Following the financial crisis these last two days

I’ve been reading tons about the proposed plan to bail out Wall Street (and save us all?) What I twittered this morning (“I’m seriously worried that the Bush admin is trying to pull another fast one with the Paulson plan — time to call my congressional reps.”) is still pretty much how I feel tonight.

I wish I could just summarize for you this complicated situation. Instead, I’ll just list some of the articles I’ve read and let you draw your own conclusions. (I am proud to say that I did call the office of my local congressman (Mike Doyle) to express my concerns.)

  1. “The Wall Street Bailout Plan, Explained – Question – NYTimes.com,” http://www.nytimes.com/2008/09/21/business/21qanda.html?em.
  2. Brian Knowlton and David M. Herszenhorn, “Bipartisan Support for Wall St. Rescue Plan Emerges,” The New York Times, September 22, 2008, sec. Business, http://www.nytimes.com/2008/09/22/business/22talkshow.html?hp.
  3. “Fair Game – Your Money at Work, Fixing Others’ Mistakes – NYTimes.com,” http://www.nytimes.com/2008/09/21/business/21gret.html?em.
  4. “Foreign Banks Hope Bailout Will Be Global – NYTimes.com,” http://www.nytimes.com/2008/09/22/business/22global.html?hp=&pagewanted=all.
  5. Thomas L. Friedman, “No Laughing Matter,” The New York Times, September 21, 2008, sec. Opinion, http://www.nytimes.com/2008/09/21/opinion/21friedman.html?em.
  6. “Few Limits Proposed for Treasury – WSJ.com,” http://online.wsj.com/article/SB122204156493561237.html?mod=article-outset-box.
  7. “Banks Rush to Shape Rescue Plan – WSJ.com,” http://online.wsj.com/article/SB122204115528161189.html?mod=article-outset-box#articleTabs%3Darticle.
  8. “No deal – Paul Krugman – Op-Ed Columnist – New York Times Blog,” http://krugman.blogs.nytimes.com/2008/09/20/no-deal/.
  9. “U.S. Bailout Plan Calms Markets, But Struggle Looms Over Details – WSJ.com,” http://online.wsj.com/article/SB122191819568460053.html#articleTabs%3Darticle.
  10. “Paulson Bailout Plan a Historic Swindle,” http://www.thenation.com/doc/20081006/greider.
  11. “Mixed reviews of relief plan sent to Congress,” http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/09/20/MN28131DBP.DTL.
  12. “Powell Memo – Wikipedia, the free encyclopedia,” http://en.wikipedia.org/wiki/Powell_Memo.
  13. “A Fair Plan to Pay for Economic Recovery,” http://www.thenation.com/doc/20081006/collins.
  14. “Democrats Begin to Set Own Bailout Terms – NYTimes.com,” http://www.nytimes.com/2008/09/22/business/22paulson.html?hp=&pagewanted=all.
  15. John Harwood and Michael Cooper, “2 Candidates Back Bailout, With Caveats,” The New York Times, September 22, 2008, sec. U.S. / Politics, http://www.nytimes.com/2008/09/22/us/politics/22campaign.html?pagewanted=all.
  16. “High Anxiety,” http://www.weeklystandard.com/Utilities/printer_preview.asp?idArticle=15590&R=13C1A13C72.
  17. “Busch: The Political Process And The Plan – CNBC Guest Blog – CNBC.com,” http://www.cnbc.com/id/26835648/print/1/displaymode/1098/.
  18. “The Daily Dish | By Andrew Sullivan,” http://andrewsullivan.theatlantic.com/the_daily_dish/2008/09/trust-us.html#more.
  19. “Democrats want pay limits, loan aid in bailout,” http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2008/09/22/national/w091157D44.DTL&tsp=1.
  20. “John Steele Gordon on the Financial Mess: Greed, Stupidity, Delusion and Some More Greed – Freakonomics – Opinion – New York Times Blog,” http://freakonomics.blogs.nytimes.com/2008/09/22/john-steele-gordon-on-the-financial-mess-greed-stupidity-delusion-and-some-more-greed/.
  21. “News Analysis – In Bailout, Seeing a Need for a Penalty – News Analysis – NYTimes.com,” http://www.nytimes.com/2008/09/23/business/23skeptics.html?hp=&pagewanted=all.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.