Below, I just posted a piece by Richard Vague, a finance expert and businessman, on the subject of whether and when the U.S. government should bail out large firms.
Richard Vague was co-founder and former CEO of First USA Bank and former CEO of Juniper Financial. He also publishes Delancey Place. Richard Vague recently spoke at the New America Foundation on the connection between the Iraq War, high oil prices, and what was happening to the US. economically. Here is a shorter clip.
A loyal TWN reader highlighted this part of the Bush administration’s bail-out proposal to Congress: Sec. 8. Review. Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.
(image creator: Bandar Raffah) This wallpaper image was created by a friend and blogger Bandar Raffah. A larger version is available here. Guantanamo remains an obvious malignancy on America’s global image.
(photo credit: Timothy Burger) This photo was taken in Anchorage, Alaska on September 11th and sent in by journalist and “Suspicious Package” band member Timothy Burger. Russia was not in sight that day. For a slightly larger version of the photo click here.
Uh-oh. John McCain thought that the deregulation of the banking sector was awesome before he thought it wasn’t awesome. His enthusiasm for the success of financial market deregulation was captured by Paul Krugman in a note about McCain’s intentions to apply the same approach to the health care market.
Former Iraq Deputy Prime Minister Ahmad Chalabi has told Iranian news sources that the U.S. is trying to engineer a deal with the Iraqi government to allow “secret bases.
Broadcasting Live with Ustream.TV Tonight I will be moderating a discussion with two of the most significant foreign policy observers and practitioners in America today — Zbigniew Brzezinski and Brent Scowcroft. Brzezinski, who is a Trustee & Counselor at the Center for Strategic and International Studies, was National Security Advisor to Jimmy Carter.
Where in the world is Spain? — Steve Clemons
Today, the Securities and Exchange Commission, according to CNN, “bans short selling of financial stocks on U.S. markets to “strengthen investor confidence.
