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Fate of Bailout Plan Remains Unresolved

NY Times - The talks broke up in angry recriminations, according to accounts provided by a participant and others who were briefed on the session, and were followed by dueling news conferences and interviews rife with partisan finger-pointing.

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Can the Bailout Prevent an Economic Meltdown?

Spiegel - Despite the historically unprecedented bailout package for Germany’s banking sector there are growing concerns that a deep recession is on the way. Will the German government have to put together a rescue plan for the broader economy as well?

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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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In Praise of a Rocky Transition

Nation, by Naomi Klein - The more details emerge, the clearer it becomes that Washington’s handling of the Wall Street bailout is not merely incompetent. It is borderline criminal.

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