All

Tax Cuts Won't Work Yesterday's fixes can't help this economy Daniel Gross Feb 13, 2009 | Updated: 9:30 a.m. ET Feb 13, 2009 The congressional debate over the stimulus package may be over, but the larger debate isn't. Many critics of the bill, which contains a mix of tax cuts and government spending, believe that the government spending part just...

Waging War on the Rich Don't blame liberals. The wealthy are hurting themselves. Daniel Gross Newsweek Web Exclusive Mar 10, 2009 | Updated: 11:16 a.m. ET Mar 10, 2009 Last week, I wrote that the Republican claim that Obama is fighting a war against the rich was bogus. Over the weekend, I thought better of it. It turns out there...

http://www.dailymail.co.uk/femail/article-1024927/The-wife-John-McCain-…

http://www.profitsharinguprising.com/

http://www.cnbc.com/id/29598949

An Odd Post-Crash Couple Spurning Obama, McCain and Cantwell propose resurrecting Glass-Steagall to break up Wall Street. By Michael Hirsh | Newsweek Web Exclusive Dec 15, 2009 John McCain lost the 2008 presidential election because of the financial crisis—at least that's what his chief strategist, Steve Schmidt, suggested. "We were three points ahead on Sept. 15 when the stock market...

Sorry if this is a repost however I believe it is that important of an article. The author was interviewed on Joe in the Morning on MSNBC...he researched his topic very well and does a great job of explaining things plainly along with the prerequisite F and S bombs. The article is too long to put within this post however...

How Deregulation Spawned the U.S. Financial Crisis January 14, 2009 By Shah Gilani No one person is responsible for the credit crisis, the failure of investment banks, the insolvency of commercial banks world-wide, the implosion of the world’s stock markets, or for leading us to the precipice of another great depression. The truth is there were many. Fundamental and pragmatic...

pissed after watching this I don't know what to say. Especially given Larry Summers and Tim Geitner are still advising the current President given their association with actions that brought on the recent near meltdown of our financial system. http://www.pbs.org/wgbh/pages/frontline/warning/view/

Volcker: Crisis May be Even Worse than Depression Reuters | 20 Feb 2009 | 03:34 PM ET The global economy may be deteriorating even faster than it did during the Great Depression, Paul Volcker, a top adviser to President Barack Obama, said on Friday. Volcker noted that industrial production around the world was declining even more rapidly than in the...

http://www.msnbc.msn.com/id/26803347

Republican Senator Lindsey Graham, who sits on the Senate Budget Committee, said he wouldn’t reject the idea of nationalizing U.S. banks. Graham Wouldn’t Reject Idea of Nationalizing Banks By Cary O’Reilly Feb. 15 (Bloomberg) -- Republican Senator Lindsey Graham, who sits on the Senate Budget Committee, said he wouldn’t reject the idea of nationalizing U.S. banks. “I’m very much afraid...

http://www.dailykos.com/storyonly/2009/2/9/234340/6189/142/695504

http://www.andrys.com/palin-kilkenny.html

A credit default swap (CDS) is a contract in which a buyer pays a series of payments to a seller, and in exchange receives the right to a payoff if a credit instrument goes into default or on the occurrence of a specified credit event, for example bankruptcy or restructuring. The associated instrument does not need to be associated with...

DECEMBER 27, 2004 ECONOMIC VIEWPOINT By Robert Kuttner What Killed Off The GOP Deficit Hawks? "The Republicans are now the ones making excuses for big deficits" Last month, I posed a rhetorical question: Whatever happened to fiscally prudent Republicans? The question deserves a proper answer. In the early 1990s the bipartisan, business-led Concord Coalition made the accumulated Reagan-Bush deficits a...

Credit Default Swaps: The Next Crisis? By Janet Morrissey Monday, Mar. 17, 2008 As Bear Stearns careened toward its eventual fire sale to JPMorgan Chase last weekend, the cost of protecting its debt, through an instrument called a credit default swap, began to rise rapidly as investors feared that Bear would not be good for the money it promised on...

http://www.thedailyshow.com/video/index.jhtml?videoId=184083&title=intr…