Thursday, September 2, 2010
Shut down banks.
WASHINGTON – Federal Reserve Chairman Ben Bernanke told a panel investigating the financial crisis that regulators must be ready to shutter the largest institutions if they threaten to bring down the financial system. "If the crisis has a single lesson, it is that the too-big-to-fail problem must be solved," Bernanke said Thursday while testifying before the Financial Crisis Inquiry Commission. Bernanke also said it was impossible for the Fed to rescue Lehman Brothers from bankruptcy in 2008 because the Wall Street firm lacked sufficient collateral to secure a loan. Lehman's former chief executive told the panel a day earlier that the firm could have been saved, but regulators refused to provide help.Link
Wednesday, September 1, 2010
Tuesday, August 31, 2010
Separation from Nancy Pelosi
Some of the Democratic Party’s most endangered lawmakers are taking steps to distance themselves from Speaker Nancy Pelosi in an attempt to inoculate themselves from charges that they are beholden to the unpopular House leader and supportive of the ambitious national Democratic agenda. Three vulnerable Democrats from conservative-oriented districts are already running TV ads spotlighting their defiance of Pelosi. One freshman incumbent recently joked about the possibility of Pelosi not being able to take up the gavel next year because she might pass away. Another member from a tough district suggested he might run for speaker himself.Link
Monday, August 30, 2010
Seven US soldiers killed.........
Seven US troops were killed in two Taliban-style bomb attacks Monday in southern Afghanistan, the area hardest hit by the insurgency nearing the end of its ninth and most deadly year, NATO told AFP.Link
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