Socialism for the Super-Rich

Staff / Truthdig Sep 17, 2008 Here we go again: The Federal Reserve is bailing out another tanking financial institution -- the insurance behemoth American International Group -- by sinking $85 billion into AIG in return for a stake in the company. Meanwhile, House Speaker Nancy Pelosi has called for a Wall Street investigation following this latest startling agreement between big government and big business. Dig deeper ( 2 Min. Read )

Obama’s Secret Weapon

Bill Boyarsky / Truthdig Sep 16, 2008 While it’s fashionable for the media and some of his own supporters to be mourning the demise of Barack Obama’s presidential campaign, they may well be overlooking an important point—that the vaunted McCain-Palin ticket has peaked. What else but such blind optimism could be motivating the unflagging energy of thousands of Obama grass-roots workers? Dig deeper ( 4 Min. Read )

Markets Brace for More Turbulence After Monday’s Drops

Staff / Truthdig Sep 16, 2008 President Bush and Treasury Secretary Henry M. Paulson Jr. attempted to head off mounting market woes and investor freak-outs at the pass on Monday as Wall Street suffered its worst losses since right after the Sept. 11, 2001, terrorist attacks. Dig deeper ( 1 Min. Read )

Candidates Debate Economy as Banks Fail

Staff / Truthdig Sep 15, 2008 While John McCain took heat for reasserting that "the fundamentals of the economy are strong," two of the five biggest American investment banks folded on Monday Bank of America bought out troubled Merrill Lynch while Lehman Brothers declared bankruptcy Update: Another big one stumbles. Dig deeper ( 1 Min. Read )

McCain Adviser on Economy: ‘Things Today Just Aren’t That Bad’

Staff / Truthdig Sep 15, 2008 On Sunday, The Washington Post ran an Op-Ed piece written by McCain campaign adviser Donald Luskin in which he argues that, despite "trouble spots in the economy," recent comparisons between the present moment and the Great Depression are the product of "pessimists" and "politics." Over to you, Alan Greenspan. Dig deeper ( 1 Min. Read )

‘Left, Right & Center’: Fannie and Freddie, Sarah and Charlie

Staff / Truthdig Sep 14, 2008 On Friday's episode of "Left, Right & Center," show regulars Matt Miller, Robert Scheer and Tony Blankley weigh in about the Fannie Mae and Freddie Mac crisis, the fate of Lehman Brothers and Republican VP nominee Sarah Palin's one-on-one with ABC's Charlie Gibson. Dig deeper ( 1 Min. Read )