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Henry Paulson Plan

Why Geithner's Banking Fix Won't Work

Henry Blodget | Posted 05.25.2011 | Business
Henry Blodget

The bottom line is that someone has to take the losses on the $1+ trillion of depreciating assets that are crushing bank balance sheets, and we taxpayers have woken up to the fact that we don't want it to be us.

You Morons, What Have You Done With Our Money?

Gail Vida Hamburg | Posted 05.25.2011 | Business
Gail Vida Hamburg

Was it too much to ask Congress to examine this government intervention in the free market critically before authorizing the transfer of US taxpayer dollars to benefit the banking sector?

Neel Kashkari's Stock Plummeting Like the Dow Jones

Disgrasian | Posted 05.25.2011 | Media

Last week, Neel Kashkari appeared before Congress, where he was called a "chump" by Maryland Dem Elijah Cummings.

Hoping Crisis Spawns America 2.0

Leonce Gaiter | Posted 05.25.2011 | Home
Leonce Gaiter

Half of America has been clinging to a self-image that is fast receding: Hearty white folks on the plains instead of brown ones in the cities; a venerated middle class instead of one that is crushed and diminishing; governance that is the envy of the world!

Jason Linkins

John McCain Gets Incoherent In Bailout Defense | Jason Linkins | Posted 05.25.2011 | Politics

Look, I'm just going to level with you. I have not got no explanation for what could possibly be going on in this clip of John McCain on today's Morn...

Jason Linkins

White House Bailout Strategy: Change The Name | Jason Linkins | Posted 05.25.2011 | Politics

With the Senate set to take up the White House's plan to save our collapsing markets, and the promise of a renewed effort to do the same in the House,...

Jason Linkins

For Bailout Analysis, Look Outside The Mainstream | Jason Linkins | Posted 05.25.2011 | Politics

While the political press continues to play with the bright shiny ball that is Who Is To Blame For Everything That Happened Yesterday, I'm picking up ...

House Bailout Vote: The Uprising Comes to Wall Street and Washington

David Sirota | Posted 05.25.2011 | Politics
David Sirota

Will the Democratic leadership make this bill a vehicle for the kind of New Deal-style investments and regulations that are necessary to start rebuilding this country, and pass this bill with full Democratic support?

Health Care Next!

Matt Miller | Posted 05.25.2011 | Politics
Matt Miller

Now that we've socialized large chunks of the mortgage, banking and insurance industries, universal health coverage is among the most conservative initiatives left for America to pursue.

Cheney Components of the Paulson Plan

David Bromwich | Posted 05.25.2011 | Politics
David Bromwich

The banking crisis, in the manner of its management, now looks like the October surprise one week early and with one week longer to turn it to advantage.

Slow Down and Get This Right

Robert Kuttner | Posted 05.25.2011 | Politics
Robert Kuttner

If Paulson's arrogant tactic of demanding instant action because of impending catastrophe sounds vaguely familiar, it's because it evokes how the same Bush administration rushed through the Patriot Act.

Financial Bailout = Patriot Act Redux: Under Cover of Crisis, the Republic is Lost

Pete Cenedella | Posted 05.25.2011 | Business
Pete Cenedella

Forgive me if I smell a similar attempt by the Republicans to ram a lopsided, ready-made and offensive prescription down the throats of the American people under the cover of crisis.

Jason Linkins Sell Your Bad Assets To Paulson | Jason Linkins | Posted 05.25.2011 | Politics

The bailout legislation proposed by Henry Paulson and the Bush Administration is straight-up terrifying nonsense, for a number of reasons, not the lea...

Calling Paulson's Bluff

Robert Kuttner | Posted 05.25.2011 | Business
Robert Kuttner

Paulson spent the past two weeks playing a game of chicken with firms like Lehman Brothers and AIG. Now he is playing even higher-stakes chicken with Congress and the economy.

Paulson's Financial Markets Reform Will Do Little For Current Crisis

McClatchy Newspapers | Kevin G. Hall | Posted 05.25.2011 | Business

Treasury Secretary Henry Paulson makes public on Monday a new blueprint for regulation of the turbulent financial markets, one that has plenty to do w...