The Plan for what, exactly?

From the Treasury Department: To address the challenge of legacy assets, Treasury – in conjunction with the Federal Deposit Insurance Corporation and the Federal Reserve – is announcing the Public-Private Investment Program as part of its efforts to repair balance sheets throughout our financial system and...

The $5.4 trillion we’ll pay if the stimulus package doesn’t work

A major sticking point with the bailout discussion is cost. Republicans have blared endless about just how much a trillion dollars is — a stack of $100 totaling a trillion could reach Pluto or something, go around the globe at the equator eight zillion times, etc. One facet of the stimulus package...

It’s Always The Media’s Fault

At least, that’s how Michael Goldfarb is calling it on his latest call for the WHAMBULANCE based off of a NYT story that details McCain campaign manger Rick Davis’ role as owner of a consulting firm for the now infamous Fannie and Freddie entities. As is becoming rather common from the McCain...