Monday, September 22, 2008

An evil and dangerous blank check--first impressions

Since I started this blog post Sunday evening, lots of stuff has happened, so this information is already somewhat outdated. But I still think these links are worth following:

ECHIDNE OF THE SNAKES has this analysis of the blank check that Treasury Secretary Henry Paulson wants Congress to write to bail out the nincompoops on Wall Street. One of her previous posts has more details.

One of the best explanations of this I've seen comes from a guest blogger on happening here.

Paul Krugman says no deal. (Thanks to JOTMAN for the link.)

William Greider of Tbe Nation describes Paulson's proposal as "a historic swindle." Truthout also had this New York Times account of the $700 billion bailout.

Avi Zenilman reports that many economists are against the bailout.

Senator Bernie Sanders says that The Middle Class Must Not Be Forced to Bail Out Wall Street Greed

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