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What $700 billion could buy
We’re spending $700 billion to bail out the idiots who got us into this mess and we end up with nothing to show for it but the bag we’re left holding and maybe a disaster averted (we hope). We could be spending a lot less to get a lot more. A national wi-max buildout would cost ...
$700 Billion Bailout - Is My Money Safe?
lazymanandmoney.com — It seems like everyday there’s new news with bailouts and banks. Today it was that JPMorgan Chase... Bought WaMu for 1.9 Billion. Naturally consumers have a lot of questions and they should have them. I’m not an expert. In fact, I’ve ... (more) $700 Billion Bailout - Is My Money Safe?
A $700 billion slap in the face
krugman.blogs.nytimes.com — The initial Treasury stance on the bailout was one of sheer demand for authority: give us total... discretion and a blank check, and we'll fix things. There was no explanation of the theory of the case - of why we should believe the proposed intervention ... (more) A $700 billion slap in the face
Making $700 Billion Look Small
norris.blogs.nytimes.com — Losing $1.2 trillion in one easy day. (more) Making $700 Billion Look Small
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Capping Executive Salaries in the Bailout
Fractals of Change — ... on their stronger competitors to reduce their overpayments. But maybe that's wishful thinking. The most important favor Paulson has done us with this position is to make it clear that a blank check bailout will be worse than no bailout at all – it'll turn into an executive relief bill. I appreciate him being so frank; he coulda said he'd study executive compensation later. Just in case we don't have a bailout, Jeff Jarvis has suggested some other uses for $700 billion here. Comments on yesterday's post were particularly lively thanks to Fred Wilson's ...

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