Washington's mission may, at this late date, be an even greater one than Roosevelt's New Deal faced.
Fifty-seven million American families, who put their money in theoretically stable investments find themselves staring into the abyss.
Sorry, but I have no sympathy for the sudden poverty of investment bankers who've gamed and likely destroyed our financial system in the relentless pursuit of wealth.
As bigwigs get bailouts, taxpayers ponder layoffs, ruined retirements and wiped out college funds. Yet neither McCain or Obama have tapped into that anger.
The house of global finance is on fire--and the lightning bailout of AIG raises serious question about government's capacity to extinguish the flames.
Taking over Fannie, Freddie, banks and brokerages is one thing; knowing what to do with them is something else.
Instead of bailing out the money guys who created the housing crisis, Washington should concentrate on healing the victims.
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.
Americans know all the details of the John Edwards affair. But they remain in the dark about a scandal that affects the livelihoods of millions. Who orchestrated the fall of Bear Stearns?
This is a time to condemn the banking industry, not embrace it. So what do McCain and Obama think they're doing?