Live video by Ustream My favorite British barrister, Philippe Sands, will stream here at The Washington Note live at 2:30 pm EST today (7:30 pm UK time tonight). He is appearing at the funky journalists club where I hang out in London, The Frontline Club, which was first introduced to me by journalist Yosri Fouda….
Today, I’ll be up at a forum focused on the economic turmoil in the U.S. and global economies. — Steve Clemons Editor’s Note: Hat tip to BB for the jingle.
PublicMarkup.org has just put up Senator Chris Dodd’s counter proposal on a government buy-out of non-performing and failing mortgages. Thanks to Matt Stoller for sending my way.
Now after reading “Dead Treaty Walking,” I see that the START Agreement with the Russians is nearing expiration with nothing to succeed it other than bluster. I also see an American economy in meltdown mode and wars against Iran and others that many supporters of Sarah Palin are eager to nudge forward.
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.
