tpmcafe.talkingpointsmemo.com - 1/24/2009
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America has embraced Lemon Socialism.
The federal government -- that is, you and I and every other taxpayer -- has taken ownership of giant home mortgagors Fannie and Freddie, which are by now basket cases. We've also put hundreds of millions into Wall Street banks, which are still flowing ...
meganmcardle.theatlantic.com - 1/23/2009
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meganmcardle.theatlantic.com —
How come progressives opposed to TARP II are
very, very worried about the cost to the taxpayer,
but not worried at all by the cost to the taxpayer of a massive fiscal stimulus, a lot of which is nearly guaranteed to be wasted by virtue of the speed ...
(more)
Question of the day
wizbangblog.com - 1/25/2009
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Blog Reactions
Lemon Socialism
Talking Points Memo —
Bob Reich on how America embraced Lemon Socialism.
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Are We Socialist Yet?
Open Left - Front Page —
... Kind of amazing that we are going to become socialist, and still not have universal health care. How we pulled that one off, I have no idea. Lemon socialism, indeed. ...
Tough Road Ahead for Bankruptcy Reform
Open Left - Front Page —
... It is pretty sad that, even with the Democratic trifecta and even with the collapse of the credibility of the banking industry, that the banking lobby can still delay, and possibly even stop, good legislation like this. They can twist Congressional arms into forking over trillions of dollars on their behalf, all the while twisting those arms to make sure homeowners facing foreclosure get nothing. At least it makes it clear who is actually running the country.
How America Embraced Lemon Socialism
The Hollywood Liberal —
How America Embraced Lemon Socialism America has embraced Lemon Socialism. The federal government — that is, you and I and every other taxpayer — has taken ownership of giant home mortgagors Fannie and Freddie, which are by now basket cases. We’ve also put hundreds of… [image] [image] Harnessing Politics To Fix Politics It’s hard to disagree with much of Michael Waldman’s lovely post. It is inviting at the level of principle (who, after all, is against creating a robust participatory democracy?). And he’s right at the level of practice - matching… [image] [image] [image] [image] [image] This entry was posted on Monday, ...
How America Embraced Lemon Socialism
The Hollywood Liberal —
How America Embraced Lemon Socialism America has embraced Lemon Socialism. The federal government — that is, you and I and every other taxpayer — has taken ownership of giant home mortgagors Fannie and Freddie, which are by now basket cases. We’ve also put hundreds of… [image] [image] Wait until after the revolution, honey Today, New York Times columnist Bob Herbert asked, why listen to Republicans? Indeed. And yet this morning came the shocking and startling news that our new president has asked House Democrats to cut a provision that would expand contraceptive family… [image] [image] This entry was posted on Wednesday, January 28th, 2009 at ...
ApocalypSnow
The Sideshow —
... I realize it's not so nice for some other people, but I've been feeling deep envy while seeing everyone else complaining about their snow, because we never get any. And since I didn't have to go out in it, I couldn't wait to go out in it. Kip Manly gave us some good quotes before going on to have his say - I quite liked this combination: It's called Lemon Socialism. Taxpayers support the lemons. Capitalism is reserved for the winners. - Robert Reich. So one might say that we are seeing not the tender creep of socialist ...
BARF: Pushing President Obama On Transparency
Open Left - Front Page —
... However, what these new transparency commitments do not address is the newly created, ultra-secretive program by the Federal Reserve Bank to purchase and subsidize toxic bank assets. This program has already spent at least $2.4 trillion, nearly the size of the entire federal budget. Further, today Treasury Secretary Tim Geithner announced that this program ...
Related Content
What Goes Around Comes Around:
volokh.com 1/23/2009 — The Washington Times notes today that many of the recipients of federal bailout funds are also major political donors:...
More Lemon Socialism -- And Why The Limits on Wall Street Pay Are For Show
tpmcafe.talkingpointsmemo.com 2/7/2009 — Wall Street and its allies are in a tizzy over the Obama administration's proposed $500,000 limit on executive pay, saying it will threaten their ability to attract and retain executive talent. I do not mean to deprecate Wall Street executives when I ...
TARP: What Did We Get For Our Money?
tpmmuckraker.talkingpointsmemo.com 1/17/2009 — Remember how, back when Congress was negotiating with the Bush administration over the terms of the bailout, one of the major sticking points was Rep. Barney Frank's insistence that taxpayers receive equity in the companies we were saving, so that we ...
Adventures in Lobbying
openleft.com 1/26/2009 — When I offered in a blog thread to go lobby on TARP oversight and reform while I was in DC, little did I know that I was going to be asked to write about it on Open Left. It's a challenge to rise to the standards set by all the wonderful writers ...
TARP
balloon-juice.com 2/15/2009 — Surprise good news in the TARP bill that President Obama just signed. I could get used to this.
A provision buried deep inside the $787 billion economic stimulus bill would impose restrictions on executive bonuses at financial institutions that ...
Bankers say they 'get it' on bailout
swamppolitics.com 2/11/2009 — by Frank James
Vikram Pandit, Citigroup's chief executive officer, is really, really sorry his company was going to buy that French-made private jet and it won't happen again.
Pandit told lawmakers at a House hearing today:
Mr. Chairman, the world is changing very fast and we need to ...
Americans Want Details Before Release of More TARP Funds
gallup.com 1/15/2009 — PRINCETON, NJ -- A majority of Americans (62%) say Congress should block President-elect Obama's request to release the remaining $350 billion in Troubled Asset Relief Program (TARP) funds until more details are provided about how the funds will be ...
TARP Watchdog: Treasury Overpaid For TARP Investments
money.cnn.com 2/5/2009 — WASHINGTON -(Dow Jones)- The three government watchdogs overseeing the $700 billion financial rescue package continued to criticize the Treasury Department's implementation of the plan, suggesting a lack of a strategic vision and raising the concern ...
Bankers: Take your TARP money back - Mar. 27, 2009
money.cnn.com 3/30/2009 — NEW YORK (CNN) -- There's a growing sense among some bankers that Troubled Asset Relief Program known as "TARP" has become toxic. As a result, they want to bail out of the bank bailout program."It should be called 'TRAP,' not TARP," said Brian ...
Trial by fire —
First Read 1/24/2009
From NBC's Athena JonesThe excitement never ends in the White House briefing room.A day after President Obama visited the press corps, creating a mob scene in the narrow hallways and small booths where reporters, photographers and television producers ...
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