Bailout Fails to Recognize Housing Bubble

Dean Baker, The Center for Economic and Policy Research: "The near hysterical discussion (count the times 'Great Depression' appears in news stories) of the bailout still largely fails to recognize the roots of the economy's current problems in the collapse of the housing bubble. Much of the discussion assumes that the problem is just bad subprime loans and that house prices will bounce back once the credit markets are working properly."

//www.truthout.org/100108A



Rep. Dennis Kucinich Rejects $700 Billion Bailout

Amy Goodman, for Democracy Now!, interviews Congressman Dennis Kucinich, who said: "We're the Congress of the United States; we're not the board of Goldman Sachs. Goldman Sachs is struggling to survive. And, you know, their former chief is now the head of the US Treasury. He's in a position to be able to direct assets in a way that would help enhance his own financial standing. I mean, that's a clear conflict of interest. And, you know, that's something that needs to be said."

//www.truthout.org/100108B



McCain Repeating Keating Era Mistakes, Regulator Warns

Seth Colter Walls, The Huffington Post: "As the stock market recovers from its biggest single-day drop since the crash of 1987, a former federal regulator who had a front-row view of John McCain's role in the Savings and Loan scandal says he is repeating some of the same mistakes."

//www.truthout.org/100108C

--------

Not One Dime!

By Mike Whitney

The country has no time for this cynical scavenger-hunt. The system is listing badly and we have ONE chance to get this emergency bill right. There is no way an industry rep like Henry Paulson, who has spent his entire career feathering his own nest and handing out plums to his buddies, can operate in the best interests of the American people. Paulson has got to go!

//www.informationclearinghouse.info/article20915.htm



Lipstick on a Bailout

By Ron Paul

We do have tough economic times ahead, no doubt, no matter what we do, even if we do nothing. The question, is will we have the courage to take our medicine now and get it over with, or will we prolong the misery for many years to come? I'm less and less optimistic about the answer to that question.

//www.informationclearinghouse.info/article20912.htm



Government Assistance

Bailing Out The Oil Market

By William Pentland

While everyone knows the U.S. government is looking to bail Wall Street banks, few people realize that it's also bailing out speculative oil and commodities traders in the process, fueling a sharp rise in energy prices.

//www.informationclearinghouse.info/article20910.htm



Bailout Lesson

Capital Crisis Will Wreck Both Parties

By Glen Ford

In their role as mercenaries in service of finance capital, three-fifths of Democrats joined one-third of Republicans in a (temporarily) failed heist of $700 billion of the people's funds - a nest-egg the public needs to hold onto to weather the unfolding collapse of the Lords of Capital.

//www.informationclearinghouse.info/article20917.htm



The Art of Politics

By Jim Kirwan

Overlooked in the dictator's tirade was the fact that the negotiations in Washington are only between the White House, the congress and the Corporate Oligarchs that created this fiasco: Their 'conversations' and this legislation have shut-out the public; especially those that have everything to lose.

//www.informationclearinghouse.info/article20916.htm



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