Let the Rich Bail Out Wall Street

Sanders, Bernie
November 2008
Progressive Populist;11/1/2008, Vol. 14 Issue 19, p1
The author reflects on the bailout package proposed by the U.S. government to address the economic crisis. He argues that the package does not clearly address the main factors that affect the emerging financial crisis and cites some reasons to prove his contentions. He mentions that taxpayers' money are put into risk to benefit the companies who became the main cause of the crisis. Furthermore, he contends that people must do some actions to address the cause of the emerging financial crisis.


Related Articles

  • Big Government to the Rescue. Zakaria, Fareed // Newsweek (Atlantic Edition);9/29/2008 (Atlantic Edition), Vol. 152 Issue 14, p24 

    The article discusses the 2008 U.S. economic crisis. A brief comparison is made to the 1929 U.S. stock market crash. The author suggests that security in the financial markets will restore credit, thus restoring consumer confidence, and cites the need for government regulation as a way to...

  • There's More to Fear Than Fear. Zakaria, Fareed // Newsweek (Atlantic Edition);2/2/2009 (Atlantic Edition), Vol. 153 Issue 5, p22 

    The author discusses the challenges for U.S. President Barack Obama during the U.S. financial crisis. Consumers' lack of access to credit is discussed. The author explains that banks are still not lending despite the fiscal stimulus and bank bailouts. The speed of the American political system...

  • Between a Bull and a Bear. Sharma, Ruchir // Newsweek (Atlantic Edition);5/11/2009 (Atlantic Edition), Vol. 153 Issue 19/20, p71 

    The article presents economic forecasting of the U.S. and international economy. Analysis of U.S. Federal Reserve chairman Alan Greenspan's policies are presented. The author focuses on financial crises of the past such as the situation in Japan in the 1990s as well as the effects of the...

  • Don't know the answer, but know what it is not. Davis, Jeff // Malakoff News (TX);10/16/2009, Vol. 100 Issue 42, p4B 

    The article provides the author's insights regarding the economic condition and policy of the U.S.

  • The Price Of Greed. Serwer, Andy; Sloan, Allan // Time International (South Pacific Edition);9/29/2008, Issue 38, p18 

    The article offers information about the U.S. financial situation in September 2008. The depreciation of housing prices is noted, the mortgage lending crisis is explained, and the crumbling of Lehman Brothers and American International Group Inc. (AIG) is addressed. Statements of policy made by...

  • Geithner Urges Fast, Bold Financial System Rescue. Hopkins, Cheyenne // American Banker;1/22/2009, Vol. 174 Issue 14, p4 

    The article reports that Timothy Geithner, the U.S. Treasury Secretary-designate, has urged the government to continue its support of the ailing U.S. financial system in spite of criticisms that the government bailout plan is ineffective. Geithner feels that economic problems will only grow if...

  • Administration failing at communicating bailout plan. Wheaton, Ken // Advertising Age;9/29/2008, Vol. 79 Issue 36, p16 

    In this article the author examines why the administration of U.S. President George W. Bush has failed to effectively communicate the $700 billion corporate bailout plan to citizens. The author believes that the administration is going to have to improve its efforts to persuade citizens about...

  • Bucking Wall Street. Hightower, Jim // Progressive Populist;11/1/2008, Vol. 14 Issue 19, p3 

    The author reflects on the bailout plan of the U.S. government. He argues that the bailout does not mainly benefit the borrowers but the companies who are the main cause of the crisis. He contends that the plan will put the taxpayers' money into risk by financing the ailing corporations, but not...

  • What Japan Got Right. Lincoln, Edward J. // Newsweek (Atlantic Edition);2/16/2009 (Atlantic Edition), Vol. 153 Issue 7, p27 

    This article examines the Japanese banking crisis, the subsequent Japanese government's intervention, and the economic effects of this intervention. The author connects the situation in Japan to the economic crisis in the United States, and argues that the intervention of the federal government...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics