Why Geithner's Banking Fix Won't Work
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.
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.
Gail Vida Hamburg | Posted 01.22.2009 | Business
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?
Disgrasian | Posted 12.24.2008 | Media
Last week, Neel Kashkari appeared before Congress, where he was called a "chump" by Maryland Dem Elijah Cummings.
Leonce Gaiter | Posted 11.13.2008 | Home
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!
HuffingtonPost.com | Jason Linkins | Posted 11.02.2008 | 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...
HuffingtonPost.com | Jason Linkins | Posted 11.01.2008 | 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,...
HuffingtonPost.com | Jason Linkins | Posted 10.31.2008 | 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 ...
David Sirota | Posted 10.30.2008 | Politics
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?
Matt Miller | Posted 10.28.2008 | Politics
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.
David Bromwich | Posted 10.26.2008 | Politics
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.
Robert Kuttner | Posted 10.25.2008 | Politics
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.
HuffingtonPost.com | Jason Linkins | Posted 10.23.2008 | 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...
Pete Cenedella | Posted 10.23.2008 | Business
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.
Robert Kuttner | Posted 10.22.2008 | Business
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.
McClatchy Newspapers | Kevin G. Hall | Posted 04.07.2008 | 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...
Henry Blodget | Posted 03.15.2009 | Business