Ahmadinejad denies calling for Facebook ban

Iranian President Mahmoud Ahmadinejad said Monday he did not call for a ban on Facebook during the country’s presidential election. “I should make an inquiry and ask about this,” he said when asked about reports that his government blocked access to the online social networking site. He added, “I believe in maximum freedom of expression.” The hardline Iranian president made the comment in response to a question from CNN at a news conference

Share

GM: Using Taxpayer Dollars To Put Taxpayers Out Of Work

The Administration is starting to face some resistance in Congress about its plan to put GM into Chapter 11 using Treasury money to sustain the company as it works it way back to profitability. The government put another $4 billion into the car company Friday

Share

Financial Woes Spread to Smaller Banks

If you want to know whether the banking crisis is in the third inning or the ninth, consider Corus Bankshares. The Chicago regional bank has made just over $4 billion in commercial real estate loans. The recently completed government bank stress tests assumed that as many as 12% of all such loans could go bad in the next two years

Share