Monday 22 September 2008 by: Matt Renner, t r u t h o u t | Report Representative Barney Frank, chairman of the House Financial Services Committee, has entered into negotiations with the Bush administration over the Wall Street bailout. (Photo: Getty Images) Washington, DC – Push back against the massive $700 billion Wall [...]
Archive for September 22nd, 2008
22 Sep
Ten Reasons Why Bush’s Proposed Bailout Is Larceny
Submitted by davidswanson on Mon, 2008-09-22 19:46. Media Taxpayers Foot the Bill, Bankers Keep Profits and Compensation By Deborah White, About.com Armed with fearfully catastrophic predictions reminiscent of the rushed run-up to the Iraq War, the Bush White House now insists that complete collapse of the world economy is imminent if the Bush administration isn’t [...]
22 Sep
CASH FOR TRASH
Monday, 22 September 2008 by: Paul Krugman, The New York Times Is the $700 billion bailout a “cash-for-trash” deal? Some skeptics are calling Henry Paulson’s $700 billion rescue plan for the U.S. financial system “cash for trash.” Others are calling the proposed legislation the Authorization for Use of Financial Force, after the Authorization for Use [...]
22 Sep
A Prescription for Recovery
By Robert H. Dugger The Washington Post Monday, September 22, 2008 This week, Congress is expected to commit hundreds of billions of taxpayer funds to a revitalization program to halt our financial hemorrhaging. Twenty years ago, in the midst of another financial crisis, I was part of a banking industry effort to solve the savings [...]
22 Sep
The Confidence Game
By Robert J. Samuel-son The Washington Post Monday, September 22, 2008; Page A15 It’s doubtful that Princeton University economist Ben Bernanke and former Goldman Sachs CEO Hank Paulson imagined what awaited them when they took charge of the Fed and the Treasury, respectively, in 2006. Since then, they have put their agencies on a wartime [...]
22 Sep
The $700 Billion Bailout: One More Weapon of Mass Deception
By Richard W. Behan, AlterNet. Posted September 22, 2008. The American economy needs help, but there are other, far more equitable ways to accomplish it. Not since the Bush administration’s lies about Iraq’s “weapons of mass destruction” have the American people been so despicably misled. The Bush administration’s proposal to buy, with taxpayers’ money, $700 [...]
22 Sep
As Hill Debates Bailout, Wall St. Shifts Continue
Paulson, GOP Oppose Democrats’ Proposal to Limit Executive Pay Senate Banking Committee Chair Christopher Dodd, at right with Sen. Charles Schumer, says it might be possible may meet approve the bailout by Friday, but it might take longer. (By Richard A. Lipski — The Washington Post) By Lori Montgomery and David Cho Washington Post Staff [...]
22 Sep
Sarah Palin’s Troopergate Scandal Reveals Her Fundamentalist Street Cred
Anchorage Daily News and Election Confidential. Posted September 21, 2008. Shedding further light on Palin’s pattern of advocating Christian right ideology and her ties to the movement. Editor’s note: This is a round-up of two key articles that reveal more about Palin’s Christian Right ties. Kopp Hiring Proved Palin’s Fundamentalist Street Cred by Alan [...]
22 Sep
The Middle Class Must Not Be Forced to Bail Out Wall Street
By Sen. Bernie Sanders, AlterNet. Posted September 21, 2008. If the economy is on the edge of collapse we need to act. But we can’t just give away $700 billion of taxpayer money to the banks. For years, as a member of the House Banking Committee and now as a member of the Senate Budget [...]
22 Sep
RNC Charges Dropped Against Amy Goodman and Democracy Now! Producers
Posted by , Democracy Now! at 4:00 PM on September 19, 2008. Lawyer: “record-breaking number of journalists indiscriminately arrested for doing nothing more than performing in the best tradition of reporters” The St. Paul City Attorney’s office announced Friday it will not prosecute Democracy Now! journalists Amy Goodman, Sharif Abdel Kouddous and Nicole Salazar. St. [...]
