On the one hand, this was one of the things that I, and others, worried about when the president announced his Cabinet (and let me just say that it is nice to listen to a president, even one who you disagree with on some fundamental issues of economic power, who can conduct a news […]
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Jonathan Tasini's Ruminations on Work, The Economy, and PoliticsTag Archive | "Bankers Bailout"
While You Digest…
Posted on 28 November 2008.
I’m going to assume that most of you are still in one state or another of digesting the massive amounts of food you inhaled yesterday. Speaking of digesting, it looks The Treasury can’t swallow the $700 billion bankers’ bailout, or so The Wall Street Journal says this morning: The current Treasury has so far […]
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Some Good Watchdogs
Posted on 16 November 2008.
It gets tiring writing every day about all the bad news, though that is sadly the reality (and, certainly will be so at least until spring training starts). But, here is one piece of good news. In the body of a story about the nomination by the president of the person responsible for monitoring […]
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Your Tax Dollars Are Paying Bank Execs Billions: Wall Street Journal
Posted on 31 October 2008.
Want to know where $40 billion of your taxpayer-financed bailout for bankers is going? Into the pockets of their executives. And that evidence comes straight from a hard-hitting piece in today’s Wall Street Journal. The Wall Street Journal piece is entitled "Banks Owe Billions to Executives". It is written by Ellen Schultz, one of […]
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