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.
HuffPost's QuickRead
Spin the Bottle for Barack's Cabinet Positions
Round and round it goes and where it stops nobody knows. Who will be the next Secretary of State for President Elect, Barack Obama? Will it Senator Jo...
Wall Street's Meltdown: An Executive Summary
Lehman's demise was driven by timing. Its fiscal quarter ended on August 31, so it was compelled to report $7 billion in losses on mortgage backed securities sooner than other banks.
Wagging the Dog With Fannie Mae: Republicans Explain the Financial Crisis With Racist Mythology
Into a void of understanding, Republicans have sought to absolve themselves of blame with a racist mythology that has gone viral.
Do Paulson and Bernanke Doom McCain's November Chances?
By promoting the mother of all financial bail-outs, Hank Paulson has all but mocked McCain's recent anti-bailout rhetoric and heightened a growing awareness of the disastrous Republican policies on Wall Street.
Not a Bailout - A Rescue
If credit dries up and there is no plan, more of your neighbors will lose their homes. Those homes will sit empty because potential buyers will not be able to come up with financing.
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.
Paulson Deal Cheats American Taxpayers
We need to bury the philosophy that worships only business, free markets, deregulation and free trade, and replace it with an economic program that rebuilds the middle class.
Fixing the Economy, from the Bottom Feeders Up
I'm not sure where the payday lending businesses came from, but they populate poor neighborhoods everywhere. It's time to help people on the low end, too.
1-888-995-Hope: Hope For Housing Markets?
Locking people who are struggling into rates now -- ahead of massive downward rate pressures -- may not be the gift of century.
Merritt-ocracy: The Paulson Sporting Doctrine
Like father, like son. Meet Merritt Paulson, the offspring of Henry Paulson. While his father is demanding $700 billion of our money to bail out the banks, Merritt wants his own little piece of our hide.
"J'Accuse!": This Administration's Crony Bailout Bonanza for Wall Street
The government, under Mr. Paulson's fine hand, was paying twice as much as needed to be paid when compared to the sums Warren Buffett negotiated for a similar investment in Goldman Sachs.
Even Warren Buffett Agrees: Bernanke Bailout Price Plan A Joke
To suggest that a tiny team of public servants can glance at the assets, determine a fair price, and then not get taken to the cleaners is absurd.
Goldman's Revolving Door: Who is Protecting Whom?
Goldman went on a shopping spree buying up mortgages -- yours, mine and your neighbors, and bought 8,274 of them.
Walking the Tightrope: Obama Ready to Take Action But Not Yet In Charge
The contrast in images Monday was stark. Obama was surrounded by his quartet of top economic advisers and dozens of media in Chicago, while President Bush was at the Treasury, with Henry Paulson at his back.
The Economy Will Be Fine. No, I'm Being Serious.
You had to know we were borrowing too much when commercials trumpeting "My credit score is 720!" were abundant. When your financial goal is a higher credit score a bad outcome is probable.
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This is North v. South, in every imaginable way. Something tells me that the citizens of Alabama don't want Michiganders moving down South and taking their jobs. That's exactly what would happen if the Big 3 are allowed to die.
The bailout money was to go to BRAZIL, not Detroit. I tried to post a link to the Latin American Herald article but it got caught in moderation. Bottom line: the bailout would not have helped the workers here.
Nice attempt to spin it, but the money GM was asking for was going to BRAZIL, not Detroit:
http://www.laht.com/article.asp?CategoryId=14090&ArticleId=320903
So how would this have helped OUR workers, again?
We're beginning to see that this is regionalism gone very wrong. Bail out NYC (finance) but to hell with Detroit (industry). Or just more union bashing. We should be writing headlines such as "Non-union workers destroy America" (unless there is a hedge-fund mangers local I am unaware of).
Very good article. I couldn't have said it better myself. How much will the American people put up with from this government? When is the breaking point? Too many people sitting around watching their big screen tvs when they should be standing up and shouting ENOUGH is ENOUGH for Wall Street. It's long past time to help MAIN Street.