Facebook

Twitter

StumbleUpon

Email

topics:

White House

vote downundo vote up flag

yglesias.thinkprogress.org - 12/22/2008

Sweet Bailout

—

Looks to me like the $700 billion rescue package may have been $1.6 billion too large : Banks that are getting taxpayer bailouts awarded their top executives nearly $1.6 billion in salaries, bonuses, and other benefits last year, an Associated Press analysis reveals. The rewards came ...

1

yglesias.thinkprogress.org - 12/16/2008

The Sweet Smell of Success

— yglesias.thinkprogress.org — David Brooks critiques Malcolm Gladwell and the renewed interest in the considerable evidence that success is mostly... due to good fortune: Most successful people begin with two beliefs: the future can be better than the present, and I have the ... (more) The Sweet Smell of Success

World

David Brooks

Comments vote downundo vote up The American Scene found this 12/16/2008found this

1

politico.com - 12/19/2008

Bailout!

— politico.com — Mike Allen has the details: President Bush is announcing a $17.4 billion bailout for auto manufacturers, with... the loans contingent on the firms proving that they can become "viable" ongoing firms. Of the total, $13.4 billion will be ... (more) Bailout!

Comments vote downundo vote up Weekly Standard Blog found this 12/19/2008found this

Leave a Comment

Did the Bailout Work?
Open Left - Front Page — Yglesias thinks so. Credit conditions really did improve post-bailout, rather than get worse as it looked like they might have. The right thing to do is keep the crosshairs where they belong - on George W. Bush and Hank Paulson who decided to implement their recapitalization scheme in an irresponsible manner. Normally, when you "inject capital" into an enterprise you get a share of the action - board seats, voting shares, etc. - not just a dividend. That way, the public's representatives would have had a way to ensure that the public interest was safeguarded as banks played with the public's money. But Bush and Paulson care more about ...

Great Moments In Threads.
INSTAPUTZ — Yglesias writes some innocuous snark about how "[t]he fact that the weather has swung rapidly from unseasonably warm to incredibly cold conclusively debunks concerns about man-made climate change." Commenters, clearly still pissed about being coddled by The Worst PR Flack in America, totally ignore MY's warnings ("OK guys, enough.") and fillet the youngster. hadit Says: December 22nd, 2008 at 10:42 am Now we know Jennifer Palmieri’s views on the ...

Bailout Caricatures
Open Left - Front Page — Writing about the debate over the bailout, CAP's Matt Yglesias writes that there existed a "Sirota/Pence view that government intervention was unnecessary" (Pence, referring to right-wing Rep. Mike Pence). When I read this, I was stunned - did I ever say I thought government intervention was unnecessary? I went back through all my columns and blog posts on the bailout and found that actually, no, I never said government intervention was unnecessary. I didn't even say anything close to that, nor did any leading progressives I know. I said the bailout - as constructed - was a sham designed to rip off taxpayers, but that government intervention ...

In Praise of the Blank Check
TPMCafe — ... There's a bit of discussion now on if the whole financial bailout "worked." For all the progressive polarization around whether the bill should have been passed in its original form, the division between those in favor (say myself or Kevin Drum) or those opposed, like Dean Baker or my colleague ...