huffingtonpost.com - 2/4/2009
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What will the Obama administration do with the banks that are now on life support?
Pump in more taxpayers' money to keep the zombies alive? Radical surgery? Pull the plug? The decision - with new announcements rumored for next week - is critical to any recovery plan.
We're not really ...
abcnews.go.com - 2/2/2009
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abcnews.go.com —
Despite a near collapse that required $45 billion
in federal taxpayer bailout funds, Bank of America sponsored...
a five day carnival-like affair just outside the Super Bowl stadium this past week as President Obama decried wasteful spending on Wall St ...
(more)
Bailed Out Bank of America Sponsors Super Bowl Fun Fest
spectator.co.uk - 2/8/2009
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spectator.co.uk —
President Obama has had, by general consent, a
torrid First Fortnight. To put it another way, it...
has taken precisely two weeks for the illusion that brought him to power to be exposed for the nonsense that it so obviously was. The transformational ...
(more)
America -- what have you done?
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Welcome America to Your Sizzlin’ Larry Summers Shitburger
Firedoglake —
... Capping executive salaries is supposed to give you a case of the warm'n'fuzzies, but it's nothing more than a bait-and-switch. Borosage: ...
Progressive Breakfast: Attacks Shift From Phony Pork to the Poor
LiberalOasis : The Blog —
... required total amount from the private sector. In the current environment, a good bank would enjoy exceptionally good margins. Margins would narrow as a result of competition, but by then the banking system would be revitalized and nationalization avoided.
The scheme I am proposing would minimize valuation problems and avoid providing a hidden subsidy to the banks. Exactly for that reason it is likely to encounter strong resistance from vested interests.
As does Robert Borosage in HuffPost:
There is a sensible way to go forward: do ...
Digest for February 3rd
The Republic of T. —
Here are some of the people writing about some of the stuff I wish I had time to write about, for February 3rd from 11:40 to 23:04:
Okay, Seriously People: Where’s The Transit Aid? -
Bank On It No More -
Public Opinion Shifting Against Capital Punishment -
Tell Three: Because Coming Out Is Not Enough -
Jason Rosenbaum: Republicans looking to strip health care, education provisions from recovery - Make the call! -
10 Confessions Of A ...
Related Content
Robert L. Borosage: Can't Get There From Here
huffingtonpost.com 2/11/2009 —
The Obama administration has made its first serious misstep. No, it wasn't the wooing of ingrate Republicans, or the dining with clueless reactionary pundits. It is much more significant. Faced with the failure of Paulson-Bernanke banking ...
Dear Bank of America
culturekitchen.com 1/28/2009 — Dear Bank of America,
I am a customer. That's right. I have a couple of Bank of America credit cards. My wife and I are also looking for a bank for some accounts. But you know, your ingratitude leads me to refuse to bank with you and to consider ...
Time to Go: Bank of America must fire CEO Ken Lewis
seiu.org 1/27/2009 — Over the last few months, it's become abundantly clear that Bank of America CEO Ken Lewis just doesn't get it. The era of greed and irresponsibility is over. Bank of America tellers make about $24,000 a year. That's less than what the CEO of a company ...
A More Perfect Union
patterico.com 1/19/2009 — [Guest post by DRJ]
Martin Luther King may have had a dream but Barack Obama has a theme: He wants to make America a more perfect union. He’s mentioned it twice in two days, and I think it will reappear in the coming days and in his Inaugural ...
How to set up a new ‘good bank’
blogs.ft.com 2/22/2009 — My ‘Good Bank’ proposal (see (1), (2), (3), and (4), and related proposals by Joseph Stiglitz, George Soros and Paul Romer) appears to be getting some attention if not yet traction in a number of European capitals and in Washington. ...
Obama’s Remarks on Education
blogs.wsj.com 3/10/2009 — President Barack Obama said he backs the idea of merity pay the best school teachers, a position that his union supporters have fought. Here, the full text of his prepared remarks:
Every so often, throughout our history, a generation of ...
President Obama’s Inaugural Address
blogs.wsj.com 1/20/2009 — As prepared for delivery.
My fellow citizens:
I stand here today humbled by the task before us, grateful for the trust you have bestowed, mindful of the sacrifices borne by our ancestors. I thank President Bush for his service to our nation, ...
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