nytimes.com - 3/18/2009
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The bank bailout plan makes sense and might even make profits for U.S. taxpayers. But in this climate of anger, it will take all of President Obama’s political capital to sell it to Congress and the public. >
nytimes.com - 3/19/2009
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nytimes.com —
As we ignore traditional news media more and
more and go online for “news,” we become our...
own editors. Heaven help us. >
(more)
Op-Ed Columnist: The Daily Me
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Your Abbreviated Pundit Round-up
Daily Kos —
... an amen, brother? Richard Rahn: This is nonsense. The so-called tax havens are for the most part no more than way-stations to temporarily collect savings from around the world until they are invested in productive projects, such as building a new shopping center or semi-conductor plant in the U.S. This enables a better allocation of world capital, leading to higher, not lower, global growth rates. Greed is still good? Thomas Friedman: Good or not, anger or not, the banks need money. But explaining it to the ...
The Political Imperative For TemporaryTakeover Of Financial Institutions
TalkLeft —
Tom Friedman writes: If you didn’t like reading about A.I.G. brokers getting millions in bonuses after their company — 80 percent of which is owned by U.S. taxpayers — racked up the biggest quarterly loss in the history of the Milky Way Galaxy, you’re really not going to like the bank bailout plan to be rolled out soon by the Obama team. That plan will begin by using up the $250 billion or so left in TARP funds to start removing the toxic assets from the banks. But ultimately, to get the scale of bank repair we need, it will ...
This is Your Treasury Secretary Under Fire
Weekly Standard Blog —
... Next up for Geithner: announcing the details to his bank rescue plan, which could cost another $750 billion dollars. How will ...
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