"A bailout at this stage would be the worst possible outcome for American taxpayers and mortgage holders, who have been paying a risk premium to these foreign investors. It would change the rules of the game retroactively and would directly subsidize the risks taken by sophisticated foreign investors.""A bailout of GSE bondholders would be perhaps the greatest taxpayer rip-off in A... read full post picked by siennablue 1 year ago

Just in case you were not pissed off at them before. I KNEW this would happen when this stupid bill was passed in the first place.

Yes, as through this world I've wandered
I've seen lots of funny men;
Some will rob you with a six-gun,
And some with a fountain pen. picked by Moe 11 months ago

Will they never learn? Will we? Following an additional 37.8 billion in bailout money, we learn that AIG spent $86,000 for a hunting trip to England picked by tigertony 1 year ago

In the latest run-up in prices, Wall Street speculators - some of them recipients of billions of dollars in taxpayers' bailout money - may be to blame.Big Wall Street banks such as Goldman Sachs Group Inc., Morgan Stanley, and others are able to sidestep the regulations that limit investments in commodities such as oil, and they are investing on behalf of pension funds, endowments, hedge funds, a... read full post picked by TraumaMamma 6 months ago

A 16-year-old boy has admitted to the murders of 12 people in southern Brazil, according to a police investigator who described a chillingly calm confession. picked by DemureArt 2 years ago

Brazil has begun building over 7 miles of 3 meter high concrete walls around the hillside slums in the south of Rio de Janeiro. The official statements propose the reason is to protect the surrounding rainforest from further encroachment. Critics protest it is a discriminatory division meant to entrap and separate the poor from the rich. video picked by equinox 8 months ago

Using both reforestation and reductions in deforestation, Brazil aims to cut their net deforestation to 0 by the year 2015.

Update/related to this. picked by Marli 12 months ago

Larry Flynt and "Girls Gone Wild" king Joe Francis head to Washington to seek a bailout for the struggling Porn Industry. "With all this economic misery and people losing all that money, sex is the farthest thing from their mind." picked by mattgup 11 months ago

Brazil has registered 28 lightning-related deaths so far in 2008. This is an increase of 64% from last year. picked by punthe 2 years ago

Where is this college? Saudi Arabia? Alabama? Amish Country? No, Brazil. Brazil, a country famous for his scantly clad citizens seems to be more prudish when it comes to universities. Sadly, they didn't suspend the students who heckled the young lady, although the school reversed its suspension. picked by bernardblack 3 weeks ago

A fossil of a new marine crocodile species found in Brazil shows the reptiles survived the extinction of dinosaurs 65 million years ago. picked by AutumnLotus 2 years ago

This was passed last Wednesday with very little fanfare.

I don't know how I missed this .. you take a little break, and wham ... all hell breaks loose.Oh well, what's another 6 or 7 hundred billion. picked by siennablue 1 year ago

Brazil has agreed emergency measures to stem deforestation as government figures revealed a sharp increase in the rate of clearances in the Amazon.

It's about time picked by keroberos32 2 years ago

An ancient fossil crocodile coated in armadillo-like body armor was unveiled yesterday at an environmental museum in Brazil.

Dubbed Armadillosuchus arrudai, the newly described species of crocodile roamed the arid interior of Brazil about 90 million years ago, during the late Cretaceous period, scientists said. picked by AutumnLotus 5 months ago

Brazil has inaugurated its first uranium enrichment facility to produce the type of fuel for nuclear power plants that Iran is running into trouble for attempting to produce... Brazil has managed to assure the international community its intentions are industrial and commercial, not military... picked by bingo 7 months ago

Vice President Joe Biden told people attending an AARP town hall meeting that unless the Democrat-supported health care plan becomes law the nation will go bankrupt and that the only way to avoid that fate is for the government to spend more money. picked by nateebiinature 4 months ago

In January, Congress approved $152 billion in economic stimulus checks for millions of American households, intended to boost the economy and avert a recession. Just how this money will be spent remains to be seen. This website is dedicated to personal stories of what some Americans decided to do with their checks. picked by TraumaMamma 1 year ago

By Senior Economics Lecturer at Harvard University, Jeffrey Miron.

" The right view of the financial mess is that an enormous fraction of subprime lending should never have occurred in the first place. Someone has to pay for that. That someone should not be, and does not need to be, the U.S. taxpayer." picked by JoshSF49 1 year ago

Now That Money's Being Distributed, Bailout Meant To Be Transparent Cloaked Under Veil Of Secrecy picked by chappy 1 year ago

Putin took a few hours off from dealing with the financial crisis late last month to dance to hits like "Money, Money, Money" performed by the ABBA tribute band BjЪrn Again in a private concert for the prime minister and a group of friends, organizers of the show told The Moscow Times."Putin and his colleague friends were all dancing and getting involved with the choreography... read full post picked by Bornbad 10 months ago