bank bailouts

Jennifer Rubin: Thank Bush And Paulson For Saving U.S. From Great Depression
The Washington Post's Jennifer Rubin admits we were heading into a second Great Depression when President Obama took office, but says give Bush and Paulson credit for saving us, not the stimulus package. Read more...
Amity Schlaes sells Calvin Coolidge as the hero of the Great Depression, not the goat -- and Face The Nation host Bob Shieffer lets her. Read more...
While the Toronto Casseroles parade is fading, Vancouver's is only getting started. Last week, Vancouver Casseroles in solidarity with the Quebec Students and against the austerity of Cherest and Harper took the Cambie Bridge from both Read more...
For all the fearmongering we hear out of our politicians on the right about how heaven forbid we're going to turn into Greece, the one country you never hear them talk about any more is Iceland. The reason they don't is, as Cenk Uygur explained on his show this Tuesday, they took a different path than the United States after their financial crisis and nationalized the banks, threw some the people responsible for the crash in jail and bailed out the homeowners instead of worrying about only bailing out the banks. And now they're coming back and their economy is growing again. Read more...
Shortly after Jamie Dimon's appearance on Fox last month, PBS's Bill Moyers had former Chairman of the Board of Governors of the Federal Reserve System and head of President Obama’s Economic Recovery Advisory Board, Paul Volcker, whose namesake is Read more...

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Apparently the moderators at the Fox South Carolina Republican presidential debate didn't think it was worth calling Mitt Romney out, or didn't do their homework, heaven forbid when they let him repeat his hypocrisy on whether the TARP bailouts were a "slush fund." Color me not shocked that the crack team of "reporters" over at Fox didn't catch this one. Read more...
In the New York Times magazine this last Sunday with the unintentionally hilarious title "What the Left Doesn’t Understand About Obama," editor of The New Republic, Jonathan Chait has a whopper in the very first paragraph (emphasis is Read more...
A Word Or Two From FDR About Budgets And Bailouts - 1935
(FDR - keeping it plain and simple) Note: This is a post from last year, but considering the current state of the budget, is more than timely. On November 29, 1935 President Roosevelt delivered an address to a crowd estimated at 100,000 in Read more...
It's long, go read the whole infuriating thing. Matt Taibbi in Rolling Stone talks about how the Fed bailout was manipulated to benefit connected people who were already rich: But if you want to get a true sense of what the "shadow budget" is Read more...
From Democracy Now -- Nobel Economist Joseph Stiglitz on Obama’s Stimulus Plan, Debt, Climate Change, and “Freefall: America, Free Markets, and Read more...