AltWeeklies Wire
In Paulson We Trustnew
Did the treasury secretary let Lehman Brothers fail, exacerbating the nascent crisis, knowing it would punish liberal financier George Soros and benefit his old firm, Goldman Sachs?
Stop the Bleeding: A Plan to Bail Out Scared Homeowners
Governments are bailout banks in exchange for equity stakes in their ownership. Why not offer the same deal to troubled homeowners -- let them stay in their homes in exchange for a piece of their deeds?
How Deregulation Led to the Current Bank Collapsenew
In 2000, Sen. Phil Gramm attached a rider to an appropriations bill to deregulate derivatives trading and other complicated financial instruments like collateral debt obligations. This was the effective nail in the coffin for the FDR-era Glass-Steagall Act, which was created to prevent a repeat of the crash of 1929.
Charleston City Paper |
D.A. Smith |
10-09-2008 |
Economy
Homeowners Are Being Unfairly Faulted for Wall Street's Greednew
Those nasty subprime borrowers, the financial class bellows, how could they have done this to us? While the catalyst for our present debacle may have been housing loans, they in no way were the cause.
East Bay Express |
Jay Youngdahl |
10-01-2008 |
Economy
