(no subject)

Another explanation of the financial crisis. Pretty straightforward. Still worrying, but straightforward.

(no subject)

Another explanation of the financial crisis. Pretty straightforward. Still worrying, but straightforward.

(no subject)

By way of Talking Points Memo, another take on the financial meltdown: Journalists, start your skepticism.

The Administration has scared the markets and some key legislative leaders, but it has not laid out a coherent, specific and compelling need for this enormous proposal, which is the equivalent of a one-time 55 percent income tax surcharge. (Instead the money will be borrowed, so ask from whom and how this much can be raised so quickly if the credit markets are nearly seized up with fear.)

Ask this question -- are the credit markets really about to seize up?

(no subject)

By way of Talking Points Memo, another take on the financial meltdown: Journalists, start your skepticism.

The Administration has scared the markets and some key legislative leaders, but it has not laid out a coherent, specific and compelling need for this enormous proposal, which is the equivalent of a one-time 55 percent income tax surcharge. (Instead the money will be borrowed, so ask from whom and how this much can be raised so quickly if the credit markets are nearly seized up with fear.)

Ask this question -- are the credit markets really about to seize up?