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Richard Baker

Bailout should consist of loans with interest

It's disappointing that Sen. Bennett is falling for this "taxpayer cash for Wall Street trash" bailout in his capacity as second-ranking member of the Senate Banking Committee. The ranking Republican, Sen. Shelby, so far...

Retailers gird for weak holiday sales season

Stores cutting inventory, staff, in wake of market turmoil By MARINA STRAUSS Tuesday, September 30, 2008 Page B3 Retailers have scaled back inventory and advertising spending as they brace for a tough fall and holiday...

Shakeup at Lord & Taylor

Shopping magnate Richard Baker braces for a dismal holiday season. The management changes at Lord & Taylor come as retailers prepare for the worst holiday shopping season in two decades. Faced with a dismal climate for...

Sheriff says this man should go to jail – but there's no room

Published Date: 26 September 2008 A FRAUDSTER avoided a prison sentence yesterday after a sheriff told him that there was no room left in Scotland's overcrowded jails. Sheriff Lindsay Foulis told George Munce, 46, he was...

Fannie, Freddie Critic Ridiculed In 2000

It is now consensus that Fannie Mae and Freddie Mac are at the heart of the systemic meltdown we are seeing in the mortgage market. They are costing taxpayers billions through their own bailouts and through the role they...

Jerry Jackson: The biggest economic villian - Barney Frank

Recently my friend and fellow columnist Pete Jackson expressed his concern over the credit crises and specifically about Fannie May and Freddie Mac. It was good to see a Progressive concerned about financial matters. Too...

Inside Holyrood: I've seen the future and it's run by Patsies

Published Date: 22 September 2008 THIS week MSPs will be considering a motion by Keith Brown, the Nationalist MSP, into the welfare of veterans across Scotland. While the former Royal Marine's motion is about veterans...

Chutzpah

To expand on a point Steve made a couple of days ago: It takes a certain amount of chutzpah for McCain to produce ads about Obama's advisors having ties to Fannie Mae and Freddie Mac. One of the people McCain focusses on...

Why SEC banned short sales

As part of a wide-ranging effort to contain Wall Street's worst financial crisis since the Great Depression, the Securities and Exchange Commission (SEC) took the unprecedented step Friday of banning short sales of stock...

SEC bashed over short-selling ban

The Securities and Exchange Commission draws sharp criticism for putting a stranglehold on short sellers, a move that will force hedge funds to reveal short positions. It also could sap market liquidity and create more...