Walter Brasch: Sometimes, being bathed by the wisdom of the Founding Fathers’ that all views should be heard, even the ones we disagree with, even the ones that may not be truthful, may be more than any citizen should have to endure.
The Audacity Of Greed should be the title of President Obama’s next book. Never could he have imagined how tough getting out of an economic recession (borderline depression) when he signed up for the presidency. He knew the job was tough when he took it, he just didn’t know that greed would continue to trump [...]
The two most important features of the administration’s plan to help homeowners are, first, its support for amending bankruptcy laws to allow judges to modify mortgages. This will give homeowners bargaining leverage with mortgage servicers (and give the servicers more leverage with securitized creditors on up the line) to get better terms; and, second, a [...]
by Charley James – In the 1950s, “Engine” Charley Wilson – then chairman of General Motors – said “What’s good for GM is good for America.” We’re about to find out that the reverse is also true.
Thursday morning, House Democrats took firm control of the environment issue by ousting Energy and Commerce Committee chair Rep. John Dingell. In his place, the caucus chose Rep. Henry Waxman. Besides seating a committed environmentalist as head of the influential energy committee, the vote removes one of the auto industry’s best friends from a key [...]
Hank Paulson has just about burned through $300 billion, and it’s not clear what the public has got out of it. Perhaps things would be worse without the bailout but they’re certainly no better. Wall Street banks have not significantly stepped up their loans to small businesses, college students, car buyers, or distressed homeowners. Much [...]