Bailout and Financial Crisis News

North Korea’s leader Kim Jong Il and U.S. President Barack Obama may not have that much in common politically, but when it comes to playing the role of figurehead, they have a lot of similarities. Both want to get out there and be seen supporting the economy. So we thought, we wonder how much their photo shoots [...]

The reform that President Obama made a centerpiece of his campaign for financial regulation earlier this year gets the short shrift in the bill proposed by Senator Chris Dodd today. The so-called “Volcker Rule” which would prohibit banks from proprietary trading or investing in hedge funds and private equity funds will not become part of [...]

One of the big “improvements” to the healthcare plan, this time around, is the removal of a special perk for Nebraska that Democrats dangled in order to get Senator Ben Nelson to vote “YES”. The solution actually was to give all states the same perk. But the President has been making a big deal out of the [...]

It’s early in the day, so don’t hold us to this being the ONLY quote of the day, but The Wall Street Journal’s write-up of plaintiffs’ attorneys jockeying to take the lead in the Toyota litigation provides some honest gems. Having one’s client be named lead plaintiff will bring, the WSJ notes, “influence over the debate [...]

David Frum: Romneycare Sure Looks Like Obamacare: I have to say I got a big chuckle out of Romney’s healthcare chapter. Two years ago, I published a book on conservative reform that urged conservatives to pay more attention to the social costs of obesity. Those lines prompted National Review’s book reviewer to ceremonially drum me out [...]

As reported by Neal Ungerleider at True/Slant, rumors are spreading across the Arab-speaking internet that Egyption Prisdent Hosni Mubarak has died after surgery in Germany. The talk of the Egyptian blogosphere right now is a fast-spreading rumor that President Hosni Mubarak has died. Hundreds of Egyptian and Arabic-speaking Twitter users are posting news of the 81-year-old [...]

This is nuts. A news network in the nation of Georgia doing a special about what a “worst case scenario” would look like, caused mass panic by running a report on a Russian invasion, which claimed that the President had been captured. What makes this story particularly interesting is the suspicion that the Georgian government lead by [...]

March 13, 2010 We are about to enter the great debate on financial reform. Unlike other stymied political initiatives, this one is likely to pass. The final form is still unknown but the details are being shaped up, and there is where the devil will emerge. The Obama administration will not cure the [...]

Ben Armbruster writes: Think Progress: Sen. Tom Udall Calls Reid’s Promise To ‘Take A Look At The Filibuster’ A ‘Warning Shot’ To Republicans: Motivated by unprecedented GOP obstruction this year in the U.S. Senate, Sen. Tom Udall (D-NM) recently announced a proposal to revamp the Senate’s filibuster rules at the start of the next Congress. Citing [...]

Henry Farrell: The EMF as camel’s nose: As Charlemagne himself notes (he seems to think this supports his position: I’m not sure why), the German proposal is resulting in howls of outrage from the president of the Bundesbank and Germany’s representative at the ECB. Both of them seem to be doing their very best impressions of [...]

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