Bipartisanship in the Bailout: When Does the New Treasury Secretary Start?
Given this history and the severity of the crisis facing the economy, how about a little reciprocity?
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Jeff Faux: Let's Buy a Bank
he US government should buy and keep outright ownership of at least one major bank to in order to have a window into the innards of the financial system.
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Wall Street Bailout Won't Do Much to Help Ailing Economy
The worst part about the bailout is that some politicians will say we can't afford the necessary stimulus because we just added $700 billion to the national debt.
The World Is at Severe Risk of a Global Systemic Financial Meltdown and a Severe Global Depression
It will take a significant change in leadership of economic policy and very radical, coordinated policy actions among all advanced and emerging market economies to avoid this economic and financial disaster.
Right Now, Propping Up the Banks Is the Only Thing
Right now restoration of financial confidence isn't everything. It's the only thing. So for the time being, we can forget about Troopergate, hecklers at McCain rallies and the latest opinion polls.
Is There A 12-Step Program For CNBC Addicts? Nowhere To Hide
While my usual plan is to hit the vintage shops in South Beach, you know I'm feeling the lack of a paycheck when I obviously am fearful of buying Walgreen's $9 flip flops. In fact, other than sunshine and palm trees, I'm still watching CNBC from either my bed or my gym.
Seven Truths About the Sky Falling
Today, it's not all we have to fear, but fear itself is driving this thing the wrong way. We need to settle down. Suspend disbelief.
Monstrous Deals
For many companies working with Chinese firms on online products and services the hidden cost inherent in sticky ethics often emerges snarling.
Blaming the Poor
Let's get real here: People borrowed because they were presented with offers they couldn't refuse. They were told that home ownership was the path to prosperity and a chance to realize their dreams.
How to Keep Americans in Their Homes
Washington should undertake a massive, temporary buyout of residential real estate in order to save its economy from years of turmoil and credit crisis.
"Trust" in the Economy and Electoral Politics
The problem with the politics of attack that the Rovesque McCain-Palin ticket is now employing, and the problem with Obama's defense through recrimination, is that both strategies erode trust in democracy itself.
Optimists Anyonymous!
What we actually need to do is to clear away the wreckage, learn the important lessons about why you can't make risk simply disappear, and start dreaming again.
Compensation Clash in the Making
How does the US government explain that the salaries of the people who brought us all down deserve to be so much higher than their own?
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