Ace CEO Says Insurers Wrong to Seek Taypayer Funds
National News October 30, 2008
Evan Greenberg, Ace Limited's CEO, chided insurers asking to take part in a plan that could see government take stakes in ailing financial institutions, saying the motivation is not real need but ...
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Subject: Federal Reserve and Paulson
Posted On: October 30, 2008, 12:29 pm CDT
Posted By: Baxtor
Comment:
The Federal Reserve single handely brought this country to it's knees with overly low interest rates for a long time. It opened up deception by banks and mortgage companies to continue bad loans just to get their piece of the pie. Interest rates should never be that low by the Federal Reserve for that long of a period. Now Paulson is going to single handely cripple our government. Can't Washington see the corruption and control that is going through the EGOs of the whole Federal Reserve. They're not God, but they're having fun playing the part. Everyone will forget about Paulson when we are paying 50% taxes to bail out our own government. He'll just say that his bailout helped limit the effect of our declining economy and everyone will bow down to him and say, "Yes you are correct." Well, except the few on here that know that no amount of money can change corruption, only failure and jail time can.
Subject: Federal Reserve and Paulson