Advice To Team Obama: Keep FDIC's Bair
Some infighting is considered good sport, even in the Obama era. But pushing out Federal Deposit Insurance Corp. Chairman Sheila Bair is not a wise, nor politically astute, decision.
HuffPost's QuickRead
Dear Hank (A Letter to the Departing Treasury Secretary)
It has been over six years since I left Goldman Sachs where I had the honor of working for you. I am sorry that your time serving our great country was not more of a rewarding experience for you.
Maddow Busts Morgan Stanley Board Member for Lack of Transparency
In the name of transparency, Rachel Maddow went back and clarified that a bailout-justifying guest of hers actually had a blatant conflict of interest.
The World Has Cast Their Vote: The Confidence Man (Part Two)
Entering in your buy or sell order is effectively casting your vote. Either things are not so bad, so hold on to your stocks and just keep on spending, or, Houston, we have a problem.
The Confidence Man
Help America spend our way out of a problem created by too much spending? Only in America.
We're in a "Repression": The Economics of Shame
Perhaps we're better off thinking of our current state of economic ennui not as a recession or a depression, but as a "repression."
How About A Madoff Victim Bailout?
Looking over the list of poor saps who were hoovered into the Madoff money vacuum, it occurred to me that we might have found an excellent beneficiary of some the remaining bailout bonanza.
Bush Punts Auto Industry to Team Obama; UAW Concedes Even More
This "agreement" is just another part of the recent "Bush/Cheney Revisionist History Farewell Tour." It was created to fail, just as long as that failure didn't happen while Bush was still president.
Hope for Homeowners? Not So Much
According to the Mortgage Bankers Association, some 1.2 million homes were in foreclosure during the second quarter of 2008, and that number is expected to increase.
The Bailout Plan: Welcome to Economic Shock and Awe
In the battle over the proper role of government, the high priests of the church of the Free Market -- including Bush, Paulson, and the Masters of Wall Street -- have suffered a monumental defeat. So why are we allowing them to dictate the terms of their surrender?
Obama Floats Through Teapot Tempests
Why does Obama have Rick Warren delivering the invocation? Politics, naturally. It's a way to keep slicing off some of what has traditionally been a Republican vote.
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.
Quickfixonomics: Fannie Mae And Freddie Mac?
Mortgage giants are in deep trouble already. To include them in quickfixonomics would be an irresponsible act.
Atlas Shrugged: A Reaction to the Paulson Plan (From A Former Goldman Partner)
What this really signals is the beginning of the end of the United States as the financial capital of the world. Should you worry? Yes.
This Federal Bailout Proposal is a Disaster
I am so mad about this proposed federal bailout of Wall Street, I can't see straight. Do you understand what they're going to do? They are about to st...
White House Still "Gathering Information" While Detroit Suppliers go Bankrupt
Even Bush doesn't want to go down in history as the man who oversaw the destruction of GM, Ford and Chrysler (I hope), and I'd guess Obama wishes he could install his own new team now and fire Paulson.
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There are laws they are violating. RICO can pull them all in. We have built enough jails for the folks who use drugs, now let them out and put these guys in.
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