Tag Archive: government

A Move Towards Socialism – Should the Government be Buying Stocks?

Treasury Secretary Henry Paulson at the conclusion of the G7 conference of the major industrialized nations announced that the U. S. Government is going to be buying stocks of financial institutions. Granted, these will be non-voting shares giving the government an equity ownership interest in these financial institutions. Theoretically the government will not have the…

The Bail-Out – Who’s Being Bailed Out & Who’s Bailing Out!?!

So which is it? Last evening, 10/1/08, the US Senate voted to approve a new version of the $700B Bail-Out bill for Wall Street. I’m not impressed. Yes, they would like you to think that this bail-out is for Main Street, but that is just simply not the case. If it were truly for Main…