bank rescue

OUR FLOURISHING ECONOMY  12:20 pm April 8, 2009

Oversight Panel Offers Common-Sense Suggestions For Bailout, Will Probably Be Ignored

by Sara K. Smith

Oh hey here is a novel idea: in order to save our tragically beleaguered financial system, we must 1) replace the management at failing banks and 2) liquidate the banks that are completely hosed beyond repair. This makes sense to pretty much everyone, and our new boyfriend Simon Johnson said something like that a while [...]

NOT IN MY COUNTRY YOU DON'T!  3:57 pm February 18, 2009

Alan Greenspan, John McCain, And Lindsey Graham Become Swedish-Soviet Communists

by Jim Newell

For the past seven million hours, conservative aggregateur Matt Drudge has been blaring the main headline, “OBAMA MOVES TOWARD ‘SWEDISH MODEL’ FOR BANKS,” replete with a sacrilege photo of the profane Swedish flag. The “Swedish Model” is “code” for the evil thing the Swedish government did in the early 1990s after a major real estate [...]

PICKING WINNERS  1:20 pm February 17, 2009

Geithner’s Plan Seemed So Bad Last Week Because Geithner Did Not Really Have A Plan

by Jim Newell

The Washington Post has an extraordinary article today about why Tim Geithner’s press conference to unveil the administration’s bank rescue plan last week seemed to… suck? Is that the word? Well it wasn’t the plan, so much — as best we understood this vague monstrosity, it was something like, “Public private money tax blah blah [...]


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