The Price of House

Mike Luckovich / Truthdig May 27, 2008 Dig deeper

Senate Slogs Through Housing Bill

Staff / Truthdig May 20, 2008 Leading senators think they have made a bipartisan breakthrough on legislation aimed at the mortgage crisis. A parallel effort in the House met with Republican opposition, and it's not entirely clear where President Bush and his veto pen stand on the matter. Dig deeper ( 1 Min. Read )

The Plague of Potomac Fever

David Sirota / Truthdig May 2, 2008 Congress is ravaged by a disease inside the Washington Beltway inhibiting emotions like compassion and integrity. As the housing crisis intensifies, this malady is getting worse. Dig deeper ( 3 Min. Read )

Burning Down the House

Staff / Truthdig Apr 21, 2008 From the L Times: "In what appears to be the latest symptom of the nation's mortgage meltdown and credit crisis, insurers, law enforcement officials and state agencies nationwide report a jump in home and automobile fires in the last year believed to have been set by owners unable to pay their debts". Dig deeper ( 1 Min. Read )

Democratic Voters Agree: Bail Us Out

Staff / Truthdig Apr 17, 2008 According to a new L.A. Times/Bloomberg poll, the vast majority of Democratic voters in the next three primary battlegrounds want the government to bail out struggling homeowners. Most don't seem to care that the Fed rescued Bear Stearns; they just want the same treatment. Dig deeper ( 1 Min. Read )

Billions to Business in Foreclosure Bill

Staff / Truthdig Apr 16, 2008 With a mind-set reminiscent of the Bush administration's recent bailout of mortgage lenders, the Senate last week approved the Foreclosure Prevention Act, a bill that provides billions of dollars in tax breaks to big businesses like Ford and General Motors but takes only modest steps in addressing the plight of homeowners. Dig deeper ( 1 Min. Read )

Can YOU Spend $3 Trillion Better Than Bush?

Staff / Truthdig Apr 15, 2008 We've all heard of Publishers Clearing House, but this is a whole new ballgame, people. Robert Greenwald's Brave New Films team has come up with a game that offers each player the fictional (sigh) amount of $3 trillion, the same amount the Iraq war is projected to cost the U.S., and a whole virtual mall's worth of fun "shopping" items to buy. Dig deeper ( 1 Min. Read )

The USS Economy

Mike Luckovich / Truthdig Apr 10, 2008 Dig deeper

It Ain’t Argentina This Time

Staff / Truthdig Apr 9, 2008 The International Monetary Fund, the darling lending institution of neoliberal capitalists, believes that the US's current mortgage crisis is dragging down the world economy The IMF is predicting at least a two-year global economic downturn, led by the U credit crunch, that also has a gambling chance of turning into a "global recession". Dig deeper ( 1 Min. Read )

It’s the Economy, John

Staff / Truthdig Mar 28, 2008 Both Hillary Clinton and Barack Obama gave major economic policy speeches Thursday, outlining specific proposals and highlighting John McCain's relative weakness on the subject. Obama called for a boost in regulation and an additional $30 billion in stimulus while Clinton proposed a job retraining program. Dig deeper ( 1 Min. Read )

Slap Down ‘Free Market’ Pirates

Joe Conason / Truthdig Mar 27, 2008 For years, District Attorney Robert Morgenthau has warned that the nexus of capitalism and criminality poses a serious threat to America. With Bear Stearns now in ruins, maybe we will listen to him. Dig deeper ( 3 Min. Read )

Greed Is Not Good

Marie Cocco / Truthdig Mar 25, 2008 The housing crisis brings to mind Gordon Gekko, that fictitious ambassador of Wall Street whose words, then and now, remind us why uninhibited capitalism just doesn't work. Dig deeper ( 3 Min. Read )