Posts filed under “Bailouts”

Byron Dorgan on the 1999 Financial Modernization Act

In 1999 Congress passed the Financial Modernization Act, which allowed banks, insurance companies and investment houses to merge. Many experts point to it as one of the causes of our current financial crisis. At the time, Byron Dorgan was one of the few senators to speak out strongly against the legislation. Looking back, his predictions in 1999 seem prophetic and, looking forward, his views raise more questions about the $700 billion bailout plan.

Video after the jump


Byron Dorgan’s Crystal Ball
Lagan Sebert
American News Project, Oct 01, 2008

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Category: Bailouts, Video

Bailout Plan Open Thread

Category: Bailouts, Weblogs

We need to act quickly on the Bailout!

Category: Bailouts, Taxes and Policy

Stiglitz on Worst Case Scenario

Economist Joseph Stiglitz says everyone would be hurt if nothing is done


"Worst Case Scenario"

Originally broadcast: 60 Minutes – Sun Sep 28,  7:00 PM ET      

Category: Bailouts, Credit, Derivatives, Economy, Video

House Votes Down Bailout Bill; Dow Down 716

Category: Bailouts, Markets, Trading

Ron Paul on the Bailout

Ron Paul schools the rest of the House on the Bailout bill

September 29, 2008 C-SPAN 

via CSpan Junkie

Category: Bailouts, Video

Market Votes Nay on Bailout Plan; Dow Off 330

Category: Bailouts, Markets, Trading

What Lehman’s Collapse Would Have Wrought

Category: Bailouts, Credit, Derivatives, Federal Reserve, Taxes and Policy

Fed & Treasury Needs to Stop Targeting Asset Prices

Category: Bailouts, Credit, Federal Reserve, Real Estate, Taxes and Policy

James Grant in FT

Good interview in FT:

Part I

Part II

Part III

click for video

Category: Bailouts, Video