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SAWED-OFF SMILER BLOOD MAGNET on economy
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    0 starszerohour | Shared With: Everyone - Oct 09 2008 | economy, washington, news
    U.S. May Take Ownership Stake in Banks - NYTimes.com

    Whoa, the Stock Injection Plan could go through. This would be way better than the buy-up-of-shitty-assets-plan...though it's obviously, ultimately reformist.

    Quoted: The Treasury Department is considering taking ownership stakes in many U.S. banks to try to restore confidence, according to government officials.

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    3
    0 starszerohour | Shared With: Everyone - Oct 09 2008 | economy, economics, economic collapse
    This American Life: Another Frightening Show About the Economy

    From the big credit freeze to credit default swapping to the problems over the last ten years with trying to regulate this 60 trillion dollar speculative industry to an evaluation of the $700 billion bail out bill...the second and third sections of the show are worth checking out...

    Quoted: Alex Blumberg and NPR's Adam Davidson—the two guys who reported our Giant Pool of Money episode—are back, in collaboration with the Planet Money podcast. They'll explain what happened this week, including what regulators could've done to prevent this financial crisis from happening in the first place.

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