matters to me. That’s what matters to my administration. That’s what matters to the extraordinary collection of members of Congress that are standing with me here, but also who are in the audience. And we’re here today because of a bill that will make a big difference: the Credit Card Accountability, Responsibility, and Disclosure Act.

Duration : 0:11:17

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Technorati Tags: banks, card, consumer, credit, creditcard, economy, jobs, obama, profit, recession, spending, unemployment