by Trendy on October 6, 2008
Neel Kashkari has been promoted by Treasury Secretary Hank Paulson from being the Treasury’s assistant secretary for international affairs to the interim head of Paulson’s Office of Financial Stability. In other words Kashkari will the man who will take charge of the $700 Billion approved by Congress for Wall street bailout. Kashkari is one [...]
by Trendy on September 30, 2008
Yesterday, the United States House Of Representatives rejected the Bush administration’s proposed economic bailout package. The Bailout Bill HR 3997 was rejected by the House after falling 13 votes short of the required number of votes for passage of a Bill. The blame game started immediately after with members of both parties blaming the other [...]
by Trendy on September 29, 2008
The ICICI bank is India’s largest private sector bank. The bank has assets worth $100 Billion. A wild rumour that ICICI Bank was going bankrupt due to the subprime mess of the US market started floating around India today. As a result, a large number of ICICI customers rushed to the bank’s ATMs to [...]
by Trendy on September 29, 2008
The DOW tanked more than 600 points after the bailout bill failed to make it through the US House Of Representatives. The bill needed a minimum of 218 votes to make it through the House, but could only gather 205 votes in support. 228 representatives voted against the Bill in its current form.
President Bush [...]
by Trendy on September 15, 2008
Oprah Winfrey today asked America to show support for Senate Bill 1738 on her daily show. The Senate Bill 1738 will come to the senate for voting very soon. The purpose of Senate Bill 1738 is
To establish a Special Counsel for Child Exploitation Prevention and Interdiction within the Office of the Deputy Attorney General, [...]