Guest Post by Richard Vague: Should We Bail Out Large Corporations?

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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.

Treasury Secretary as Absolute Monarch?

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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.

Why Haven’t We Closed Guantanamo Yet?

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(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.

A View on 9/11

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(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.

Chalabi: US Wants Secret Iraq Bases

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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.

Palin Invitation to Anti-Iran Rally Withdrawn

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Make no mistake, this is the result of a grassroots campaign, though Hillary Clinton’s decision to withdraw herself in outrage surely played a major role. This action alert found its way to me through a few different channels. It got big.

Dropping My Shorts

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Today, the Securities and Exchange Commission, according to CNN, “bans short selling of financial stocks on U.S. markets to “strengthen investor confidence.