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Mad Money

I have a confession to make. I've been trying to grasp the national global economic situation. I even constructed a (popular and recently updated) timeline. But I didn't feel I could make any sense of it, Because, no matter how many times I've had it explained to me,...

Meltdown Timeline, Updated

Yikes! I realized that the Meltdown 2008 timeline needed updating, with all that's gone on this week. And when I logged in to add new events I discovered my timeline was featured on the front page, among the "Trending Topics - Making a Splash"! (The screenshot below...

The Bribe So Far: $151 Billion

In the unsanitary sausage kitchen that is Congress, the bailout bill that the Senate approved Wednesday night is particularly ugly and smelly. Must vote-buying be so shameless in the midst of a serious financial crisis? We've focused a lot on what this bailout bill...

This Bailout Is Still A Bad Deal

The Senate voted overwhelmingly to pass a bad bailout bill last night. Nothing to kick-start the real economy, except tax breaks for business. No help for homeowners.. No mandate for taxpayers to get shares in the banks that are bailed out. Virtual unchecked...

Happy Energy Freedom Day! ... Uh, Where's The Party?

Today, the ban on most coastal drilling has officially expired. Conservatives planned to claim this day as "Energy Freedom Day." But the celebration seems awfully quiet. Conservative politicians, who went into a "Drill, Baby, Drill" frenzy all summer, got exactly what...

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