Forget what the Democrats are telling you. Don't listen to what the Republicans are telling you either. Both groups have axes to grind and are jockeying for position in this new administration.
It's time for us to make the rules
Source: New Statesman Contents
It is clear that the actual and potential losses of the banks are much bigger than hitherto assumed and that some leading banks can survive only on government life support. The recession is also shaping up to be deeper, longer and nastier than any in my lifetime.
Our government has proven one thing to us; we cannot trust them, to earn their yearly increasing pay, pensions, healthcare, stipends, and other perks, represent us, the average citizen. So now, in addition to compensating them very well, we have to babysit them.
UR president foresees a U.S. financial overhaul
Source: The Rochester Democrat and Chronicle
Finance has fundamentally changed in America over the past 70 years. But the public oversight and regulation of how money moves and works has lagged far behind, said Joel Seligman.
Congress Ignored Critical Bailout Oversight
Source: americannewsproject.com
On December 19th, Henry Paulson urged Congress to release the second half of the $700 billion of the bailout money. But no one seems know what banks have done with the first $350 billion.
Will Bush officials face war crimes trials? Few expect it
Source: afterdowningstreet.org
In the end, Bush administration critics might have more success by digging out the truth about what happened and who was responsible, rather than assigning criminal liability, and letting the court of public opinion issue the verdicts, many say.
Bush Gives Emergency Loans to Automakers
Source: The New York Times
President Bush announced $13.4 billion in emergency loans on Friday to prevent the collapse of General Motors and Chrysler, and said another $4 billion would be available for the hobbled automakers in February.
We Told You So - Economic Bailout Reality Check
Source: Truthdig
In the slow-motion train wreck that became the current economic meltdown, our bipartisan political establishment and the sycophantic punditburo have been wrong over and over and over again.
More concerns about TARP - BailoutSleuth
Source: bailoutsleuth.com
The Treasury Department must monitor the recipients of government aid more closely, and must spell out more clearly who qualifies for aid.
[DISCUSSION DRAFT] DECEMBER 8, 2008 110TH CONGRESS 2D SESSION H. R.
Premier of Iraq Is Quietly Firing Fraud Monitors
Source: The New York Times
The government of Prime Minister Nuri Kamal al-Maliki is systematically dismissing Iraqi oversight officials, who were installed to fight corruption in Iraqi ministries by order of the American occupation administration, which had hoped to bring Western standards of accountabilit …
Premier of Iraq Is Quietly Firing Fraud Monitors
Source: The New York Times
The government of Prime Minister Nuri Kamal al-Maliki is systematically dismissing Iraqi oversight officials, who were installed to fight corruption in Iraqi ministries.
Anyone who has cared for a group of four-year olds knows the effect of deregulation and the lack of oversight. It's simple, you put a bunch of 4-year-olds in a room with a jar of chocolate-chip cookies. You leave the room. The kids are going to eat the cookies.