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Bailout Plan

The Offer They Couldn't Refuse: When Paulson Met With Big Bankers

New York Times | Mark Landler and Eric Dash | Posted 05.25.2011 | Business

WASHINGTON -- The chief executives of the nine largest banks in the United States trooped into a gilded conference room at the Treasury Department at ...

Bank Of New York Will Oversee Bailout Fund

New York Times | Eric Dash | Posted 05.25.2011 | Business

The Bank of New York was named the master custodian firm overseeing the Treasury Department's bailout fund, the agency announced Tuesday. The master...

Bernanke Wall Street Journal Op-Ed: Laying Groundwork For Recovery

Wall Street Journal | Ben S. Bernanke | Posted 05.25.2011 | Business

History teaches us that government engagement in times of severe financial crisis often arrives very late, usually at a point at which most financial ...

Government Investing In Banks Bold, But Not Totally New

New York Times | Steve Lohr | Posted 05.25.2011 | Business

The high-stakes program is intended to halt the worst financial crisis since the 1930s. If successful, it could long be studied by historians as a tex...

US Treasury To Invest In Nine Banks, Including Citigroup, BofA

Bloomberg News | Posted 05.25.2011 | Home

The Bush administration will announce a plan to rescue frozen credit markets that includes spending about half of a total of $250 billion for preferre...

Big Bottom

Jamie Lee Curtis | Posted 05.25.2011 | Politics
Jamie Lee Curtis

The American dream is NOT that everyone is entitled to credit based on no ability to pay it back. It is based on the idea that anyone can try, to be free from persecution, and can, if they work hard, build a life.

AIG Spa Holiday

Jeff Danziger | Posted 05.25.2011 | Politics
Jeff Danziger


Obama's New Deal for America

Amb. Marc Ginsberg | Posted 05.25.2011 | Politics
Amb. Marc Ginsberg

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.

"Free Market?" R.I.P. and Good Riddance!

Warren Goldstein | Posted 05.25.2011 | Business
Warren Goldstein

Not only are there no "free markets" on Wall Street--there never have been. There have only been institutions and markets receiving varying degrees of protection from the mass of American citizens.

Bin Laden Used a Similar Strategy to Decimate American Capitalism as Reagan Used to Hasten End of Soviet Communism

Miles Mogulescu | Posted 05.25.2011 | Politics
Miles Mogulescu

Both men used the same strategy: scare them into an arms race which they couldn't afford and which would undermine the very fabric of their economic, social and political system.

The Bailout Passed, But Will It Work?

CNN Money | Tami Luhby | Posted 05.25.2011 | Business

The $700 billion bailout plan signed into law Friday may get banks to start lending to each other again. But it remains to be seen how long that will ...

Do Bailouts Work? Analysts Explore Which Do And Which Don't

Clusterstock | Henry Blodget | Posted 05.25.2011 | Business

Do banking-system bailouts work? Yes. But some work better than others. They're also mind-bogglingly expensive. Unfortunately the current Hanke-Panke...

Like A Clearance Sale: What Does Wall Street Think Of The Failout?

Wallstrip | Posted 05.25.2011 | Business

Wallstrip's Julie Alexandria hit the street to see what people in New York think of the bailout plan -- and its failure in the House of Representative...

Main Street and Wall Street -- We're in This Together

Tom Donohue | Posted 05.25.2011 | Business
Tom Donohue

The defeat of the financial rescue plan in the House of Representatives on Monday dealt a needless blow to an already faltering economy. Investors lost $1.2 trillion in wealth.

Marketing for Grownups: Selling the Rescue Plan

Alan Fein | Posted 05.25.2011 | Business
Alan Fein

Bush noted that the effect of just Monday's drop in the market capitalization of the stock market was in excess of $1 trillion -- that's right, more than the $700 billion "bailout."

How Republicans Can Win (and Deserve It)

Stan Goff | Posted 05.25.2011 | Politics
Stan Goff

Here's my suggestion for ambitious Republicans facing Democratic incumbents who voted for the bailout -- say no to the bailout, loud and clear -- and call your opponent out for his/her support of Wall Street.

Fixing the Bailout Bureaucracy

Paul C. Light | Posted 05.25.2011 | Business
Paul C. Light

Here are 10 ideas Congress should consider to start building toward a more accountable bureaucracy.

Jed Lewison

Heckuva Job, Johnny | Jed Lewison | Posted 05.25.2011 | Politics

Who knows whether John McCain will figure out a way to take political advantage of this bailout mess, but it's worth noting that he said the reason wh...

GOP Fallback: When In Doubt Blame Pelosi

Robert Reed | Posted 05.25.2011 | Chicago
Robert Reed

If the ultra-conservative GOP wing has a real plan for rescuing this economy then let's see it. If not, then let's go with this plan and move on. But don't insult the country, or waste its time, with this political nonsense and talk of bruised feelings.

Jed Lewison

Krugman Offers Lukewarm Support For Plan, Rips "Frightening" McCain | Jed Lewison | Posted 05.25.2011 | Politics

Update (11:42PM): Krugman offers lukewarm support for the plan in his new column, but warns that the plan isn't going to fix all our financial problem...

Bailout Bill: Full Text Of Plan

The Huffington Post | Posted 05.25.2011 | Business

Read below for the full text of the compromise bailout legislation agreed to on Sunday afternoon. Click on "full screen" to see a larger version. For...

How Can Capitalism Ever Be The Same?

Weekly Standard | Irwin M. Stelzer | Posted 05.25.2011 | Business

NO MATTER WHAT deal is finally cut between Hank Paulson, the Democrats, and unhappy conservative Republicans, or even if no deal at all is finally wor...

CNBC Giving Airtime to Bailout Winners

Raymond J. Learsy | Posted 05.25.2011 | Media
Raymond J. Learsy

Question: will PIMCO CEO Bill Gross be asked exactly how the bailout will impact his fund's bond holdings, and to what degree of profit? Or will he simply be given free reign to lecture us about the stormy seas ahead?

NY Times Econ Journalist: Bailout Plan Doesn't Add Up

Poynter Online | DAVID CAY JOHNSTON | Posted 05.25.2011 | Media

Journalists, start your skepticism. In covering the proposed $700 billion bailout of Wall Street don't repeat the failed lapdog practices that so dam...

A Fine Mess

Robert Kuttner | Posted 05.25.2011 | Home
Robert Kuttner

The bailout bill will enable Obama to assume one of his favorites stances -- the progressive who bridges differences. He can claim that the unified Democrats dramatically improved a flawed and self-interested Republican bill.