BloggingStocks 9/24/08 5:44 PM Peter Cohan moccasin Senator John McCain (R-AZ), 73, is pulling out of this Friday’s presidential debate and “suspending his campaign” citing his decision to focus on “the economic crisis,” reports MSNBC. But as recently as last week McCain said, “the fundamentals of our economy are strong” as the Dow fell 300 [...]
Archive for September 24th, 2008
24 Sep
The American people to Wall Street: Drop dead
BloggingStocks Posted Sep 24th 2008 11:35AM by Jonathan Berr? It’s official: Main Street does not believe that Wall Street deserves a $700 billion rescue from Congress. By a margin of 55% to 31% in a Bloomberg/Los Angeles Times poll, American said that they don’t believe the government should “bail out private companies with taxpayer [...]
24 Sep
Conflict Of Interest? Report Says Goldman Sachs ‘Among Biggest Beneficiaries’ Of Paulson?s Bailout
Think Progress Think Progress In making his push to administer the largest federal bailout of Wall Street in history, Treasury Secretary Henry Paulson is seeking unfettered authority. McClatchy poses the question today, “can you trust a Wall Street veteran with a Wall Street bailout?,” referring to Paulson, the former CEO of Goldman Sachs: But [...]
24 Sep
Five Dangerous, Disastrous Things About the Proposed Bailout and What You Can Do to Help Stop It
By AlterNet Staff, AlterNet. Posted September 23, 2008. You can help stop the economic hijacking before it’s too late. The Bush era has been a period of one outrage following the next, but the administration’s bailout of Wall Street’s wheeler-dealers is the most outrageous yet! Bush’s parting gift to the fat cats who [...]
24 Sep
Let me see if I have this straight…..
I’m a little confused. Let me see if I have this straight….. * If you grow up in Hawaii, raised by your grandparents, you’re “exotic, different.” * Grow up in Alaska eating mooseburgers, a quintessential American story. * If your name is Barack you’re a radical, unpatriotic Muslim. * Name your kids Willow, Trig and [...]
24 Sep
An Open Letter to the U.S. Congress Regarding the Current Financial Crisis
September 22, 2008 John P. Hussman, Ph.D. In 2006, the president of the Federal Reserve Bank of St. Louis noted ?Everyone knows that a policy of bailouts will increase their number.? This week, Congress is being asked to hastily consider a monstrous bailout plan on a scale nearly equivalent to the existing balance sheet of [...]
24 Sep
I Come to You, Cashmere Hat in Hand . . .
Hank Paulson, $1 trillion panhandler. (By Nikki Kahn — The Washington Post) By Dana Milbank Wednesday, September 24, 2008; The Washington Post, Page A03 “I don’t like to be in this position, asking for things and, you know, answering to the American taxpayer,” Treasury Secretary Hank Paulson informed the Senate banking committee yesterday. His discomfiture [...]
24 Sep
Alternative Solutions Diverge From Administration’s Approach
By Anthony Faiola and David Cho Washington Post Staff Writers Wednesday, September 24, 2008; Page A01 To hear Henry M. Paulson Jr. and Ben S. Bernanke tell it, there is only one plan to save the economy — use $700 billion in taxpayer money to take the worst of Wall Street‘s assets off its books. [...]
