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globaleconomicanalysis.blogspot.com - 9/30/2008

The Bailout Failed: What's Next?

— globaleconomicanalysis.blogspot.com — We won the battle. Please remember this is a war. Nancy Pelosi, Barney Frank, Treasury Secretary Paulson,... Obama, and McCain all still want to pass this stupid bill. If Your Legislative Representative Voted No... Please phone and fax your ... (more) The Bailout Failed: What's Next?

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krugman.blogs.nytimes.com - 10/3/2008

Has the bailout already failed?

— krugman.blogs.nytimes.com — OK, I know that's premature. And I place no weight at all on the fact that the... Dow plunged after the vote. But it is interesting that short-term Treasury yields are down - only 0.13% on one-month - suggesting that the flight to safety continues ... (more) Has the bailout already failed?

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clusterstock.com - 10/3/2008

Bailout Bill At Risk

— clusterstock.com — BailoutBillInTrouble.jpg Update (1:23 p.m.): The bill has the majority. It will pass. Bailout approved. Update (1:20 p.m.):... The Republican yes votes have reached 67, meaning that they have successfully convinced more members of their caucus to vote ... (more) Bailout Bill At Risk

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Bill Dyer: Elections have consequences, and one of those is that Pelosi bears responsibility for the financial bill's defeat
Hugh Hewitt's TownHall Blog — ... own frenzy to point the finger of blame for the current crisis at the full-time object of their dementia, George W. Bush? Of course not. The occasion called for a speech displaying moderation and statesmanship, but Pelosi served up partisan venom. What Speaker Pelosi did not, do, however, is even more significant: She did not bother to invoke the mechanisms of legitimate party discipline that have evolved over time by which party leaders can pressure their reluctant members. Per Ben Pershing of the WaPo (boldface mine): House leaders, meanwhile, did support the bill and did ...

Why the Bailout Bill Failed: Crisis Not Taken Seriously Enough?
Paul Kedrosky's Infectious Greed — ... parties' leaders as critical and essential. I accept most of the arguments, ranging from bad salesmanship on outward, but I also think he makes a provocative point at the close that is certain to start arguments: It's possible despite weeks of warnings, and a stock market that is cratering as we speak, that a lot of members still aren't taking any of this seriously enough. And that, ultimately, may be the real reason for today's vote. More here. ...

All Bets Are Off…
Howard Lindzon — ... choose these three companies. Same today. Now, I am hoping for an abatement of selling. That’s never a good position to be in when owning stocks. Today, I did no buying in these three names until the close (sold puts earlier in the day) and it looks like I will see no relief for a while. My total portfolio lightness will allow me to be wrong on a few stocks right now, but losing money still sucks. So what went wrong TODAY. In hindsight, everything. The Washington Post must know something about this. As Mathew points out , ...

The Credit Hostage Crisis
SeekingAlpha.com: Home Page — ... Either credit is holding us hostage, or we are holding credit hostage. Either way, the surprise failure to pass the mega-bailout in the House of Representatives has increased panic levels in the financial markets to a fevered pitch. ...