UPDATE: From The Huffington Post comes this article by Dean Baker: Why Bail? - arguing there is no good reason to bail out Wall Street and several good reasons not to lift a finger.
In the immortal words of Little Richard: Good Golly, Miss Molly. What the bejeebers is going on with this economy?!
Well, we pick [...]
Maybe, if we don’t act now.
News isn’t encouraging this morning. After Senator Obama sold us out changed his mind and stated his belief that the mortgage reform angle was “probably something we shouldn’t try to do in this piece of legislation” predictably the rest of the party followed suit and declared the issue a “nonstarter.” [...]
The National Association of Consumer Bankruptcy Attorneys* has joined the growing chorus of voices demanding that Congress not give in to rampant bullying pressure to act hastily in passing bailout legislation (something I wrote about on this blog right here). As I did in that post, they’ve suggested some language for others (specifically, bankruptcy attorneys) [...]
UPDATE: There’s an even better letter you can copy and edit to send to your representatives about this issue in a more recent post I wrote about the need for bankruptcy reform as part of the legislative fix for the economy.
The Story So Far: Bailout Pending for the Big Guys Only
I read today in my [...]