Top Leaderboard, Site wide
September 1, 2014
Truthdig: Drilling Beneath the Headlines
Help us grow by sharing
and liking Truthdig:
Sign up for Truthdig's Email NewsletterLike Truthdig on FacebookFollow Truthdig on TwitterSubscribe to Truthdig's RSS Feed

Newsletter

sign up to get updates


Truthdig Bazaar more items

 
Tags

Tag: Treasury

Paulson in negotiations
AP photo / Lauren Victoria Burke

Bailout Deal (Almost) Done

Early Sunday morning brought word that the end of the drawn-out bailout negotiations between warring factions of the federal government might finally be at hand, although the House and Senate had not yet officially approved terms of the proposed plan. Updated

Posted on Sep 27, 2008 READ MORE



house.gov

Pelosi Claims ‘Great Progress’ on Bailout Deal

Just a day after negotiations seemed to break down, House Speaker Nancy Pelosi struck a confident tone. So did Rep. Barney Frank, who threw in some of his patented sass: “Now that Sen. McCain is safely in Mississippi, we can get to serious work.”

Posted on Sep 26, 2008 READ MORE


McCain Has a Meltdown of His Own

John McCain is rapidly making his temperament an inescapable issue in the presidential campaign. Does the nation really want so much drama in the White House?

Posted on Sep 25, 2008 READ MORE


Back in the USSR

In the late 1990s, Washington was in the throes of a deregulatory orgy. Many lampooned Rep. Bernie Sanders’ opposition to the grotesquerie, and his notoriety as the only self-described socialist in Congress. Nobody guessed that in a few years our country would become the United States’ Socialist Republic.

Posted on Sep 25, 2008 READ MORE



AP photo / Manuel Balce Ceneta

They Claim the Bailout Is Necessary, but Is It Constitutional?

Wall Street will not trouble its collective consciousness with worry over the Constitution. But this bailout bill is virtually unprecedented in its assumptions and its reach for unchecked power.

Posted on Sep 25, 2008 READ MORE


Paulson
AP photo / J. Scott Applewhite

A Fox to Protect the Henhouse?

Does it really matter which party is in charge when it comes to bailing out the Wall Street hustlers whose shenanigans have bankrupted so many ordinary folks? Not if the Democrats roll over and cede power to the former head of Goldman Sachs, the investment bank at the center of our economic meltdown.

Posted on Sep 23, 2008 READ MORE



White House / Joyce N. Boghosian

Fed Chief: Pass a Bailout or Else

How’s this for not mincing words? “I believe if the credit markets are not functioning, that jobs will be lost, that our credit rate will rise, more houses will be foreclosed upon, GDP will contract, that the economy will just not be able to recover in a normal, healthy way.” So sayeth Ben Bernanke on Tuesday, in a dire warning to Congress.

Posted on Sep 23, 2008 READ MORE


Getting the Bailout Right

Unless something very strange happens, Congress will pass a massive bailout of the financial system by the end of this week simply because every other option is worse. But the content of the bailout package matters enormously.

Posted on Sep 22, 2008 READ MORE


Socialism for Dummies

So this is how the “ownership society” works. We own all the bad stuff.

Posted on Sep 22, 2008 READ MORE


So Much for the ‘Masters of the Universe’

Let’s be clear about why we’re facing a crisis that could pull down the global financial system. The irresponsibility of individuals who bought houses they couldn’t quite afford pales in comparison to the irresponsibility of the financial wizards who built on those shaky mortgages a towering edifice of irrational faith.

Posted on Sep 22, 2008 READ MORE


Frank and reporters
AP photo / Charles Dharapak

Bailout Negotiations Inch Forward

It seems that some key officials involved in the negotiations with the Bush administration over the terms of Treasury Secretary Henry Paulson’s $700-billion bailout proposal for Wall Street aren’t about to make a deal unless it includes specific plans for congressional oversight and help for homeowners on the brink of foreclosure.

Posted on Sep 22, 2008 READ MORE


This Is the Man Who’s Going to Fix the Economy?

John McCain was telling the truth when he said that economics wasn’t his strong suit. In response to what many economists have called the worst financial crisis since the Great Depression, the Republican nominee has sounded—and let’s be honest here—totally, embarrassingly and dangerously clueless.

Posted on Sep 18, 2008 READ MORE


Krugman on Bank Collapse and ‘1931 Revisited’

Financial columnist Paul Krugman, trying to make sense of the Lehman Brothers debacle, warns that “the defenses set up to prevent a return of those bank runs, mainly deposit insurance and access to credit lines with the Federal Reserve, only protect the guys in the marble buildings, who aren’t at the heart of the current crisis. That creates the real possibility that 2008 could be 1931 revisited.”

Posted on Sep 15, 2008 READ MORE


Markets Respond to Fannie, Freddie Takeover

Investors have been throwing money at stock markets the world over following the news that Fannie Mae and Freddie Mac have been placed under federal conservatorship. Some analysts are confident that the move will stabilize the mortgage giants and, in turn, a tanking housing market. With hundreds of billions of taxpayer dollars on the line, let’s hope they’re right.

Posted on Sep 8, 2008 READ MORE


Obama and economic advisers
AP photo / Jae C. Hong

Sucking Up to the Bankers: A Bipartisan Lovefest

This is a time to condemn the bankers, not to embrace them. They are the scoundrels who got us into the biggest economic mess since the Great Depression, lining their own pockets while destroying the life savings of those who trusted them.

Posted on Jul 29, 2008 READ MORE


Seven Years of Scandal

The latest plot twists are stunners, even as they unfold against the scandalous backdrop of the Bush administration’s sorry regulatory record.

Posted on Apr 8, 2008 READ MORE


The Secretary’s New Clothes

Treasury Secretary Henry Paulson has announced what the media are calling a “massive overhaul” of America’s regulatory agencies, but columnist and liberal economist Paul Krugman isn’t impressed. Krugman doesn’t think the administration’s cosmetic solutions will mitigate our current economic crisis or prevent the next one.

Posted on Mar 31, 2008 READ MORE


The Stimulus Swindle

Stimulus—you’ve probably heard this nebulous, scientific-sounding word this week. Every politician suddenly wants economic “stimulus,” and wants you to think this “stimulus” is unequivocally good.

Posted on Jan 24, 2008 READ MORE


Pelosi and Bush
news.google.com

House, Bush Cut Stimulus Deal

House Democrats, Republicans and President Bush have tentatively agreed on the broad outlines of a $150-billion stimulus package. Most of that money will come in the form of payouts ranging between $300 and $1,200 for individuals and households.

Posted on Jan 24, 2008 READ MORE


Money Problems

Share
Posted on Nov 20, 2007 READ MORE


Follow the Taxpayer’s Money

McClatchy: “Top Commerce and Treasury Departments officials appeared with Republican candidates and doled out millions in federal money in battleground congressional districts and states after receiving White House political briefings detailing GOP election strategy.”

Posted on Aug 17, 2007 READ MORE



danmahony.com

IRS Workers Fall for Simulated Password Scam

According to a recent internal audit, 60 percent of IRS employees fell for the oldest trick in the book, allowing auditors posing as help-desk employees access to their digital identities, and by extension your personal and private information.

Posted on Aug 3, 2007 READ MORE


Michael Moore

Fox’s Gibson Joins the Michael Moore Witch Hunt

John Gibson of Fox News attempts to “nail” Michael Moore for his recent trip to Cuba, arguing rather desperately that Moore cannot be considered a journalist because his last movie grossed $100 million and journalists are supposed to be underpaid.

Posted on May 11, 2007 READ MORE


Michael Moore
news.bbc.co.uk

U.S. Investigates Michael Moore

The Treasury Department is investigating documentarian Michael Moore over a recent trip to Cuba that the government says may have violated the trade embargo. Moore brought a group of ailing 9/11 rescue workers to the island nation in making his latest film, “Sicko,” an exploration of the healthcare system.

Posted on May 10, 2007 READ MORE


Money for Nothing

The news that the Treasury will once again sheepishly release a small batch of dollar coins raises the question: Why are Americans so hung up on paper money when countries like Britain and Canada have enjoyed the benefits of coinage for years? Don’t scoff—the Government Accountability Office estimates potential savings at $500 to $747.5 million annually.

Posted on Mar 16, 2007 READ MORE


Henry Paulson and President Bush
From turkishdailynews.com.tr

New Treasury Secretary Channels Paul Krugman

Bush’s new secretary of the Treasury, former Goldman Sachs CEO Henry Paulson, said in his first public remarks since taking office that he recognized the economy was not benefitting all Americans.

  • That’s quite an understatement—as Paul Krugman made abundantly clear in a 2002 N.Y. Times Magazine essay—but for a Bush appointee, it was a hell of an admission.
  • Posted on Aug 1, 2006 READ MORE


    Powell - Treasury Dept. Priorities

    Share
    Posted on Jun 26, 2006 READ MORE


    Going Deeper and Deeper Into Hock

    Congress just raised our debt ceiling—the amount we’re allow to borrow—by $781 billion. It was either that or default on our treasury notes. This is the fourth debt-ceiling increase since Bush took office—some $3 trillion in total. Dick Cheney may have said that deficits don’t matter, but try telling that to the next generation of Americans, who are going to have one helluva credit card bill to pay off.

    Posted on Mar 16, 2006 READ MORE


    Report: Tax Cuts Don’t Pay for Themselves

    A nonpartisan, nonprofit think tank concludes: “the tax cuts have not paid for themselves, recent economic growth and revenue growth have not been particularly strong, and revenues remain lower than had been predicted before the tax cuts were enacted.”

    Posted on Mar 10, 2006 READ MORE


    Port Deal Never Probed for Terror Ties

    A Republican lawmaker tells CNN that the Homeland Security Dept. never investigated whether the UAE company slotted to take control over major U.S. ports had any connection to Al Qaeda or other terrorist groups.

    Posted on Mar 1, 2006 READ MORE


    View older articles:  <  1 2 3

    View the most popular tags overall?

     
    Right 1, Site wide - BlogAds Premium
     
    Right 2, Site wide - Blogads
     
    Join the Liberal Blog Advertising Network
     
     
     
    Right Skyscraper, Site Wide
     
    Join the Liberal Blog Advertising Network
     

    A Progressive Journal of News and Opinion   Publisher, Zuade Kaufman   Editor, Robert Scheer
    © 2014 Truthdig, LLC. All rights reserved.