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Wall Street Bailout

Getting Wall Street Pay Reform Right

Robert Weissman | Posted 05.25.2011 | Business
Robert Weissman

The Wall Street salary structure has helped set the standard for CEO pay across the economy, and helped establish a culture where executives consider outlandish pay packages the norm.

Give Us a Bailout that Helps Everyone

Gerald McEntee | Posted 05.25.2011 | Business
Gerald McEntee

Bush and McCain have turned a blind eye to those who are struggling to keep their homes. Back then they were talking about "market correction." Only now are they talking about government intervention.

Goldman's Revolving Door: Who is Protecting Whom?

Robyn O'Brien | Posted 05.25.2011 | Business
Robyn O'Brien

Goldman went on a shopping spree buying up mortgages -- yours, mine and your neighbors, and bought 8,274 of them.

Bush May Be Stupid, But He's No Fool: The Bailout and the Final Repeal of the 20th Century

Pete Cenedella | Posted 05.25.2011 | Politics
Pete Cenedella

Bush is playing dumb so we won't notice that his final stroke in office will be to make the Republican Revolution permanent and impossible to repeal for decades to come.

McCain Comes To Destroy Compromise, Not To Save It

Eric Schmeltzer | Posted 05.25.2011 | Politics
Eric Schmeltzer

And so it all comes into focus. Per Marc Ambinder, it seems that chatter on the Hill is that John McCain will come back to DC to destroy any compromi...

McCain's "Daring" Actions

Robert Davey | Posted 05.25.2011 | Media
Robert Davey

McCain's suspension of politics could be called altruistic and apolitical, or opportunistic and ultra-political.

The Financial Crisis: How and Why Congress Should Play for Time

Robert Weissman | Posted 05.25.2011 | Business
Robert Weissman

There is real urgency to act, but Congress still has the ability to dodge the Paulson steamroller and buy some time to do legitimate legislating.

Buy Hasty Fed Bailout Now, Regret It Later

Robert Reed | Posted 05.25.2011 | Business
Robert Reed

Congress must question this bill and press for more safeguards. Have you read this thing? Basically it's like Paulson is declaring Martial Law over the U.S. economy. No court can stop him. No lawmaker dare question the Treasury Secretary's rulings.

"Bloodbath": House GOP Turns On Cheney

Politico | Posted 05.25.2011 | Politics

There was a time when Dick Cheney could turn back a Republican revolt on Capitol Hill. That time is gone. The vice president traveled to Capitol Hil...

Wall Street Crisis Gives Preview of McCain Under Pressure

Andy Ostroy | Posted 05.25.2011 | Business
Andy Ostroy

The meltdown on Wall Street last week wasn't the only one. We got a glimpse of McCain under fire, and it wasn't pretty. America needs a president who provides a steady hand under pressure.

Children's Defense Fund Founder: McCain Will Leave Millions Of Children Uninsured

Diane Tucker | Posted 05.25.2011 | Home
Diane Tucker

"Sen. McCain has no specific plan for children. We keep a Congressional scorecard... Senator McCain received the lowest score of anyone in the Senate in 2007."

The Rising Tide Of Online Opposition To Paulson's Plunder

Micah Sifry | Posted 05.25.2011 | Home
Micah Sifry

A sure indicator of public sentiment against the Paulson plan was the rapid spread of emails and websites poking fun at it. One email purporting to be from Paulson imitated the Nigerian scam emails that beg for cash.

Bush, candidates, lawmakers to meet on rescue plan

AP | JULIE HIRSCHFELD DAVIS and DAVID ESPO | Posted 05.25.2011 | Business

WASHINGTON — President Bush summoned Barack Obama, John McCain and legislative leaders to an extraordinary White House summit, warning Americans...

Detroit Three Expect $25 Billion -- So Who Bails Out Americans' Missing Car Payments?

Steve Parker | Posted 05.25.2011 | Business
Steve Parker

It used to be said that a house was the largest expenditure in any person's lifetime; but if someone buys five or more new cars over 40 or 50 years, those purchases could easily cost more, in total, than their home.

Dire warnings fail to sway senators on big bailout

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — Refusing to be pushed, Republicans and Democrats alike rebuffed dire warnings Tuesday from the government's top economic officials ...

Jason Linkins

Dear American: A Letter From The Ministry Of The Treasury | Jason Linkins | Posted 05.25.2011 | Politics

"I am ministry of the treasury of the Republic of America. My country has had crisis that has caused the need for large transfer of funds of 800 billion dollars US."

Bush's Wall Street Patriot Act

Andy Ostroy | Posted 05.25.2011 | Politics
Andy Ostroy

[Henry Paulson's] only accountability would be largely symbolic periodic updates to Congress about those unilateral decisions.

Disaster Movie 2: If You Liked the Patriot Act, You'll Love BAILOUT!

Pete Cenedella | Posted 05.25.2011 | Politics
Pete Cenedella

Star Wars isn't the only motion picture franchise to roll out an unwelcome sequel this month. Georgey and the Con Squad are back on the big screen, to...

4 Ways They Might Use Your $700 Billion

New York Times | Anil K Kashyap and Jeremy C. Stein | Posted 05.25.2011 | Business

HENRY PAULSON, the Treasury secretary, has opened the government checkbook and is poised to spend $700 billion to end the financial crisis. What comes...

Gut Check Time: Will Congress Stand up to Wall Street?

Robert L. Borosage | Posted 05.25.2011 | Politics
Robert L. Borosage

The attempt by Paulson to put a gun to the head of Congress and terrify them into forking over a $700 billion blank check to the Bush administration in 48 hours has failed. Now what?

It's Time For Financial Dinosaurs To Die

Henryk A. Kowalczyk | Posted 05.25.2011 | Home
Henryk A. Kowalczyk

Instead of pouring cash into saving financial giants that are doomed for extinction, the government should use these funds to assist people and institutions that could be affected by the Wall Street turmoil.

Main Street's Resentment Over Wall Street Bailout

Washington Post | Joel Achenbach | Posted 05.25.2011 | Business

The bailout doesn't smell right to the people of Manassas Park, where the foreclosure signs are as common as azaleas. They know all about bad debt her...

Bloomberg: Obama, Not McCain, Has Steady Hand

Bloomberg | Posted 05.25.2011 | Politics

For the first time since 1932 a presidential election is taking place in the midst of a genuine financial crisis. The reaction of the candidates was r...

Every Man For Himself, Said The Elephant Among The Chickens

Leonce Gaiter | Posted 05.25.2011 | Home
Leonce Gaiter

Andrew Sullivan says he believes in "personal responsibility." But like most conservatives, he only believes in it for proles. Money buys morality in today's America--just like it buys administrations.

Economists see financial bailout as necessary

AP | MARTIN CRUTSINGER | Posted 05.25.2011 | Business

WASHINGTON — The economy could suffer a massive hangover from the government's efforts to rescue the financial system in the form of a soaring d...