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The Left Coaster
The Left Coaster (www.theleftcoaster.com) has great US Economic Bailout of 2008 news, photos, videos and more
Friday, Nov 21
Adios, George
Reading Paul Krugman today I was struck that at this time of acute crises on many fronts how absent the President is: he has no input or comment on a proposed automotive bailout, nothing on keeping troubled mortgage holders in their homes, and no fixes for losing health insurance. After cal...
Wednesday, Nov 19
Need Some Cash, USA?
This week Congress will stall and obstruct a mere pittance of $25-50 billion for the automotive bailout, Obama will be back in February with more votes if nothing happens this year, but the point is that after the DOD and Treasury bailouts America seems to be short of cash, who would have th...
Thursday, Oct 30
Banks Pay Out Bailout Money to Shareholders
“Government” is a such a charitable word for this horrible farce. Paulson and Treasury gave permission for this screaming outrage, the day all of senior Treasury leadership get a massive whooshing boot in their asses can’t come soon enough. We’ll just have to wait them out.
Monday, Oct 27
Still Banging on the Magneto
At this point, thank God, it appears America is going to entrust Barack Obama and the Democratic Party for those trying times. The United States better come through on that, for John McCain, Alan Greenspan and the Republicans got us into this horrifying mess, electing them would only mean...
Friday, Oct 24
Bailout Extended to Insurance Companies, Ford & GM Next?
In another grim day of economic news all the major market indices plunged approximately 3.5%, an Atlanta bank failed (the 17th bank to fail this year), and an increasingly desperate Federal Reserve extended the bailout to insurance companies.
Thursday, Oct 23
$700 Billion Bank Bailout Now Used to Buy Bad Mortgages
Unfortunately the Reuters wire report on the subject is confusing and woefully incomplete on the matter. Treasury is “separately” going ahead with plans to buy mortgages, yet FDIC Chairwoman Sheila Bair is going to testify before Congress today that giving banks a financial incentive...
Wednesday, Oct 1
David Brooks Has A Fetish
David Brooks is the perfect Bush era propagandist. I don't read him, but a friend alerted me to a recent column. Brooks was upset at his own Republicans for scuttling the Paulson bailout plan. Brooks wasn't upset at them for having been dishonest and manipulative, in negotiating a compromis...
Sunday, Sep 28
Blowing Up In Their Faces
The Gallup tracking poll now shows Obama extending out to an 8-point lead over McCain, and it seems McCain has paid a price for "suspending his campaign" and then disappearing from the scene of any final solution. The ultimate victim here will not be the American taxpayers, but the McCain c...
