Tag Archives: Bailout

We can't afford not to reform health care

I know, I know, I wrote about health care less than a week ago but everyone just has to read this post from Ezra Klein. Here are the juicy bits (including charts!) for you lazy folk: If you’re worried about the federal debt — particularly the long-term federal debt — there is literally no way […]

Dow………n.

Apparently the market didn’t appreciate it when the House, with 70% of Republicans and 40% of Democrats opposed, rejected the $700 billion Wall Street bailout bill. Wheeeeeeeeee!

Things you might not have noticed

The possibility of a $700 billion bailout for Wall Street is looming large over the national conversation, so I’ll forgive you for not noticing these fun nuggets portending America’s doom: Congress is working on passing a $25 billion bailout for Detroit automakers And why $25 billion for companies that have long ago ceased to be […]

Bailouts, health care and your paychecks

U.S. Treasury Secretary Hank Paulson, with the help of President Bush, is trying give at least $700 billion of our dollars to their irresponsible friends on Wall Street. I haven’t seen a good explanation of why they need that much money or why they need the bailout plan in place by the end of this […]

George Will has a great idea(!) about bank bailouts

We may or may not be in the early stages of a horrible recession. All we really know is that gas is f***ing expensive and banks seem to be falling all around us. But I tell you what, I’ll be damned if bad economic forecasts stop me from eating chocolate and chugging beer. Anyways, back […]

Bailing out the rich: Your $$ and Bear Stearns

CNBC is reporting that the Treasury has offered to pay the Fed for any losses they incur in the Bear Stearns buyout. (h/t Shaun Mullen) So let’s get this straight, some investment banks made a bunch of risky deals, essentially investing in worthless loans. Those deals went south, and now, instead of the market doing […]