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Posts Tagged ‘TARP’

TARP – my way. Reinstate Glass-Steagall.

The Gramm-Leach-Bliley [GLB] act repealed Glass-Steagall [G-S] - which was the law of the land here in the USA from 1933 to 1999. G-S created the FDIC, and prohibited large private banks - whose primary business is the investment business - from receiving deposits from the public. My Rx for America involves a dose of ...

The resurrection of the big three automakers [is it for real ?].

The US’s car companies – GM, Ford and Chrysler have been in trouble before. Notably Chrysler – back in the early 1980′s when they got a whopping $1.5 Billion dollar loan [Chrysler got the loan approved in 1979, and financed in early 1980] – and appointed Lee Iacocca as the Chairman/spokesman. Chrysler paid off the ...