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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (454338)	2/5/2009 12:22:24 PM
From: tejek	Respond to of 1573430

And you dare to criticize Dems??? Republicans: part of the problem, not the solution. Watchdog: Treasury overpaid for bank stocks 8 minutes ago By JIM KUHNHENN Associated Press Writer (AP:WASHINGTON) A government watchdog group says the federal government overpaid for stocks and other assets from financial institutions under its $700 billion rescue program. The chairwoman of the Congressional Oversight Panel for the bailout funds told the Senate Banking committee Thursday that Treasury in 2008 paid $254 billion and received assets worth about $176 billion. The figures were reached by extrapolating the results of a study of 10 government transactions. The Treasury by Jan. 23 had spent about $294 billion on more than 300 companies under the Troubled Asset Relief Program. In one bright spot, the inspector general in charge of reviewing the funds said the federal government has received more than $271 million in dividends from preferred shares obtained through the program. news.ino.com

To: i-node who wrote (454338)	2/5/2009 12:22:44 PM
From: Peter Dierks	Respond to of 1573430

Obama at History's 'Hinge Point' He speaks and the market falls. What's up? JANUARY 22, 2009 Some said after the inauguration that Mr. Obama's speech failed to meet Lincolnesque expectations. This reflects how much of life now is measured as performance art. The Rev. Rick Warren explained the simple truth of why no slam-dunk speech was necessary: "We know today that Dr. King and a great cloud of witnesses are shouting in heaven." Bearing witness was sufficient. The million or more standing cold before the Capitol proved that. Still, the Obama presidency begins in paradox. On a day of immense import, the accession of the first black American to the White House, the stock market fell 332 points, the worst Inauguration Day sell-off in 113 years. It fell again to Pastor Warren to find -- or create -- the right word for the moment, noting the country had arrived at "the hinge point of history." What's a hinge point? ... Message 25387836