All Posts Tagged With: "president bush"

Congress Mortgages the Economy’s Future to Save Fannie Mae and Freddie Mac

With President Bush no longer threatening a veto, the subprime mortgage and Fannie Mae (FNM) and Freddie Mac (FRE) “bailout” bill sailed through Congress. In anticipation of its enactment, Congress had the foresight to raise the national debt limit to $10.6 trillion.…

29Jul2008 | Money Morning | 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