corner.nationalreview.com - 9/29/2008
—
A number of Republican House members and staff, along with others who are plugged in, are telling me that Nancy Pelosi and the Democrats will come back with a new bill that includes all the left-wing stuff that was scrubbed from the bill that was defeated today in the House.
As this scenario ...
pajamasmedia.com - 10/3/2008
—
pajamasmedia.com —
Washington's response in the face of Wall Street's
meltdown has been difficult to watch. Edgelings Managing Editor...
Michael S. Malone wonders if, in the face of a rapidly changing world economic structure, this is the last death throes of old-style ...
(more)
The End Of An Era
krugman.blogs.nytimes.com - 10/2/2008
—
krugman.blogs.nytimes.com —
In the end, the US government will rescue
the financial system - not today or tomorrow, maybe...
not Thursday, but soon, and for the rest of our lives, or anyway until the next crisis. But, people ask me, where will we get the money? Won't we have to ...
(more)
Where will the money come from?
campaignforliberty.com - 9/29/2008
—
campaignforliberty.com —
If you agree, call your Congressman today… Federal
Reserve Board Abolition Act (Introduced in House) HR 2755...
IH 110th CONGRESS 1st Session H. R. 2755 To abolish the Board of Governors of the Federal Reserve System and the Federal ...
(more)
END THE FED!
Comments
Blog Reactions
Will Pelosi’s second attempt at a bailout include ACORN? Update: Dow loses 777 points, more than on 9/11; Update: $1.1 trillion in market value lost
Hot Air » Top Picks —
... Why not? She tried a bipartisan bill and got nothing for it. What’s stopping her from turning it into a Christmas tree for the left and passing it on a strict party-line vote? Bush will sign it regardless and Senate Republicans will be under tremendous pressure to decline a filibuster with the Dow down 600 points today and god knows where tomorrow. This is the flaw in the “if the majority thinks it’s so important, let them pass it” approach: They will pass it, on their terms, and they’ll point to Republicans like Gingrich and Paul Ryan and the Journal — and Paulson and ...
On the Failure of the Financial Rescue Plan
Shopfloor —
Random observations.
Larry Kudlow is grim.
Democrats say they’ll try to put together another plan.
C-SPAN has video of Speaker Pelosi’s speech, the partisanship of which Republican leaders are blaming for poisoning the atmosphere. Really? That much more partisan than usual? (Watching again, it does get more aggressive toward the end, promising vigorous oversight hearings by Henry Waxman.)
AP has the rollcall vote, 205-228 nos. The House website has crashed again.
This reminds us more and more ...
Related Content
How to Recapitalize the Financial System
gregmankiw.blogspot.com 10/9/2008 — There is broad agreement among economists that what the financial system needs is not only an injection of liquidity but also a recapitalization. The essence of the current financial crisis is that many firms bet that housing prices would not fall; ...
A capital-less financial system
blogs.ft.com 1/26/2009 — By Ricardo Caballero??
World financial markets are being ravaged by uncertainty and fear. The prices of all forms of explicit and implicit financial insurance have skyrocketed and hence, by a basic identity, the prices of risky assets have plummeted ...
The End
portfolio.com 11/11/2008 — T o this day, the willingness of a Wall Street investment bank to pay me hundreds of thousands of dollars to dispense investment advice to grownups remains a mystery to me. I was 24 years old, with no experience of, or particular interest in, ...
If we only had a financial system...
interfluidity.powerblogs.com 11/2/2008 — Here's Paul Krugman:
Sooner or later, then, consumers were going to have to pull in their belts. But the timing of the new sobriety is deeply unfortunate. One is tempted to echo St. Augustine’s plea: “Grant me chastity and continence, but not ...
Fixing the financial system
VoxEU.org 1/14/2009 — Axel Leijonhufvud , 13 January 2009 Following the analysis of the crisis’s causes in the yesterday’s column, this column suggests that the new financial regulatory system should impose effective reserve requirements on deposit-taking banks, and ...
The U.S. Banking System is Over-Rated
econompicdata.blogspot.com 10/10/2008 — Per Reuters : The United States, where some of Wall Street's biggest financial names have collapsed in recent weeks, rated only 40, just behind Germany at 39, and smaller states such as Barbados, Estonia and even Namibia, in southern Africa. and ...