Monday, March 17, 2008

Government Programs Help Big & Small Business



This week, Bear Stearns, Wall Street's 5th largest investment bank, is shown to be in big financial trouble because of the credit crunch caused by troubled high-risk mortgages. So Uncle Sam, thru the Federal Reserve Bank of New York is offering government backed loans to help get them through their problems. To read more, go to: http://blogs.usatoday.com/ondeadline/2008/03/stocks-lose-big.html

$97.4 Million Business Giveaway May Violate State Law



There are some people who say the government does not give away money to business, well here is the non-profit Goldwater Institute suing the City of Phoenix for giving away too much money to business...$97.4 million. See: http://www.goldwaterinstitute.org/AboutUs/ArticleView.aspx?id=1712