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?
Don't just bail out Fannie Mae and Freddie Mac: require them to start building environmentally responsible homes.
For decades, the world's largest banks have been helping wealthy Americans steal billions in unpaid taxes. What are we going to do about it?
Our current financial disaster is the real legacy of the Reagan Revolution. So why don't we let the deregulated banking industry sink or swim?
America is shaken by images of panicked customers lined up to withdraw money from the failed IndyMac Bank.