Today, a mere forty days before the election, in high pomp McCain has now willingly donned the robes and assumed the tragic role of Herbert Hoover the Second.
SouthtownStar | Phil Kadner | Posted 09.25.2008 | Chicago
Ken Masson could be a poster boy for the nation's home foreclosure crisis. Or the health insurance crisis. Or the credit card crisis. Or the unempl...
Paul Abrams | Posted 09.22.2008 | Politics
Any move Paulson makes with his $700B of unaccountable money will likely help Goldman-Sachs share prices.
Sheila Tendy | Posted 09.22.2008 | Business
This financial crisis is complex. But it's too important not to understand.
Glenn Hurowitz | Posted 09.22.2008 | Business
There is another model that works extremely well: the relatively modestly paid money managers employed by major educational institutions and pension funds.
Todd Gitlin | Posted 09.22.2008 | Media
How can any official be kept accountable when journalists don't inquire into the sources of their errors?
Harry Shearer | Posted 09.21.2008 | Business
I may be an economic special-needs person, but there's one fact about the current credit meltdown that seems to be escaping a lot of attention.
Diane Francis | Posted 09.16.2008 | Business
America's biggest substance abuse problem is money. Like a crack addict in charge of the drug squad, Washington did little to nothing to control the a...
TheBigMoney.com | Chadwick Matlin | Posted 09.16.2008 | Business
Almost lost in the smoke-bomb of Lehman Brothers' epic fail Sunday was Bank of America's historic takeover of Merrill Lynch for $50 billion. Over the ...
Los Angeles Times | David Colker | Posted 09.16.2008 | Business
See Sally. See Sally run from the bank. Run Sally run. In the midst of one of the worst banking crises in decades, the U.S. Treasury Department today...
CNBC | Posted 09.15.2008 | Business
Jim Cramer, host of CNBC's "Mad Money," asked Wachovia CEO Robert Steel about the various crises in the U.S. economy and the Federal Reserve's respons...
Wall Street Journal | Posted 09.15.2008 | Business
It's one fire after another for the Federal Reserve. As it sought to address the Lehman Brothers crisis over the weekend, the next big problem became ...
Wall Street Journal | Posted 09.15.2008 | Business
The decision not to risk taxpayer funds to save Lehman Brothers this weekend came just as the political appetite for bailouts had reached its limits i...
Wall Street Journal | Jon Hilsenrath, David Enrich and Deborah Solomon | Posted 09.12.2008 | Business
Doing more could lead to other problems. Fed officials are wary of pushing short-term interest rates lower. At 2%, the federal-funds rate is 3.25 perc...
Clusterstock | Jonathan Kennedy | Posted 08.20.2008 | Business
Remember when everyone gasped in astonishment when Fed Chairman Ben Bernanke said that total losses from the credit crisis could eventually sum to a w...
Nathan Gardels | Posted 07.15.2008 | Business
Robert Reich: "Capitalism has always required regulation in order to ensure against fraud and excessive speculation. Greenspan allowed the economic crisis to happen because he believed that capitalism was self-correcting."
Jeff Madrick | Posted 07.13.2008 | Business
The collapse in share prices of Fannie Mae and Freddie Mac was startling, but make no mistake about these events. They are made by humans, not large and impersonal economic forces.
Reuters | Jennifer Ablan | Posted 06.30.2008 | Business
The worldwide credit crisis that burst onto investors' radar screens nearly a year ago wiped out some $3.3 trillion in wealth from global stock market...
The Washington Independent | Charles R. Morris | Posted 06.23.2008 | Business
Lehman Brothers, Inc., released its second quarter earnings last week, reporting a loss of $2.8 billion ($4.1 billion before taxes). The losses were c...
AP | JOE BEL BRUNO | Posted 06.16.2008 | Business
NEW YORK — Lehman Brothers Chief Executive Richard Fuld on Monday took the blame for the company's staggering second-quarter loss, and said the ...
Max Keiser | Posted 06.16.2008 | Business
The disappearance of water and credit has a common cause: a broken neo-classic capitalist system that forgot to factor in the replacement cost of natural resources and the costs of pollution.
Jeff Madrick | Posted 06.16.2008 | Politics
McCain remains in free-market oblivion. Somehow the markets will work it out. Above all, don't be chicken and bail out those who are responsible. Real men believe in moral hazard.
Reuters | Posted 06.16.2008 | Business
NEW YORK (Reuters) - U.S. prosecutors are preparing to file criminal charges against managers of two Bear Stearns hedge funds whose collapse helped ki...
Danny Schechter | Posted 06.09.2008 | Business
The media reform conference was starting in Minneapolis when word bounded in from New York that the market dropped 394 points as oil prices rose, and, to borrow an Iraq war word, unemployment "surged."
McClatchy Newspapers | Kevin G. Hall | Posted 06.08.2008 | Business
The credit crisis triggered by bad home loans is spreading to other areas, forcing banks to tighten credit and probably extending the credit crisis th...
Are nude animal rights protests old hat? We got word of a...
Rep. John Conyers has written a letter to Democratic colleagues urging them to join...
Rachel Maddow appeared on "The Daily...
As January 20 grows larger in the window, I've been thinking more often about the...
Editor's note: We first posted this in late July, back when...
I want to play poker with Harry Reid. Really I do. Rather than call for a...
Scroll down for video and a slideshow WASHINGTON
Several people have directed me today to the raw video of an interview of...
You know her as Lisa Bonet from "The Cosby Show," and Lilakoi Moon (Bonet changed her...
An article in next month's Atlantic asks, "Is porn...
GARDEN CITY, N.Y. — A Long Island surgeon embroiled in a nearly...
Below the headlines about rocketing food prices and rocking governments, there...
Millions of children and adults have seizures in the United States, but dying...
Michael Carmichael | Posted 09.26.2008 | Politics