· September, 2008

Stories Ron Paul from September, 2008

To Bailout or not to Bailout?

It’s been 19 days since the Federal Housing Finance Agency became conservators of GSE’s Fannie Mae and Freddie Mac; Eleven days since Bank of America purchased Merrill Lynch for the “bargain” price of $50 million dollars and holding company Lehman Brothers had to file for bankruptcy; Ten days since the Federal Reserve spent $85 billion to rescue insurance corporation American International Group; Less than 24 hours since the FDIC seized bank Washington Mutual Inc., and sold its assets to JPMorgan Chase for $1.9bn; and nine days since the U.S. administration first proposed a Wall Street bailout of nearly $700bn. Following are some blog reactions from around the world.