A good article as far as it goes. Let's get real. Neocon's request for a clean bill devoid of amendments is really a demand for a no-controls bailout--the final total sum of which may eventually cost taxpayers over trillion and a half dollars--to save the country from the consequences of their own reckless, greedy, corrupt eight years of neocon free-market follies. And if they don't get the colossal no-strings-attached largess they're hoping for, then looms the threat of outcomes too ... More »

A great look at the causes and consequences of the Federal government's bailout plan. Connects the dots between the housing boom and dot com speculative bubbles, liberal lending by banks, and the bubble burst. Speculates on the consequences of these action- though there's notable a failure to explain what this added debt burden will mean for the Federal Government.

Yes, I know that housing speculation is at the bottom of all this - but the speculation was based on overinflated values to begin with - so we are going to restore or stabilize what values?? And that will happen by banks resuming lending - based on what values?? Will the feds really start bailing our homeowners who are 'under water'?? And how much will this cost everyone in the long run?? One more triumph for unregulated free markets! Maybe the Iraqis with their huge budget surplus ... More »

This simply provides more "economists" telling us that "it is necessary." Still doesn't tell us what is going to happen when it doesn't work.