government

The uproar by American taxpayers about the Paulson Bailout plan is likely to torpedo this plan. Even amongst Republican lawmakers, the plan is looking like a complete bust.Just moments ago, President Bush was on TV asking for American…

"Section 8. Review. Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency."Sounds like Paulson wants…

While you have your eye firmly peeled on the financial mess splayed in front of you, other industries are busy setting themselves up to profit from close business ties to the Bush Administration before a new Sherriff comes to town.The…

I have taken my time to let the basics of the Paulson Plan seep in before I rushed to judgment. But, the time to judge has come and the plan comes up short on all counts. His plan is geared more toward Wall Street and protecting the…

Hank Paulson seems to be everywhere these days. However, it does seem that U.S. President George W. Bush has vanished since the credit crisis began.The result? The lowest approval rating of the Bush Presidency, with a full 78%…

The meltdown of the world's largest insurer AIG (AIG) makes the stakes of this credit crisis plain to all. In my view, the AIG situation and the subsequent turmoil in financial markets could have been avoided. The markets were clearly on…

Edward Harrison here.In the last post, Marshall commented on the need for the U.S. Presidential candidates to show their mettle in a time of financial volatility. As I write this, the Dow Jones Industrial average has just finished the day…

I just read a post on the blog Duck's Pond about how the crisis in health care in the U.S. will lead to some sticky problems for baby boomers. It's an interesting take because it's not the straightforward…

Apparently the U.S. House of Representatives is looking to get another stimulus package going. In the wake of a financial meltdown, the U.S. Government has decided to act forcefully and take a stand against the forces buffeting the U.S.…

The post-mortems on Fannie and Freddie are flying in. It seems like it is almost non-stop Fannie and Freddie. Let me add to those voices with a bit of a twist: the bailout of Fannie and Freddie was as much a political move as it was a…