Thanks to Danya’s RuttenBerg’s blog for pointing out that there are alternatives to asking US taxpayers for 700 Billion dollars; here’s an interesting position/plan from Senator Bernie Sander’s (Vermont). Also, are you wondering how we got into this whole banking/mortgage mess?  Read about the history of deregulatioin starting in the early 1980’s.

The current political and financial scene in Washington and New York could not be unfolding in a more dramatic fashion.  Key congressional leaders, the President, McCain, Obama, and Secretary Paulson met late into the evening yesterday only to walk away with no deal to rescue US banks and the ailing markets.  Click here for a brilliant account of the events via Stolberg of […]

Bo Lundgren, ex Swedish Finance Minister, knows how to fix economic problems.   And now he’s teaching the US government how to fix its current crisis.  Lundgren was Finance Minister during the Swedish banking crisis of the early 1990’s and the solution, at the time, was easy: big government intervention in the form of cash and (part) government ownership of ailing banks.  Call […]