End the Bailout
Paulson is now on his third plan for how to spend the cash Congress gave him. Nobody knows what he will do next.
Paulson is now on his third plan for how to spend the cash Congress gave him. Nobody knows what he will do next.
Robert L. Borosage | Posted 11.18.2008 | Politics
The US has joined Germany and Japan in what is becoming a global recession. The era of big government is over is over. In the crisis, we are, as Richard Nixon once said, "all Keynesians now."
Chris Weigant | Posted 11.14.2008 | Politics
I have to begin here today by stomping all over a cutesy term the media has come up with for the upcoming economic "summit" George W. Bush is holding ...
Howard Schweber | Posted 11.12.2008 | Business
Paulson now says that the administration will not, after all, use any of the $700 billion to purchase asset-based securities. At this point it seems salient to ask, what the hell is going on?
Alan Schram | Posted 11.10.2008 | Business
Have you noticed our politicians so often do exactly the wrong thing? They mean well, but in their haste to propitiate us, the voters, they cause more damage than good.
Robert Scheer | Posted 10.29.2008 | Politics
Call me naive, but I think white males, startled by job cuts and the devastation wreaked upon their retirement savings, are finally getting the point.
Wall Street Journal | AARON LUCCHETTI, DAMIAN PALETTA and JESSICA HOLZER | Posted 10.13.2008 | Business
Treasury Secretary Henry Paulson called the top U.S. banking heads to a meeting today in Washington, people familiar with the matter said. The aftern...
Sarah van Gelder | Posted 10.13.2008 | Business
The World Bank and IMF held their annual meeting in Washington, DC, this weekend, and of course the global economic meltdown was on everyone's minds.
Amb. Marc Ginsberg | Posted 10.08.2008 | Politics
I believe now is the time for Obama to consider a bolder and more historic approach to the financial crisis by presenting to middle income Americans a step-by-step "big think" FDR-style New Deal program.
Danny Schechter | Posted 10.06.2008 | Business
One of the tactics of high pressure selling is to set a deadline, and make it clear that if you don't chose the offer by the date set, you lose it.
Tom Gregory | Posted 10.06.2008 | Business
It is ironic that real estate, the cause of the economic collapse, may eventually be the unintended beneficiary of our steep downturn.
Sarah van Gelder | Posted 10.01.2008 | Business
Now, in spite of having no national party and no big popular spokesperson to bring them together, these American populists have said enough! The scare tactics didn't convince them.
Stephen Herrington | Posted 10.01.2008 | Home
The Republican House plan would be a government bailout with the prospect that bank contributions would cover the costs over time. But those contributions will not come out of bank profits but will be passed on to consumers, further adding to the costs of credit.
Henry Blodget | Posted 09.30.2008 | Business
McCain's nosedive is the result of a critical decision by Bush Treasury Secretary Hank Paulson earlier this month: to let Lehman Brothers fail.
Ron Grande | Posted 09.30.2008 | Home
The House Republicans will be to blame for any calamities that may yet be in store for our economy. Their objection to the modified Paulson Plan was not ideological, it was political.
Matt Littman | Posted 09.29.2008 | Politics
No, this campaign is going to come down to Obama vs. McCain, mano a mano. And right now, momentum is going Obama's way.
Vivian Norris de Montaigu | Posted 09.29.2008 | Business
Denial was overtly present during a three hour dinner at an expensive sushi restaurant. Bankers threw stock prices into the conversation between the dishes of sashimi and cucumber martinis.
Tom Gregory | Posted 09.27.2008 | Business
"Dear Mr Tomm Gregorry: My name is Minister Wa Cohvia C.T. Bank. I am a very wealthy financiall institution in the country of America."
Grant Cardone | Posted 09.26.2008 | Business
A bailout that doesn't include getting products off the books of the government and and into the hands of investors or buyers that are willing and qualified to bear the risk of ownership will fail.
The Washington Independent | Posted 09.25.2008 | Politics
As lawmakers continue fighting on Capitol Hill over a $700 billion taxpayer bailout for banks and lenders on Wall Street, the foreclosure machine grin...
Adam Hanft | Posted 09.24.2008 | Business
More than Paulson, more than Bernanke, more than pretty much anyone in Washington I'd trust venture capitalist John Doerr to negotiate my stake in the bailout.
Neil Grossman | Posted 09.24.2008 | Business
Neither the Treasury nor the Federal Reserve has done a good job handling the economy, the financial system, regulation. If most of us had their track record, we wouldn't be taken seriously.
Philip Slater | Posted 09.24.2008 | Business
The free market is energetic, yes, and creative, yes, and innovative, yes, but stupid. It will gamble its way into bankruptcy, poison its children, destroy its environment -- you can't take the kid anywhere.
Fortune's Stanley Bing | Posted 09.24.2008 | Business
I have no doubt as we transition our economy that the former scions of the now-discredited system will once again rise to the apex of power under a brand new flag.
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Alan Schram | Posted 11.20.2008 | Business