Paulson Bailout Plan a Historic Swindle at izbrano

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Paulson Bailout Plan a Historic Swindle

Nation, by William Greider - The agenda is staggering. The United States is ill equipped to deal with it smartly, not to mention wisely. We have a brain-dead lame duck in the White House. The two presidential candidates are trapped by events, trying to say something relevant without getting blamed for the disaster. The people should make themselves heard in Washington, even if only to share their outrage.

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Economist - Critics say that Mr Paulson, because of ideology, has been slow to agree to commit public funds and to push government intervention. There is something to that, but it is not the full story. Mr Paulson is a dealmaker and, foremost, a pragmatist.

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The Bailout Plan: Paulson’s Pivot

BusinessWeek - The Treasury Dept. is steering away from the original intent of buying questionable mortgage-related securities—much to the chagrin of Wall Street.

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Anatomy of a Meltdown

New Yorker - Bernanke, though, remains remarkably calm. He is unapologetic about the alterations to the bailout plan, arguing that changing circumstances demanded them, and he is relieved that the Treasury Department and Congress are now leading the government’s response to the crisis. Despite grim news on unemployment, retail sales, and corporate [...]

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