Predatory Lending Gets a Boost from the NYT
After the Pentagon documented the adverse impact of predatory lending on military personnel, Congress prohibited payday lenders from making loans to active duty service members.
HuffPost's QuickRead
Do It For Me, Matchbox Man
From the fireworks in DC this week, you might think the auto crisis is out of your hands, but we're all complicit: government, CEOs, autoworkers, the public.
Depressed Market is an Ideal Time for Roth IRA Conversions
If you've been thinking of converting some or all of your IRA assets to a Roth, this is a great time to make your move.
The Simple Arithmetic of Hank Paulson's Financial Disaster
Financial markets have given Hank Paulson a vote of no confidence. His inaction has triggered a chain reaction. Unfortunately, it's the rest of us who will pay the price.
Risking Our Best Talent
When I hear talk of the US taxpayer wanting zero bonuses on Wall Street this year, it concerns me that the public doesn't understand how talent works.
President-Elect Obama's First Big Mistake
Obama's economic advisory team looks more like a semester's worth of guest speakers for an MBA class than a team that can truly help him. Entrepreneurs will lead us out of this mess. Talk to them.
Free Fall
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."
Will We Let Detroit Go and the Recession Deepen Out of Disgust Over Financial Bailout?
We have watched one bailout unfold, and we have not been impressed. We heeded the Wise Men, and now we feel violated. But how do we now hold failing auto companies to a higher standard?
Detroit Bailout -- Let ExxonMobil Foot the Bill
Listening to the auto execs this week, you'd think it would have offered a humble moment for them to come clean on their mistakes. But no, they continue to deny any responsibility for the mess they are in.
While Paulson Waffles, the White House Dawdles, and Congress Dithers, the Economy Continues to Burn.
So, $290 billion into his bailout plan, Hank Paulson is calling for a do-over. Now there is a confidence booster -- it shows just how uncertain Washington is about how to keep the economy from imploding.
Pritzker Saved Obama Much Embarrasssment By Bowing Out Of Commerce
Pritzker did Obama, herself, and probably the thousands of other bilked homeowners who still blame her family bank for their misery, a favor by bowing out of Commerce. That is if indeed she did bow out.
Shut it down! Now!
Wall Street and its associated analysts, brokers, traders and investors are simply too stupid to operate at this point. So let's not let them.
Journalist to GOP: You're 100 Percent Wrong About U.S. Automakers
"People who say the U.S. doesn't innovate are woefully out of touch with Detroit's standing in this business."
Public Employee Pensions are Not the Problem
Right-wing critics of public employee pensions will use any angle to convince folks that these plans are bankrupting states, cities and towns. However, they are an essential part of the capital market.
Audit the Books!!!
The first thing Obama should do to get the economy back on track is publicize the financial record of the Bush Administration. Every business knows that "if you can't measure it, you can't manage it."
"The Witch of Wall Street," a Cautionary Tale for Tough Times?
Hetty Green was the world's richest woman, but also earned the nickname of the "Witch of Wall Street," with her severe Quaker clothing and staggering thriftiness.
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REPORT: TIM GEITHNER TO BE NAMED
SECRETARY OF TREASURY
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McCain Adviser Black Goes Back To Lobbying
I guess when you are 'black' you *can* go back.
I think this HEADLINE is ridiculus. The Stock Market has been going up and down daily for months, and it will continue to do so for a long time to come.
This is just a distraction.
Just saw this. Looks like the tax payers just covered all bank debt for the next three years.
"WASHINGTON (AP) -- The FDIC will guarantee up to $1.4 trillion in U.S. banks' debt for more than three years as part of the government's financial rescue plan."
http://biz.yahoo.com/ap/081121/fdic_bank_guarantees.html
Here is a good explaination if you wnat to know. I would recommend reading it.
http://www.dailykos.com/story/2008/11/21/184157/06/241/664871
I'm at a loss for words.