The Wall Street Bailout: A Financial Coup d’etat
The Emergency Economic Stabilization Act and Troubled Asset Relief Program (TARP), commonly referred to as a “bank bailout,” authorized the US Secretary of the Treasury to spend …
Paul Volcker
2007-08 Financial Collapse Begins with the Filing for Bankruptcy by New Century Financial
New Century Financial, one of the largest sub-prime lenders in the US, filed for Chapter 11 bankruptcy on April 2nd of 2007, beginning the collapse …
The Council on Foreign Relations is Established
The Council on Foreign Relations Handbook of 1936 provides the following details concerning the organization’s establishment: “On May 30, 1919, several leading members of the …