Bailout Outrage

Save the Jeep; Save the Nation

Leo W. Gerard | Posted 03.25.2009 | Business


Leo W. Gerard

Congress cannot let the Jeep die in bankruptcy. Congress must not fail the U.S. auto industry. Doing so would be abandoning the core of the American economy -- manufacturing.

How Big is This Bailout?

Alan Schram | Posted 03.25.2009 | Business


Alan Schram

It's not the government's job to make stocks go up. It's their job to ensure stability and confidence to counter the fear and panic now so prevalent all over the world. Markets will find their own equilibrium when that happens.

GOP Blames Unions for Detroit's Ills

Mike Papantonio | Posted 03.25.2009 | Business


Mike Papantonio

The failures of the "Big 3" had nothing to do with union workers, as the GOP has been saying. It had to do with the fact that these industries didn't adapt to the times

Unions Aren't To Blame For Automakers' Woes

Mike Papantonio | Posted 03.26.2009 | Business


Mike Papantonio

If the centralized, organized mouthpiece for labor is destroyed, then so is the only advocacy vehicle available to the nonunion worker.

Weekly Audit: It's a Recession, Stupid (and what that means) Economy NewsLadder

The Media Consortium | Posted 03.25.2009 | Business


The Media Consortium

We are clearly out of options that match up with Friedman's monetarism, indicating that public policy has nowhere left to turn except direct government spending on economic support.

Robert Rubin's Awkward, Damning Citigroup Crisis Interviews

New York Magazine | Posted 03.26.2009 | Business


Last week's New York Times article, which blamed him for bringing down Citigroup and really the entire global economy, must have been difficult for Ro...

Excessive Avarice Tax

Joe Peyronnin | Posted 03.25.2009 | Business


Joe Peyronnin

It is going to take more than a $750 billion TARP for the newly established "Office of Financial Stability" to right the ship.

Paulson Policy Failures

Alan Schram | Posted 03.26.2009 | Business


Alan Schram

The Treasury's policy did nothing to build confidence or stabilize the markets. The precipitous drop of the equity markets in October and November are the market's judgment on their policies.

Steve Forbes: Paulson "Worst Treasury Secretary" In Modern Times

CNN | Posted 03.26.2009 | Business


Forbes magazine President and CEO Steve Forbes called Treasury Secretary Henry Paulson "the worst treasury secretary we've had in modern times", citin...

Citigroup Job Cuts: Could Citi Be Headed For Buyout Or Government Takeover?

Huffington Post | Dave Burdick | Posted 03.26.2009 | Business


All weekend, the media has been atwitter with the rumor of enormous impending job cuts at Citigroup. This morning, Clusterstock reports that Citigroup...

Banks Promise They Won't Use Bailout Money For Pay

AP | JOHN DUNBAR | Posted 03.26.2009 | Business


WASHINGTON — Some of the nation's largest banks sharing in the $700 billion government bailout of the financial industry tried to assure lawmake...

What the Hell is Paulson Thinking???

Howard Schweber | Posted 03.26.2009 | Business


Howard Schweber

Paulson now says that the administration will not, after all, use any of the $700 billion to purchase asset-based securities. At this point it seems salient to ask, what the hell is going on?

Critics say new federal mortgage plan not enough

AP | ALAN ZIBEL | Posted 03.26.2009 | Business


WASHINGTON — Once again, the government has offered another plan to help troubled homeowners. Once again, critics say it doesn't go far enough. ...

FDIC Head: New Mortgage Plan Not Enough

AP | ALAN ZIBEL | Posted 03.26.2009 | Business


WASHINGTON — Once again, the government has offered another plan to help troubled homeowners. Once again, critics say it doesn't go far enough. ...

Streamlined Modification Program: The New Homeowner Bailout From Fannie Mae And Freddie Mac

AP | ALAN ZIBEL | Posted 03.26.2009 | Business


WASHINGTON — Once again, the government has offered another plan to help troubled homeowners. Once again, critics say it doesn't go far enough. ...

Why Should I Care About the Nice Guys When the SOB's Have Screwed Up the Economy?

Russ Edelman | Posted 03.26.2009 | Business


Russ Edelman

By learning how to speak up, confront situations and make choices, overly nice guys can help break the downward slide in this economy.

Culture Zohn: Terms of Endearment, or Why the Collapse of the Financial Markets is Just Like Love

Patricia Zohn | Posted 03.26.2009 | Business


Patricia Zohn

I am still imagining this whole thing to be a physical thing -- something you can get your arms around, like a guy -- and soothe, by whispering sweet nothings in his ear.

Threatening Letters Sent To Chase CEO

ABC News | BRIAN ROSS and RICHARD ESPOSITO | Posted 03.26.2009 | Business


The U.S. Postal Inspection Service posted a $100,000 reward late Wednesday for information about a flurry of threatening letters sent to JP Morgan Cha...

Buddy, Can You Spare $250,000,000,000?

Fortune's Stanley Bing | Posted 03.26.2009 | Business


<i>Fortune</i>'s Stanley Bing

Today we can add another group to the list of those who require intercession by We the People: Big Banks that have mismanaged the deposits entrusted to them by their customers.

Free Enterprise? Buffett Counts On Bailout

Robert Reed | Posted 03.26.2009 | Business


Robert Reed

Don't kid yourself, Buffett knows the score. That's why he favors a bailout! Believe me, without the distinct possibility of a taxpayer rescue, Buffett doesn't go anywhere near Goldman, GE or anything else.

Bailout a Done Deal, So What Happens Now?

Henry Blodget | Posted 03.26.2009 | Business


Henry Blodget

Now that the government has been terrified into rubber-stamping the Wall Street bailout, what happens now? I wish the news were better, but in opinion, here's the most likely scenario.

McCain and Obama's Wall Street Greed Team

Earl Ofari Hutchinson | Posted 03.26.2009 | Politics


Earl Ofari Hutchinson

Team Obama has matched and in some cases exceeded Team McCain in the mad dash to bundle cash from Wall Street with one even more troubling note.

Speed is of the Essence, But So is the Right Solution

Neil Grossman | Posted 03.26.2009 | Business


Neil Grossman

Instead of buying bad debts from financial institutions at a relatively arbitrary price, I suggest we do the following.

Momonomics 102: The Wile-E Coyote Bailout

Robyn O'Brien | Posted 03.26.2009 | Business


Robyn O'Brien

How does that impact a family in Houston or a farmer in Iowa? It means that it is going to become harder to borrow money since the banks don't want to make loans.

Freddie Mac, When Are You Coming Back?

Danny Schechter | Posted 03.26.2009 | Business


Danny Schechter

As housing implodes, is our nation at an economic tipping point?