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Related tags: 2008 election, auto restructuring, barack obama, bushco, chris dodd, congress, corporate cons, disaster capitalism, economics, labor

  1. Obama to Deliver Major Economic Speech, Push “Recovery and Reinvestment”

    Obama to Deliver Major Economic Speech, Push “Recovery and Reinvestment”

    Firedoglake - Jan 8, 2009

    Photo via iceman9294. This morning, Barack Obama is scheduled to give a speech on the economy which is a designed to push forward work on the stimulus package percolating through Congress. It will begin at 11 am ET at

    Also tagged: barack obama, economics

  2. Credit Default Swaps: Too Big To Fail

    Credit Default Swaps: Too Big To Fail

    Firedoglake - Jan 7, 2009

    On December 23, the Commodity Futures Trading Commission gave the Chicago Mercantile Exchange the go-ahead to organize a clearinghouse for credit default swaps. This didn’t require any hearings, or any rule-making

  3. Obama’s Press Conference on the Economy

    Firedoglake - Jan 6, 2009

    Lot of people slipping into poverty. Hope Congress can remember that when they're passing out favors to their rich friends. UPDATE: Second part of the conference, Q&A

  4. Paulson: It Wasn’t Our Fault, It Was Those Greedy Investors

    Paulson: It Wasn’t Our Fault, It Was Those Greedy Investors

    Firedoglake - Jan 5, 2009

    Looks like Paulson agrees with Greenspan: Markets can’t be trusted to do anything useful. He tells the Financial Times … in the years leading up to the crisis, savings from nations such as China and oil exporters --

  5. Miss Direction Says: Keep Your Eye On The Ball

    Firedoglake - Jan 5, 2009

    One's a bloviating echo chamber. Two's company: O'REILLY: All right, so you are agreeing with me then that there is a conscious effort on the part of The New York Times and other liberal media to basically paint as

    Also tagged: economics, random wingnuttery, gop ethics, gop media complex

  6. Economic Predictions Scorecard

    Economic Predictions Scorecard

    Firedoglake - Jan 4, 2009

    I made a number of predictions for 2008. This is going to be a quick review of the main ones, though not all of them, to see how they did. Bold is succesful, italics is failed, regular text is a punt (ie. it hasn't

    Also tagged: economics

  7. With Chris Cox, Suckers Are Everywhere

    With Chris Cox, Suckers Are Everywhere

    Firedoglake - Jan 3, 2009

    CC by GL Remember just a few days ago when SEC Chairman Chris Cox was doing his best George Bush imitation and trying to write his history before his term of shame was over? Cox said the SEC's emphasis on enforcement

  8. Madoff’s Crookedness Was a Feature, Not a Bug

    Madoff’s Crookedness Was a Feature, Not a Bug

    Firedoglake - Dec 31, 2008

    by Shiny Things Okay, let's point out the obvious: the fact that Bernie Madoff was a crook was known to every competent financial professional. If they didn't know that, it was because they weren't competent or they

    Also tagged: economics

  9. Mitch McConnell Obstructs Stimulus

    Mitch McConnell Obstructs Stimulus

    Firedoglake - Dec 31, 2008

    The most powerful GOP in DeeCee announced Monday that there's no rush on the Obama stimulus to the Bush economy. Lots of hearings, lots of new safeguards -- no reason to hurry as the Bush Economic Miracle™ drives

  10. Financial Calamity: We’re Such a Bunch of Boobs, Ha, Ha, Ha

    Firedoglake - Dec 30, 2008

    We’re just a bunch of ignorant people, unable to understand the world around us, says this guy in the NYT, under the caption Contemplating the Boobs We Were. [A] year-end toast to us all — the boobs and easy marks who

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