Tag: Wall Street
Love the Wall Street bailout? Try McCain on health insurance deregulation
Obama's campaign talked up a new TV spot about healthcare today, and it's a good one. The ad quotes a new article where John McCain says he'd like to deregulate health care "as we have done over the last decade with banking." Huh?! I assume the magazine had already gone to print when the banking industry came crashing down around us, but this quote could kill McCain — and numerous Americans, too, should he ever get his way.
Read more of Jeff's commentaries: • Sarcasm on the campaign trail • Musgrave-Markey: Sticks and stones in CD 4 • It's the economy, stupid
Perlmutter skeptical over bailout, ‘foxes guarding the henhouse’
Rep. Ed Perlmutter, a member of the key House Financial Services Committee, on Monday added his voice to a chorus urging caution in the face of a $700 billion Treasury Department proposal to bail out troubled credit markets. "[I] have doubts about the foxes guarding the henhouse or giving the Bush Administration any more authority over anything," the first-term Democrat said in a statement.
Economics bloggers: A pound of flesh and financial literacy from Wall...
Remember when the subprime crisis first broke out last fall, and the Bush administration’s first response was to suggest that people read the fine print on their mortgages and take financial literacy courses?
It would not be such a bad idea for Wall Street to do the same now.
AIG bailout raises bar for action on mortgages
When the government bailed out Bear Stearns in March, plenty of people on Main Street complained it wasn’t fair to save an investment bank and do nothing to help homeowners.
Imagine how they feel now.
It’s the economy, stupid
One of my friends recently said he hoped John McCain just kept on talking about Iraq, because at the end of the day this election will come down to the economy. That was even before this whole Wall Street mess, which has put the spotlight entirely on the economy to the exclusion of everything else. You do know a car bomb hit our embassy in Yemen yesterday, right? You don’t? Well I’m sure you know that on Monday McCain said the fundamentals of our economy still remain strong.
Read more of Jeff's commentaries: • How to achieve energy independence? Invest, baby, invest • Cable news wallows in minutiae, nation suffers • Obama in Pueblo redux
Obama economic adviser outlines tax-cut plan
On the heels of Sen. Barack Obama’s speech on the economy in Golden, Colo.
and under the shadow of the largest government bailout to date in the evolving credit crisis,
Austan Goolsbee, a senior economic advisor to Obama, spoke about the Democratic presidential nominee’s plan for the country’s financial future Sept. 17 at Children’s Hospital in Aurora.
The faces of the financial crisis
The U.S. financial system faces a grave crisis as investment giants teeter on the edge of collapse. These institutions aren't merely made of paper and percentages, though. They're led by people — people who've made some rotten decisions in recent years. Whereas we'll hear much in the coming weeks about the federal regulators who are scrambling to avert a disaster, we should also hear about the CEOs who got very rich while their firms crumbled.
Obama’s Colorado speech: Golden moments and lumps of coal
Barack Obama's speech in Golden on Tuesday — live-blogged by The Colorado Independent's Naomi Zeveloff — is already getting notice in the national press as signaling a prominent shift from Palin-era distractions to a bare-knuckle fight over the economy.