... Now, Paulson is playing same chicken game with the Democrats: Accept our plan or risk Great Depression II. Grant us sweeping authority to have taxpayers buy up worthless assets from banks, have ...Despite bipartisan deficit phobia, temporary large deficits are far superior to the alternative -- a second great depression. But these deficits shouldn't just help Wall Street. If Democrats hang tough on that ...

...security. Everything after this, loans, interest rates, etc.. is secondary. It is a matter of mind even above physical money itself. This isn't just la la talk. The 'Great Depression' came about largely because of a lack of faith in the banks. No wonder a bank is or was almost as hushed as a church. The thing to be 100%% ...

... is the sort of thing you expect, with great trepidation, if you're Haiti, or Pakistan, ...Palace, brought up the dreaded "D" word (for depression) this April at TomDispatch when, in the ... serious than anyone has witnessed for many decades. Depression, if that is what it turns out to ... bankers. That worked well enough until the Great Crash of 1929 and the Great Depression that followed and lasted until World War II. The depth of the country'...

Zaroc Stone wrote: Only a Roosevelt-Scale Counterrevolution Can Prevent Great Depression II Wrong. -- not too random uselessnet weirdness: Bill Shatzer wrote: "And over 4,000 Americans have paid with their lives for that little adventure. Plus a half a trillion dollars in national treasure You might compare that with the number of lives lost on 9-11. Or the economic injury incurred from that...

... abolishing all of the significant rules put in place at the time of the Great Depression designed to prevent a repeat. Gag me with a spoon, as Valley girls ... all of the significant rules put in place at the time of the Great Depression designed to prevent a repeat. The two main bills accomplishing that, bills which ... make law. Referring to the repeal of the Depression-era regulations, Obama stated all too correctly: "...

Only a Roosevelt-Scale Counterrevolution Can Prevent Great Depression II By Robert Kuttner, The American Prospect. Posted September 18, 2008. Free-market extremists brought us this needless ..., government cannot stand by when a financial crash threatens to turn into a general depression -- even a government like the Bush administration that fervently believes in free markets. But ...

... 1929 stock market crash and during a nationwide commercial bank failure and the Great Depression, two members of Congress put their names...much risk with depositors' money. Additional and sometimes non-related explanations for the Great Depression evolved over the years, and many questioned whether the GSA hindered the establishment... of being too speculative in the pre-Depression era, not only because they were investing ...

...the banking system last stood at a brink of implosion. Franklin Delano Roosevelt zoomed past Herbert Hoover into the White House. The country was struggling through a Great Depression unleashed by the forces of unregulated economic greed. FDR stood up to the unrestrained power of Wall Street and contained it. The resultant New Deal included ...

... billionaires by selling bad paper to the world's investors. A great bubble of wealth grew in the canyons of Wall Street -- a... better if the federal government and national politics had recognized the great deceptions of Wall Street and put a stop to them before ... been treated to the failure of more major financial firms than during any year since the Great Depression. The sight of rich bankers getting the boot might be lots of fun if it were...

... loosened oversight and regulation, and encouraged outsized bonuses to CEOs while ignoring middle-class Americans. The result is the most serious financial crisis since the Great Depression. I certainly don't fault Senator McCain for these problems. But I do fault the economic philosophy he subscribes to. It's the same philosophy...