Posted by smeddum on October 2, 2008
Senate bailout vote pressures House The Swamp Posted October 1, 2008 9:20 PM
by Mark Silva
So it is the Senate that goes first with the bailout — some call it rescue — of the nation’s bad-mortgage-clogged banking institutions, with a vote tonight of 74-25. Read the rest of this entry »
Posted in Uncategorized | Tagged: bailout, bailout blackmail, bailout pressure, Wall Street Bailout Blackmail | Leave a Comment »
Posted by smeddum on September 30, 2008
The Congressman’s Dilemma
by Christopher Hayes The Nation
So in light of the news of House Republicans loudly and suddenly bailing out on the bailout, a few things to keep in mind to make sense of the political terrain. Read the rest of this entry »
Posted in Uncategorized | Tagged: bailout blackmail, bailout protest, no bailout, Wall Street Bailout Blackmail | Leave a Comment »
Posted by smeddum on September 30, 2008
The Danger of Wall Street Blackmailing Us Back Into a Bad Bill
By Ian Welsh Khabrein
The Western media are upping up the volume and markets are rallying (and disregarding market fundamentals) to blackmail congress into voting for the bailout. A battle has been won but the war is not over. There is a danger that we have been lulled into a false sense of security. Protests should continue
What was causing the panicked “must pass bill now” gasps from Senators and the Treasury was not the various bank failures. They have been pretty orderly and no one who failed wasn’t expected to fail. Instead the problem was that banks aren’t lending to each other. This isn’t because they fear that other banks won’t repay if they fail, in every case when a bank has failed, the Fed has made sure that banks with outstanding interbank loans got their money back. So this isn’t a question of systemic risk causing fear. Read the rest of this entry »
Posted in Uncategorized | Tagged: bailout, bailout blackmail, bailout protest, economy, no bailout, No cash for trash, Paulson, politics, Wall Street Bailout Blackmail | 1 Comment »
In These New Times 