Nicholas von Hoffman, a veteran newspaper, radio and TV reporter and columnist, is the author, most recently, of Radical: A Portrait of Saul Alinsky, due out this month from Nation Books.
As the next Congress creates a new regulatory structure for our crippled financial system, job one is breaking Wall Street's grip on capital and credit.
If everyday life is hit by a deflationary wave, it will bring extreme hardship to millions.
Take a lesson from Andrew Jackson: Rely on regional banks, not Wall Street, to get money in the hands of people who need it.
Remember the National Lampoon cover showing a puppy with a gun to its head? That's the Paulson plan.
Even without knowing the specifics of Paulson's staggering rescue plan, you can kiss the environment, preschool education and health insurance for all goodbye.
Fifty-seven million American families, who put their money in theoretically stable investments find themselves staring into the abyss.
As bigwigs get bailouts, taxpayers ponder layoffs, ruined retirements and wiped out college funds. Yet neither McCain or Obama have tapped into that anger.
If we can collectively resist the urge to sell and cement our losses, the cratering economy could finally hit the floor
Taking over Fannie, Freddie, banks and brokerages is one thing; knowing what to do with them is something else.
A historic line has been crossed. With no debate or commitment to policy or principle, an enormous segment of the American economy has been turned over to the government.