masaccio

Well, actually, we didn't.

It sure looks to me like we could do a lot better with nationalization than with a receivership, if Citibank is, in fact insolvent.

Geithner promises "stress testing" of big banks. What did he mean?

The first step to valuing toxic waste is to understand exactly what it is. Only then can you start figuring out what it's worth.

Economics is hard. That's why we need experts. Corporate media and politicians don't care. Even expertise is too hard for them.

Two good ideas are better than one. Even if one of them comes from Lamar Alexander.

Collin Peterson, D MN-07, proposes legislation banning naked credit default swaps. Financial Elites explain why this is very horrid.

Citibank and Bank of America are loaded with credit default swaps. If we nationalize them, we wind up paying off speculators. If the Bad Bank buys them, we are doubly screwed. Is there no scenario where taxpayers don't get screwed?

Kirsten Gillibrand's website shows the kind of tranparency we should expect of our own congresspeople: she posts all lobbyists who visit on-line. If we know who they are and what they want, we can fight back.

There is a way of praying that includes all of us.