Tough Times in Store for the Gorilla
Richard Fuld is not, strictly speaking, someone likely to be overcome by his moods. In his office at the top of a glass sky-scraper in Manhattan, he pilots the 4th largest bank of the US, Lehman Brothers. He is one of the leaders of global finance.
Framing the $700 Billion Question
Long gone are the days of delusion in which financial gurus and political pundits thought that the economic problems faced by America could be swept under the carpet. For this reason, it becomes redundant to discuss the details of the current financial turmoil.
McCain Offers Political Stunts and the Same Economic Policies
John McCain's decision to suspend his campaign and return to Washington was little more than stagecraft, a political stunt to garner photo opportunities and to distract voters from his sinking campaign, congressional leaders suggested this evening, Sept. 25th.
Poll Numbers, Scandal or Panic?: What's Behind McCain's Latest 'Ploy'
Did John McCain suspend his campaign 'to return to Washington to broker a deal on the financial crisis' in order to use the financial crisis as a way to prop up his sagging poll numbers? Or, is he afraid to meet Barack Obama head to head in a debate?
Reject the 'Bankers' Strike': Groups Demand No Bailout Without Conditions
A letter addressed to Congress and signed by more than a dozen labor and community leaders, including the presidents of both national labor federations, demanded a 'common sense' approach to the Wall Street bailout...
Rescue Me!: What Else Could We Use that Bailout Money For?
For its anticipated $18+ billion share in the $700 billion bailout of Wall Street banks and lenders now being ramrodded through Congress by the Bush administration, the state of Michigan could provide almost 7 million of its residents with free health care.
Ramming Through the Bailout
As the Bush administration attempts to ram a bailout package of nearly one trillion dollars through Congress, it begins to feel like Colonel Sanders asking the public to trust him to take care of the chickens.
The Bush Administration's Banking Rescue Plan
If I may simplify somewhat the situation, (but only slightly) we can say that over the last quarter of century, Wall Street firms bought out Congress and the White House (and paid at wholesale prices). Now, they want the U.S. government to buy them back (and they want to sell at retail prices).
John McCain Wants a Social Security System Made on Wall Street
John McCain says he is ready to make sound economic decisions to help avoid further financial crisis. But McCain has long described himself as a supporter of deregulation and reduced oversight of business and banking, a policy many experts have linked to the recent financial collapse on Wall Street.
A Radical Alternative to Bush's Radical Bailout
Both confusion and anger reign for most people across the political spectrum about the $700 billion 'bailout' of Wall Street banking and brokerage houses, which the Bush administration is trying to force through Congress right now.
