Some reactions to the new Federal Reserve plan to buy short-term debt (a.k.a. "commercial paper) directly from corporations that have been caught by the credit freeze: Felix Salmon is "not convinced" that it "is necessarily a great idea." "I just wish that the policy response to this crisis was …
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Another step towards nationalizing the finance sector
http://www.salon.com/tech/htww/2008/10/07/fed_commercial_paper_plan/index.html?source=rss&aim=/tech/htww -
Another day, another radical Fed plan
http://www.salon.com/tech/htww/2008/10/07/radical_new_fed_plan/index.html?source=rss&aim=/tech/htwwThe Tuesday issue of The New York Times is full of alarming economic news, but nothing more so than the announcement that the Federal Reserve is putting together yet another radical plan to goose credit markets back into life. In "Fed Considers Plan to Buy Companies' Unsecured Debt," New York Times reporters Edmund L. …
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Mr. Megabank endorses Obama
http://www.salon.com/tech/htww/2008/10/06/hugh_mccoll_obama/index.html?source=rss&aim=/tech/htwwCiting Barack Obama's "intellect, fortitude and temperament," Hugh McColl, the North Carolina banker who built a small regional bank into the powerhouse currently known as Bank of America, endorsed the senator from Illinois for president in the Charlotte Observer today. …
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The Fed and commercial paper funds
http://www.salon.com/politics/war_room/2008/10/07/american_l...Federal Reserve is about to take control of the Commercial Paper Fund Facility makes you scratch your head wondering, “what the hell are commercial paper funds?â€, you certainly should read our own Andrew Leonard who explains how this part of the financial world works. But in addition there’s also a great, unofficial Finance-for-Dummies radio program with which, I suspect, many Salon readers are already all too familiar: "This American Life."
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Progressive Fitchburg
http://progressivefitchburg.blogspot.comwith a savings of $0.90-$2.50. Sweet! This is the "offshore drilling" stuff so popular with Bush and McCain and all their toadies these days. The one that would take 10 years before any oil would start flowing and then wouldn't actually have any impact on prices anyway. Well, maybe after 2030. But probably not. This isn't working so well for Mr. Bech. All his savings are disappearing! So, what's left? blah blah blah "gas tax holiday" for 18 cents. Man, do I even need to mention this one? Like the way every
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didionville
http://didionville.comsense for me to rewrite existing resources. here are some good articles to read. i especially like andrew leonard’s column for salon: “how the world works.” his entries are centrist, economical (a punny!), and illuminating. on derivatives … brother, can you spare some credit? (salon, april 13, 2006) wall street bets on a housing bubble (salon, april 18, 2006) panic on wall street (salon, august 17, 2007) too interlinked to fail (salon, april 4, 2008) mccain: how not to explain a meltdown
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Texas Editor
http://texaseditor.blogspot.comAnother day, another radical Fed plan
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Fast-Forwarding Toward Socialism
http://www.cheatseekingmissiles.com/2008/10/07/fast-forwardi...Salon
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Andrew Leonard: Global economy panic attack; Dow drops 500
http://delong.typepad.com/egregious_moderation/2008/10/andre...Global economy panic attack; Dow drops 500 - How the World Works - Salon.com
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Wall Street Tanks, Investment Firms Shown to be Behind Crash of FM's
http://casadelogo.typepad.com/factesque/2008/10/wall-street-...and feminists? What about atheists? The conservatives are in such disarray they haven't even managed to find a way to blame Hollywood? They really are losing their touch. They'll get to it but one lie at a time: it wasn't us. At Salon, Andrew Leonard males it quite clear it wasn't the FM's that caused this, nor were they badgered into doing it by liberals whining about giving the poor a chance to buy a house. No, the badgers turn out to be Bear Stearns, Lehman Brothers, and TreasSec Henry Paulson's
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Issue of the day: mark to market accounting
http://meganmcardle.theatlantic.com/archives/2008/10/issue_o...Andrew Leonard cuts loose
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WBGO Blog: Jazz and Beyond
http://www.wbgo.org/blogMcCain falsely rips Obama on the path to citizenship Sparking to battle on the Spanish tip Obama releases fraudulent response to crush Saying McCain is down with Rush While Obama flips on FISA and offshore drilling Palin says she can’t see what god’s willing 50 states await the impending debates Who will have the tight sound bytes? Who will be ineffectual? Will Obama come of as way too intellectual? He can float like a
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McCain: pass it on
http://nielsenhayden.com/makinglight/archives/010647.htmlthat financial scandal and the current one, McCain professed to have learned his lesson, but actually learned nothing at all. As of this Monday morning, 06 October 2008, with the global economy severely destabilized and in panic mode, here's the McCain campaign's take on the important issues. Amy Silverman's Postmodern John McCain: the presidential candidate some Arizonans know--and loathe is a mother lode of local Arizonan coverage of McCain's vile past. It's a big article. Pack a lunch. If you need help sorting out Silverman's article,
