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[Anti Oligarch] Fingers Of Instability III : The Banks command performance, wealth ...: The venerable Art Cashin of UBS notes: "On May 27th Moody’s said it had no plans to reduce America’s coveted AAA debt rating. But on the same day John Taylor, a professor at Stanford University and the creator of the Taylor rule on monetary policy, wrote in the Financial Times that the American government "is now the most serious source of systemic risk."

[The Gaea News] Obama's pick to oversee $700B bank bailout says more time is ...: Treasury provides $45.5M to 7 banks from bailoutWASHINGTON ”” The Treasury Department said Tuesday seven more banks have been approved to participate in the government's $700 billion rescue effort, and that a Colorado mortgage company was chosen to participate in a foreclosure mitigation program. The department said the government would purchase a total of $45.5 million in preferred stock in the seven banks, bringing the total supplied through the program to $198.02 billion for more than 500 banks.

[Antemedius - Liberally Critical Thinking] The Dawning Age of Obama as a Potentially Teach-able Moment for ...: Recently, Krugman said the following at the end of a column that criticized Wall Street bankers for believing that they will soon be able to return to making outrageous profits off other people's money: "We can only hope that our leaders prove them wrong, and carry through with real reform" (New York Times, April 27, 2009). In his revealingly titled book "Obama's Challenge" (White River Junction, VT" Chelsea Green, October 2008), Kuttner hoped that the onset of "the greatest economic crisis since the Great Depression," would lead Obama to be "that rare transformational leader" who "educates" the "people on behalf of expansive uses of progressive government" through the "force of [his] own character."

[Conscious Space] Obama’s Violin: The liberal economist and New York Times columnist Paul Krugman is “filled with a sense of despair” by Obama’s “bank rescue plan,”

[SignOnSanDiego.com] Senate defeats anti-foreclosure proposal: "The banks that are too big to fail are saying that 8 million Americans facing foreclosure are too little to count in this economy," said Senate Majority Whip Dick Durbin of Illinois, who championed the measure and had spent weeks negotiating with financial lobbyists in a bid to strike a deal.

[Really Better Real Estate] Posts about Foreclosures as of June 3, 2009: Location: Memphis Foreclosure, Shelby - TN, Address: Needle Ridge Rd, Zipcode: 38135, Code: 24432601, Style: Residential, Bed/Baths: - / -, Price: $138,000.00 buying foreclosed homes Location: Collierville Foreclosure, Shelby - TN … : $259,900.00 buying foreclosed homes Location: Matthews Foreclosure, Mecklenburg - NC,

[Daily Headlines] Senate defeats anti-foreclosure proposal: said Senate Majority Whip Dick Durbin of Illinois, who championed the measure and had spent weeks negotiating with financial lobbyists in a bid to strike a deal.

[TOP 10 Blogs] Ben Smith's Blog: Obama's 'closing argument' - Politico.com: As President, I will ensure that the financial rescue plan helps stop foreclosures and protects your money instead of enriching CEOs. And I will put in place the common-sense regulations I’ve been calling for throughout this campaign so that Wall Street can never cause a crisis like this again.

[BBC Blog Network] BBC - Radio 4 - World Tonight: Rush Limbaugh doesn't have to say pubically that he want's Obama to fail, all he has to do is sit back and watch him fail...and take down the rest of us with him. One out of 8 homes in the US has been foreclosed on or is behind in mortgage payments.

[1read's Weblog] THE WORLD today!: Obama and his economic team cooperated with former President Bush to inject confidence into the market, coordinating rescue plans for Citigroup and Bank of America, urging Congress to release the second $350 Billion of the $700 Billion .

[Anderson Cooper 360] Anderson Cooper 360: Blog Archive - Financial Dispatch: GM ...: Where does Obama stand with his tax reform task force? It’s been 6 weeks since he formed it and still hasn’t named members.

[Cafe Talk Aggregator] Obama? TOTALLY SAME AS BUSH! | Smirking, ignorant W. with ...: As for Obama "saving" the economy I don't think anybody really knows at this point but he did bend over backwards to satisfy Republican demands for tax cuts in the big stimulus bill which would have been much more productive if handled differently. I saw today that while slightly smaller we still saw another 600,000+ file for unemployment in the last month and foreclosures are still coming in at 10,000 per day.

[Spiked] sp!ked review of books | Do we need a new 'New Deal'?: For example, while some American officials fear a return of deflation like that of the 1930s, it is reported that some in Germany are mindful of the country’s hyper-inflation of the 1920s when they express concerns about increasing deficit spending today (4). As this essay focuses on the New Deal, it mainly addresses the US experience, but hopefully the points raised will have wider resonance.

[Hillary Is 44] Hillary Is 44 » Blog Archive » More Obama Disasters: California ...: Does the Obama administration actually believe that the moment a Palestinian state is created in Gaza and the West Bank, Syria will cease transferring terrorists to Iraq, cease its concealed chemical, biological and nuclear weapons programs, reduce its ties with Iran and cease meddling in Lebanese affairs? Does the Obama administration actually believe that after years of deception and billions spent on developing a covert nuclear weapons program, the Iranian mullahs will suddenly become less apocalyptic, less messianic, less inclined to establish their caliphate throughout the Middle East, and more prepared to turn their swords into plowshares once a Palestinian state has been established?

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