All Posts Tagged With: "congress"

Bear bet that netted £141m throws fresh suspicion on collapse

It seems that Wall St. are trying to blame the straw for breaking the camel’s back. As The Independent report today:

Suspicion over the collapse of Bear Stearns is centring on a massive options trade, less than two weeks before the…

13Aug2008 | The Gold Blog | 0 comments | Continued

With Fannie/Freddie Bailout Plan, Treasury Secretary Paulson is Armed and Dangerous

With the nation’s financial infrastructure crumbling before our very eyes, the country’s top two economic policymakers made their way to Congress last week for an extraordinary episode of political theater.

Fannie Mae (FNM) and Freddie Mac (FRE), the quasi-government entities that form the…

25Jul2008 | Money Morning | 0 comments | Continued

A New Wave of Congressionally Mandated Energy Profits Is Just Around the Corner

Congress is talking about going after oil speculators in an effort to lower prices by limiting the amount of money flowing into oil contracts.

We realize that they’re upset, but they’re going about this the wrong way. What’s more, they’re demonstrating a…

24Jun2008 | Money Morning | 0 comments | Continued

A NATIONAL POLITICAL BROWNOUT, PART I

Although I don’t always agree with the views of columnist Thomas Friedman, I couldn’t agree more with his criticism of US energy policies. In a recent article entitled “The energy to be serious”, he takes Hillary Clinton and John McCain to task…

12Jun2008 | Daily Reckoning | 0 comments | Continued

To the Members of Congress: The Only Three Moves That Will Stop the Oil Price Advance

An Open Letter to Congress:

First there was the trillion-dollar pork fest for energy.

Then there was the decision to go with corn-based ethanol.

Now, Congress has voted to stop adding oil to the national Strategic Petroleum Reserve (which was created in the…

22May2008 | Money Morning | 0 comments | Continued