Russ McBee

An article in today's NYT discusses the similarities between the current financial crisis and another one in 1907, and the similar roles played in those respective crises by Warren Buffett and JP Morgan. On Buffett's recent investments in Goldman Sachs and GE, the financial historian Ron Chernow said this: ''It's a high-risk moment, and I think ...

The inimitable Newscoma had this to say about the bailout and the growing job losses in small town America: People are hurting everywhere and if one, and I mean, ONE, Wall Street exec gets a bonus for bad behavior, the local sheriff is just going to have to come and get me as I will be stopping traffic in the road. For context, see this post ...

E.J. Dionne summarizes the crisis in a nutshell: There is a moral problem for capitalism itself if taxpayers take on a burden created by the foolishness of the privileged and get little compensation in return.

From Taking Note: One good thing to emerge from this week’s market turmoil is that it lays waste to the argument that privatizing Social Security is in everyone’s best interest. Amen to that. Just try to imagine what would have befallen Social Security recipients if their income had been dependent on the shell game artists responsible for the ...

In response to a post about Bush's proposed economic stimulus (which includes the possibility of a tax rebate), a commenter at KnoxViews said this: Can I get my rebate in EUROS? You said it, Sarge.

Found in comments here: Perhaps it's easier to sell a $500K home than a $50K home or even a $150K home because the rich are getting richer and the poor and middle class are getting 38% on their Discover card. You said it, Mamaw.