Month: September 2008

Our eloquent president: “If money isn’t loosened up, this sucker could go down,” President Bush declared Thursday as he watched the $700 billion bailout package fall apart before his eyes, according to one person in the room....

Cross-posted from the European Tribune. Some may call it irrational antipathy to rich bankers who gambled huge fortunes of other people’s money and lost – but not before they had paid themselves $Billions in bonuses....

Note to some readers here: if you find yourself suddenly agreeing with House Republicans and senators like Jim DeMint and Jim Bunning, you might want to check your meds or reassess your assumptions. Irrational hatred of Wall...

The UberBailout is on the clock according to both sides.  There’s a basic skeleton of a deal out now that would phase in the $700 billion over time:The chairman of the House of Representatives Financial Services...

I think the Big Shitpile bailout deal has fallen through. Expect the worst day on Wall Street tomorrow that we’ve seen in a long while. Also, do not expect John McCain to show up in Mississippi. Today should have been a...