Obama Needs an FDR-Style Public Works Program
There is a fraternity-like mentality that exists among corporate CEOs. There is an illusory standard of what "moral" or "legitimate" actually means in decision making for that elite crowd.
HuffPost's QuickRead
While Paulson Waffles, the White House Dawdles, and Congress Dithers, the Economy Continues to Burn.
So, $290 billion into his bailout plan, Hank Paulson is calling for a do-over. Now there is a confidence booster -- it shows just how uncertain Washington is about how to keep the economy from imploding.
Audit the Books!!!
The first thing Obama should do to get the economy back on track is publicize the financial record of the Bush Administration. Every business knows that "if you can't measure it, you can't manage it."
Hank to Homeowners: Drop Dead!
Addressing homeowner woes is apparently too complicated, so Hank Paulson wants to move on to massive infusions for big banks and help for student loans and consumer credit. This strategy is mystifying.
Parting Gifts
Different judgments about the intentions of Bush senior in the transition period can be reached. In the sequel, however, it is becoming ever clearer that Bush junior is devoting his last days in power to a final orgy of cronyism.
Stripping Paulson of His Remaining Power & Money [Update]
Now, with bipartisan congressional anger mounting, we may see a forceful legislative campaign to take back what remaining money Paulson wants to give away to his friends on Wall Street.
Change We Can Bank On
This is not change we can believe in -- not if Robert Rubin or his protégé, Lawrence Summers, get to call the shots on the economy in Obama's incoming administration.
Objects in Mirror Seem More Relevant Than They Appear.
What should Washington do when the Motor City begs for oil? The question, it seems, is not "to bail out or not to bail out." The question is how to bailout.
The Big Heist
If we are to believe this story taxpayers were forced to give away hundreds of billions of dollars to banks that actually weren't experiencing nearly the credit crisis they and our government officials claimed.
The New World Economy
The financial balance of power is shifting. China, Brazil, even Japan can all claim more sound economies than the United States. They expect a voice, and they are not asking permission.
Meet the $700 Billion Bailout Czar, Neel Kashkari
There is a new Czar in America -- the man who will be running the $700 billion budget bailout/rescue program -- assistant secretary of the Treasury for International Affairs, Neel Kashkari.
Fearing Rejection, Bush Backs Off Bailout Request
Per my post earlier today, this is huge news if it holds: Nov. 17 (Bloomberg) -- The Bush administration told congressional aides it won't ask lawma...
Class Warfare with a TARP
It stands for Troubled Asset Relief Program, but the first word should really be Troubling. The haste with which it was created... is the best evidence of its flawed nature.
Hammering Hank Paulson: "No Homework" Media Prefers to Bash
One of the more interesting aspects of the economic crisis is that it has forced the mainstream media to confront a financial world that, frankly, it ...
Calling Paulson's Bluff
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.
The Bungled Bailout (Or the Perils of Paulson)
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.
Most Popular Henry Paulson Stories
Realtime conversations about
Henry Paulson
Henry Paulson
- jonerp
about 27 minutes ago
- ChristianFaure
about 2 hours ago
- FeedTheBull
about 3 hours ago
- jorgebueno
about 4 hours ago
- prbird
about 4 hours ago
Links From Digg, Delicious, and Google Blogsearch
Links
- Dean Baker: Will Henry Paulson Sink Detroit?
- TPMCafe | Talking Points Memo | Washington Post Shills for Henry ...
- Michelle Malkin » Why Henry Paulson must be “contained”
- New York - Henry Paulson ends bailouts, saying, 'Mission ...
- For the Record: Remarks by Secretary Henry M. Paulson, Jr. at The ...
- Paulson Cautions Against Onerous Regulation - Economy * US * News ...
- Text: Henry Paulson Testimony before House Financial Services ...
- HP-1265: Remarks by Secretary Henry M. Paulson, Jr. on Financial ...
- The Summer Camp Letters of U.S. Treasury Secretary Henry Paulson ...
- More on Henry Paulsons Bailout Update - Mergers, Acquisitions ...
- The National Expositor - Paulson Was Behind Bailout Martial Law Threat
- MyFox Boston | Paulson: Crisis Happens Once or Twice in 100 Years
- Treasury Secretary Paulson: Crisis Happens Once Or Twice In 100 ...
- Treasury Secretary Paulson answers questions about the economy at ...
- Charlie Rose - A conversation with Henry Paulson, United States ...
- Paulson calls for regulating everyone and everything (Dealscape)
- Paulson Cautions Against Overregulation | Business Finance & Economy
- Henry Paulson fails to add confidence to markets
- Taking Stock of Henry Paulson - Newsweek | ah!
- FDIC chief renews calls for foreclosure relief - BostonHerald.com
- Paulson Should Halt Wall Street Bonuses
- Neil Gaiman Exclusive: Coraline, a Dr. Strange Update & More
- Goldman Sachs is getting the best of the credit crisis
- Wall$treet And The Financial Games From The 80's
- Treasury Now Wants to Bailout FOREIGN Banks
- Stardust evidence points to planet collision
- Paulson's New Plan: Dump Wall Street's Trash on Main Street
- Henry Rollins and Charles Manson were pen pals
- Only In America: Son Of Undocumented Immigrant Wins Gold
- Attorney General threatened with contempt for Plamegate file
Congress extends jobless benefits, stocks sink
Want to reply to a comment? Hint: Click "Reply" at the bottom of the comment; after being approved your comment will appear directly underneath the comment you replied to
Wall Street, long masquerading as a bastion of economic fortitude, has finally been revealed as nothing more than a Ponzi Scheme that has folded liike a house of cards and, a whole lot of folks should be charged under section 1964(c) of the RICO Act and sent to jail.
I'm starting to think this was all about maintaing the viability of a lucrative instrument financial institutions had developed ... the credit defautlt swap. Some dweeb has run the numbers and figured out they can make a lot of money just betting on whether a bundle of bonds is going to go under and doesn't want congress outlawing them.
These clowns just do not get it.
This is something, new, different and like nothing any of them have ever dealt with before.
Dropping the interest rate, has not worked so far and even if they make it zero, things are not going to change. The best case, is stocks will go up just long enough for a select few to make a few bucks and then it will drop again.
Time to change your game book guys, because the old one is not working any more.....
Businesses will retrench themselves with a smaller footprint that's all. The economy of scale argument the idea that businesses have to be big has failed. Business that big have a fatal flaw ... they put economies at risk as they fail.