Several questions during the last few days pointed out the obvious: lost in the media coverage of the American financial crisis and the tail end of the presidential election seems to be the fact that there really is news beyond Wall Street and Main Street.
I . . . → Read More: Canadian Elections Ignored?
For four shining days last week, it appeared that America was still a representative republic—of, by and for the people. The week opened with the House of Representatives defeating the $700 billion Wall Street bailout by a vote of 227 to 206. But the Senate, the more aristocratic house of the bicameral legislature, quickly . . . → Read More: Financial Bailout Plan: What Does It Mean for Capitalism and Democracy?
The Federal takeover of Fannie Mae and Freddie Mac has not put an end to the woes of these two companies. The two companies have now received subpoenas from federal prosecutors in New York seeking information on the companies’ accounting, disclosure, and corporate governance. The two companies have also received requests from the . . . → Read More: More Troubles for Fannie Mae and Freddie Mac