TITLE

The $700 Billion Bailout Is Cheap

AUTHOR(S)
Poltenson, Norman
PUB. DATE
October 2008
SOURCE
Business Journal (Central New York);10/10/2008, Vol. 22 Issue 41, p28
SOURCE TYPE
Periodical
DOC. TYPE
Editorial
ABSTRACT
The author presents his view on U.S. Treasury Secretary Paulson's $700 billion bailout plan. He asserts that the obvious impact to Paulson's bailout plan is that it will remove the panic that seized the improvement in stock markets and would bring investors into normalcy. However, he points out, that despite the bailout plan, the stock markets continue to shed trillions in value, suggesting that the public has no faith in the bailout solution.
ACCESSION #
34989803

 

Related Articles

  • EU releases €1.5 bln bailout payment to Cyprus.  // Regional Today;9/30/2013, p4 

    The article discusses the 1.5 billion Euro bailout payment released by the financial emergency fund of the European Union to aid Cyprus.

  • Sanaa seeks $2bn bailout from Riyadh. Salisbury, Peter // MEED: Middle East Economic Digest;8/7/2009, Vol. 53 Issue 32, p15 

    The article reports on the two billion dollar bailout secured by Yemen with Saudi Arabia to avert a cash crisis. The money will be compensated to pay fuel and goods import, the wages of its public sector, and payment to tribal leaders. The distribution of the money will be managed through a...

  • Muddle through. Tora, Brian // Money Marketing;10/13/2011, p34 

    The author discusses the unchanged markets for the heavily indebted European countries despite the bailout and financial pumping made by the Eurozone's financial stability facility.

  • Anxieties grow among Republicans. Bolton, Alexander // Hill;9/18/2008, Vol. 15 Issue 107, p1 

    The article reports that Republican lawmakers and conservative leaders are angry about the $85 billion bailout of the American International Group (AIG) which was announced less than a month after they pledge to control federal spending.

  • CEOs cautious of overreaction to recent crisis on Wall Street. Young, Jeffrey // Hill;9/18/2008, Vol. 15 Issue 107, p16 

    The article reports that chief executives of four of America's largest corporations cautiously endorsed the federal government's bailing out major companies while expressing concern that U.S. Congress and the next administration might go too far.

  • Market Shows Little Reaction to House Vote. Scarchilli, Michael // Bond Buyer;10/6/2008, Vol. 366 Issue 32976, p2 

    The article reports on the passing of financial rescue package bill by the U.S. House representatives after the Senate approved the modified package. It states that municipal market did not show an immediate reaction to the plan's approval. According to the Municipal Securities Rulemaking Board,...

  • Richmond Times-Dispatch.  // Hill;6/16/2009, Vol. 16 Issue 70, p30 

    The author reflects on the possible move of the U.S. government in abandoning plans to institute bailout at companies receiving federal bailout money.

  • SAGEBRUSH BAILOUT. Greenblatt, Alan // Governing;Dec2008, Vol. 22 Issue 3, p11 

    The article discusses the positive effect of the Wall Street bailout to countries in rural West. It mentions that the bailout funded two programs called Payment in Lieu of Taxes and Secure Rural Schools and Community Self-Determination through 2012. In addition, some countries such as New Mexico...

  • Picking up the pieces. Soraghan, Mike; Allen, Jared // Hill;10/1/2008, Vol. 15 Issue 114, p1 

    The article focuses on the announcement made by the U.S. Senate leaders to take up a version of the bailout bill in the U.S.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics