Staff / TruthdigSep 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 )
Bill Boyarsky / TruthdigSep 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 )
Staff / TruthdigSep 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 )
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Staff / TruthdigSep 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 )
Eugene Robinson / TruthdigOct 30, 2007
It's not surprising in the cutthroat world of Wall Street to see a big-time CEO such as Stanley O'Neal float out of the boardroom with a golden parachute. What is significant is that this grandson of a slave managed to become one of the "Masters of the Universe" in the first place. Dig deeper ( 3 Min. Read )
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