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LiberalOasis : The Blog: Progressive Breakfast: Bailing Out The Bailout
Politics on HuffingtonPost.com: David Sirota: Maddow: Did America Get Punked On the Bailout? Yes...Now Here's What to Do.
Open Left - Front Page: Maddow: Did America Get Punked On the Bailout? Yes...Now Here's What to Do.
Progressive Breakfast: Bailing Out The Bailout
LiberalOasis : The Blog —
... Salon.com's Mike Madden looks at where the first $350B of the bailout has gone: "A lot of it is, apparently, just sitting in the bank ... The feds were essentially taking out the trash -- buying shares in various banks that had gotten themselves into trouble by issuing crappy mortgages using complicated formulas, assuming the cost of many of the mortgage-backed securities that were weighing down the balance sheets ... The feds were pumping money into these banks so they would feel free to make more loans -- better, simpler, sounder loans. ... But the banks did not start making ...
David Sirota: Maddow: Did America Get Punked On the Bailout? Yes...Now Here's What to Do.
Politics on HuffingtonPost.com —
... The real crisis is in the real economy - ya know, the real world of jobs, wages, health care premiums and pensions that Washington has totally ignored as it keeps writing checks to its well-heeled campaign contributors on Wall Street under the guise of a lending crisis. Adding insult to injury is the last thing I discussed with Rachel - the fact that because the bailout money came with almost no strings attached, the financial industry recipients of the taxpayer largesse are either hoarding the money, using it to pay shareholder dividends and executive bonuses, or devoting it ...
Maddow: Did America Get Punked On the Bailout? Yes...Now Here's What to Do.
Open Left - Front Page —
... The real crisis is in the real economy - ya know, the real world of jobs, wages, health care premiums and pensions that Washington has totally ignored as it keeps writing checks to its well-heeled campaign contributors on Wall Street under the guise of a lending crisis. Adding insult to injury is the last thing I discussed with Rachel - the fact that because the bailout money came with almost no strings attached, the financial industry recipients of the taxpayer largesse are either hoarding the money, using it to pay shareholder dividends and executive bonuses, or devoting it ...
