Bridge Loan to Nowhere Bridge Loan to Nowhere
The Paulson/Bernanke bailout plan is not the way to go, unless you work on Wall Street. Even if you do, there are compelling reasons to fear it. Here's what Congress should do inst...
Sep 22, 2008 / Feature / Thomas Ferguson and Robert Johnson
Rescue Wall Street–and the Rest of Us Rescue Wall Street–and the Rest of Us
Any Wall Street bailout must also impose tax increases for the wealthy, market reforms and address the needs of middle class Americans caught in the crunch.
Sep 22, 2008 / Editorial / Sen. Bernie Sanders
John McCain: Crisis Enabler John McCain: Crisis Enabler
The deregulation binge that tanked global markets is a bullet deliberately fired into the economy by ideologues, heedless of the ultimate cost to taxpayers. And John McCain cheered...
Sep 22, 2008 / Feature / Mark Sumner
The Mother of All Bailouts The Mother of All Bailouts
Even without knowing the specifics of Paulson's staggering rescue plan, you can kiss the environment, preschool education and health insurance for all goodbye.
Sep 19, 2008 / Column / Nicholas von Hoffman
Bankrupt AIG Underwrote McCain’s ‘Reform Institute’ Bankrupt AIG Underwrote McCain’s ‘Reform Institute’
John McCain is making a big show of criticizing the government "bailout" of insurance giant AIG. But it turns out that AIG is one of the largest donors to his pet think-tank.
The McCain-Keating Connection The McCain-Keating Connection
The current banking crisis and McCain's political history should be creating a serious case of déjà vu.
Sep 19, 2008 / Video / Progressive Accountability
Paulson Bailout Plan a Historic Swindle Paulson Bailout Plan a Historic Swindle
Paulson's rescue plan represents a historic swindle--all sugar for the villains, lasting pain for the rest of us. Don't let Wall Street get away with this without enacting signific...
Sep 19, 2008 / Feature / William Greider
Wall Street and Washington Wall Street and Washington
Washington's mission may, at this late date, be an even greater one than Roosevelt's New Deal faced.
Sep 19, 2008 / Books & the Arts / Steve Fraser
A Fair Plan to Pay for Economic Recovery A Fair Plan to Pay for Economic Recovery
The corporations that rigged the casino economy and CEOs and investors who profited at our expense should bear the recovery costs.
Sep 19, 2008 / Feature / Chuck Collins
Great Depression II Great Depression II
Fifty-seven million American families, who put their money in theoretically stable investments find themselves staring into the abyss.
Sep 18, 2008 / Column / Nicholas von Hoffman