By AlterNet Staff, AlterNet. Posted September 23, 2008. Here’s a roundup of what opponents of the Bush-Paulson plan are saying. The Bush administration’s proposal to bail out some of Wall Street’s biggest players with an unprecedented transfer of public wealth to the private sector sent shock-waves throughout the nation. Already deep in deficit, the administration [...]
Archive for September 23rd, 2008
23 Sep
The blank-check buyout
September 23, 2008 GLOBE EDITORIAL WHEN CONGRESS makes laws at gunpoint, good policy is rarely the result. Consider the crush of legislation after the Sept. 11 terrorist attacks, which produced an unwieldy Transportation Security Administration and misallocated antiterrorism grants. Now the Bush administration, in its understandable haste to calm the markets amid a meltdown on [...]
23 Sep
RETIREES FILLING THE FRONT LINE IN MARKET FEARS
By John Leland And Louis Uchitelle NY Times September 23, 2008 Older Americans with investments are among the hardest hit by the turmoil in the financial markets and have the least opportunity to recover. As companies have switched from fixed pensions to 401(k) accounts, retirees risk losing big chunks of their wealth and income in [...]
