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In response to questions surrounding why Congressman Tim Mahoney voted in favor of the House bill providing a record bailout to the financial institutions, Mahoney replied: "This really was more about Main Street than it was about Wall Street, and what a lot of people don't realize is the interconnectivity between the two, and that's something that was lost on some of my colleagues." Is that what it is all about? Here I thought it was about Mahoney coming to the rescue of his special interests buddies, Freddie Mac and Fannie Mae, from which he has received thousands and thousands of dollars worth of campaign contributions. I guess he forgot to mention that in all of his quotes and interviews, but I can see what he means about this not having to do with Wall Street. I mean who would want to talk about how they are deep in the pocket of special interest groups? ...more
October 9, 2008
The misery worsened on Wall Street on Tuesday, with stocks piling on losses late in the session and bringing the two-day decline in the Dow Jones industrials to more than 875 points. ...more
October 8, 2008
The misery worsened on Wall Street Tuesday, with stocks piling on losses late in the session and bringing the two-day decline in the Dow Jones industrials to more than 875 points amid escalating worries about credit markets and the financial sector. ...more
October 7, 2008
the largest one-day point drop - before recovering to close with a loss of 370, a 3.6 percent drop. The catalyst for the selling, which also took the Dow below 10,000 for the first time in four years, was investors' growing despair that the spreading credit crisis will take a heavy toll around the world. ...more
October 7, 2008
Wall Street suffered through another extraordinary and traumatic session Monday, with the Dow Jones industrials plunging as much as 800 points - their largest one-day point drop - before recovering to close with a loss of 370. The catalyst for the selling, which also took the Dow below 10,000 for the first time in four years, was investors' growing despair that the spreading credit crisis will take a heavy toll around the world. ...more
October 6, 2008
Welcome to a new day for The Tampa Tribune. What you hold isn't just another newspaper redesign. This is a different newspaper to fit the lives of busy readers like you who are hungry for useful, relevant information. ...more
October 5, 2008
I see that the same people who brought us the war in Iraq now want to sell us "bailout" program for Wall Street. While a bailout may be needed, I wonder how many of your readers would like to get one of those "no collateral, no review, no oversight" loans from the guy (Paulson) who was CEO of Goldman-Sachs. ...more
September 24, 2008
Everyone's feeling queasy these days watching the financial markets plummet due to the sub-prime loan fiasco. Younger folks, however, at least have time on their side. Senior citizens are seeing their life savings tank with little time for a market rebound. It sends a powerful message that whatever a person has saved for retirement might not be enough, unless it's protected from market influences. For most people, that isn't the case. ...more
September 24, 2008
Consider this when deciding on the next president of our country: After seven years of a Republican presidency, our economy is crumbling as is our infrastructure. We have no comprehensive energy policy. Health care is in trouble; education is slipping; oil companies have sucked billions from us in subsidies and at the gas pumps. Corporate boards, CEOs, CFOs and Wall Street investment bankers have robbed us. We have killed thousands and spent billions on an unnecessary war in Iraq. Our national debt is now over $10 trillion and the Republicans think they should stay in the White House. What's wrong with this picture? ...more
September 22, 2008
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