by Alternet Global Research, September 23, 2008 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 wants to borrow $700 billion dollars — in addition to the $900 billion [...]
Archive for September 26th, 2008
26 Sep
How to Rescue Main Street and Wall Street
Center for American Progress Fair and Effective By Ed Paisley | September 23, 2008 Download this graphic (pdf) The global financial crisis caused by the Bush administration’s utter failure to supervise our mortgage lending and financial markets properly can only be fixed by going to the root of the problem?the ailing U.S. housing market. The [...]
26 Sep
Real Solutions to the Financial Crisis
Center for American Progress SOURCE: AP/Manuel Balce Ceneta Federal Reserve Chairman Ben Bernanke, right, and Treasury Secretary Henry Paulson, testify on Capitol Hill in Washington, Sept. 24, 2008, before the House Financial Services Committee. By Andrew Jakabovics | September 25, 2008 Let?s be clear: The heart of the underlying problem now facing Wall Street is [...]
26 Sep
Vets With ALS to Get VA Benefits
September 26, 2008 McClatchy-Tribune Information Services The Department of Veterans Affairs has published new regulations that designates amyotrophic lateral sclerosis — ALS — commonly called Lou Gehrig’s Disease, as a service-connected disease. The measure will provide full access to health and disability benefits to all veterans with ALS. “Veterans are developing ALS in rates higher [...]
26 Sep
Good News For PALS
Two important victories for those of us with ALS. It’s Now Official!!! VA to Grant Benefits to All Veterans with ALS ALS Registry Act on its way to President’s Desk! Visit my ‘Understanding ALS’ page for more Information.
26 Sep
Sarah Palin’s Very Bad Interview
By AlterNet Staff, AlterNet. Posted September 26, 2008. The more time Sarah Palin spends on the national stage, the worse she gets. The first half of the Katie Couric interview with Sarah Palin did not start off well. It was a complete disaster in fact. It’s like watching a train wreck, she seems to have [...]
26 Sep
Protesters Take Their Outrage to Wall Street
By Steven Wishnia, AlterNet. Posted September 26, 2008. Enraged by the prospect of $700 billion of their taxes going to speculators, hundreds of protesters hit Wall Street on Thursday. Enraged by the prospect of $700 billion of their taxes going to reimburse Wall Street speculators for their dubious investments, about 500 protesters paraded through Lower [...]
26 Sep
Bailout Backlash: Five Surprising Things That Happened on Thursday
By AlterNet Staff, AlterNet. Posted September 26, 2008. Protests on Wall Street … White House pow-wow flops … Bailout plan implodes … Obama will attend debate … McCain’s suspended campaign stunt. Even news junkies had a hard time keeping up with a flurry of events on September 25 on Wall Street, Washington and the presidential [...]
26 Sep
Away from Wall Street, Economists Question Basis of Paulson’s Plan
FROM THE ACADEMICS Treasury Secretary Henry M. Paulson Jr.’s rescue plan rests on the government buying troubled mortgage securities. (By Nikki Kahn — The Washington Post) By Neil Irwin and Cecilia Kang Washington Post Staff Writers Friday, September 26, 2008; Page A01 The Bush administration’s pitch for a sweeping bailout of the financial system has [...]
26 Sep
Drama King to the Rescue
By Eugene Robinson The Washington Post Friday, September 26, 2008; Page A23 John McCain is rapidly making his temperament an inescapable issue in the presidential campaign. Does the nation really want so much drama in the White House? McCain’s performance in recent days has been, to put it charitably, erratic. In an attempt to show [...]
26 Sep
Hundreds of Economists Urge Congress Not to Rush on Rescue Plan
Sept. 25 (Bloomberg) — More than 150 prominent U.S. economists, including three Nobel Prize winners, urged Congress to hold off on passing a $700 billion financial market rescue plan until it can be studied more closely. In a letter yesterday to congressional leaders, 166 academic economists said they oppose Treasury Secretary Henry Paulson’s plan because [...]
