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Wall Street Bailout

Miscommunicating the "Bailout"

Jeff Sandman and Kevin Nix | Posted 05.25.2011 | Politics
Jeff Sandman and Kevin Nix

White House spokesman Tony Fratto "insisted that the plan was not slapped together and had been drawn up as over previous months and weeks by administration officials."

Republicans Point Fingers While Enacting Socialist Policies

Brian Ross | Posted 05.25.2011 | Home
Brian Ross

The bailout of Wall Street and buying stock in major banks to shore up their shattered credibility is the very definition of socialist policy: The state owning the means of production and exchange.

"I Told You So's" Everywhere

Jeff Madrick | Posted 05.25.2011 | Business
Jeff Madrick

Since the credit crisis, the establishment is registering their fears of free markets across the American landscape. But where were these people for the last thirty years? And where was the media?

World Needs Global Financial and Securities Bodies

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

The world economy nearly failed and a global effort by governments and central banks has pulled the system back from the proverbial brink. That's why only a global solution going forward will save the day.

Redistribution: From Joe the Plumber to Robert Rubin

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

Hank Paulson went the bank welfare route. Joe the Plumber and everyone else should be very upset about this method spreading around the wealth.

FDIC Chief Criticizes Government Response to Crisis

ProPublica | Posted 05.25.2011 | Business
ProPublica

A public criticism coming from one of the key government officials overseeing the bailout seems rare enough. But Sheila Bair has been similarly outspoken before.

Outside Debate, Hempstead Struggles (VIDEO)

ANP | Posted 05.25.2011 | Politics

Today a horde of journalists descends on Hempstead, NY, to cover the third and final presidential debate. But ANP left the pack to hear from people ou...

McCain Wrong, Real Estate Prices Must Devalue

Vanessa Edwards Foster | Posted 05.25.2011 | Home
Vanessa Edwards Foster

Either American living standards must continue eroding at a shocking pace, or the costs of these living standards must come down accordingly in order to give American workers a chance to compete for jobs.

Public Ownership -- But No Public Control

Robert Weissman | Posted 05.25.2011 | Business
Robert Weissman

It is a remarkable time. On Friday, the Washington Post ran a front-page story titled, "The End of American Capitalism?" Today, the banner headline is...

An Explanation Of the Treasury's Debt Purchase And Equity Injection Program

Hale "Bonddad" Stewart | Posted 05.25.2011 | Business
Hale

The government says it isn't buying an ownership interest that will lead to directing bank policy. I'm finding that a bit hard to believe.

One American Carmaker -- Our Best Solution?

Steve Parker | Posted 05.25.2011 | Business
Steve Parker

If the Detroit Three were to merge into one company, ownership shared with the American people, it could benefit everyone; the carmakers, their dealers and their customers

Wall Street Bailout Won't Do Much to Help Ailing Economy

Mark Weisbrot | Posted 05.25.2011 | Business
Mark Weisbrot

The worst part about the bailout is that some politicians will say we can't afford the necessary stimulus because we just added $700 billion to the national debt.

Credit Default Swaps, the Collapse of AIG and Addressing the Crisis of Confidence

David Paul | Posted 05.25.2011 | Business
David Paul

The problem seems straightforward. After the AIG collapse, how does one institution trust its exposure to another?

Major New Bailout Good Move But Won't Stop Recession

Henry Blodget | Posted 05.25.2011 | Business
Henry Blodget

Steps recommended by economists to ease the credit markets may put western governments and taxpayers in serious financial trouble and are not likely to head off a severe, prolonged recession.

The Iraq War Hits Wall Street

The Real News | Posted 05.25.2011 | Politics
The Real News

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The Bungled Bailout (Or the Perils of Paulson)

Kevin Phillips | Posted 05.25.2011 | Business
Kevin Phillips

Given the last decade's malignant transformation of U.S. finance, providing federal transfusions without needed corrective surgery is not medicine but unwise favoritism and cosseting.

Mr. Piggy

Sara Geiger | Posted 05.25.2011 | Politics
Sara Geiger

...

National Debt Passes $10 Trillion, No One Notices

Scott Bittle and Jean Johnson | Posted 05.25.2011 | Business
Scott Bittle and Jean Johnson

Ten trillion is an almost unimaginable number -- so colossal that the National Debt Clock in Times Square, for example, didn't even have room for that many digits. On Sept. 30, they had to squeeze the "1" and the dollar sign into the same box.

Credit: Man's Confidence in Man

Dr. R. Keith Sawyer | Posted 05.25.2011 | Business
Dr. R. Keith Sawyer

"Commercial credit is the creation of modern times and belongs only to the most enlightened and best governed nations." I stumbled on this frieze after giving a talk at Harvard Business School.

Obama Vs McCain: OTB Policy Wonks Weigh In On Where The Candidates Stand On Key Issues

Off The Bus | Posted 05.25.2011 | Home
Off The Bus

As the Wall Street crisis and recent bombing in Pakistan have made all too clear, there are crucial global, financial and social issues that the next president will be focused to grapple with. This week OffTheBus writers have tossed aside the lipstick and plunged into some of the most pressing issues in the election by analyzing key policy differences between Senators Barack Obama and John McCain.

Saving the U.S. Economy Through "Trickle Up" Economics

Deepak Chopra | Posted 05.25.2011 | Media
Deepak Chopra

Dear Friends, I would like to share with you the 14 Point Program that my good friend, Rinaldo Brutoco founder and president of World Business Acade...

What if They Gave a Bailout and Nobody Noticed?

Howard Schweber | Posted 05.25.2011 | Business
Howard Schweber

There is one class of workers who should feel immediately reassured by the bailout. I am talking, of course, about the nice folks on Wall Street who did so much to create this scenario.

Economic Solution Through Service, Not Greed

Deepak Chopra | Posted 05.25.2011 | Home
Deepak Chopra

I asked my friend Rinaldo Brutoco founder and President of World Business Academy to guest blog here on practical suggestions to reverse the trend we...

If The Bailout Passes... Then What?

Fortune | Colin Barr | Posted 05.25.2011 | Business

NEW YORK (Fortune) -- After much ado, the government appears ready to toss a lifeline to Wall Street. But with policymakers frantically battling to ke...

The Difference Between Wealth and Money

Deepak Chopra | Posted 05.25.2011 | Home
Deepak Chopra

Ordinary people are outraged that the wealthy want to be given free money as a bailout, and at the same time they are frightened about losing their ow...