Naomi Klein on Bank Bailouts & Bush

Naomi Klein on Bank Bailouts & Bush

The Nation‘s Naomi Klein connects the dots between Wall Street’s meltdown and the failed economic policies of the Bush Administration.

Copy Link
Facebook
X (Twitter)
Bluesky
Pocket
Email

Over the past decade, the federal government has thrown a lifeline to
everything from Long-Term Capital Management, a troubled hedge fund, to
the airline and insurance industries after the Sept. 11 terrorist
attacks in 2001. More recently, mortgage finance giants Fannie Mae and
Freddie Mac joined the club. But how many
corporate bailouts are too many?
And with Lehman brothers and the
Big Three automakers now lining up to the trough for taxpayer-funded
bailouts, has the government established a reckless precedent? On MSNBC
last week, The Nation‘s Naomi Klein lays out the perils of
granting high-risk loans without government regulation, directly
implicating the failed policies of the Bush Administration and its grand
strategy to build an “Ownership Society”.

Will Di Novi

Check out more great Nation videos on our YouTube channel.

Be part of 160 years of confronting power 


Every day,
The Nation exposes the administration’s unchecked and reckless abuses of power through clear-eyed, uncompromising independent journalism—the kind of journalism that holds the powerful to account and helps build alternatives to the world we live in now. 

We have just the right people to confront this moment. Speaking on Democracy Now!, Nation DC Bureau chief Chris Lehmann translated the complex terms of the budget bill into the plain truth, describing it as “the single largest upward redistribution of wealth effectuated by any piece of legislation in our history.” In the pages of the June print issue and on The Nation Podcast, Jacob Silverman dove deep into how crypto has captured American campaign finance, revealing that it was the top donor in the 2024 elections as an industry and won nearly every race it supported.

This is all in addition to The Nation’s exceptional coverage of matters of war and peace, the courts, reproductive justice, climate, immigration, healthcare, and much more.

Our 160-year history of sounding the alarm on presidential overreach and the persecution of dissent has prepared us for this moment. 2025 marks a new chapter in this history, and we need you to be part of it.

We’re aiming to raise $20,000 during our June Fundraising Campaign to fund our change-making reporting and analysis. Stand for bold, independent journalism and donate to support The Nation today.

Onward, 

Katrina vanden Heuvel 
Publisher, The Nation

Ad Policy
x