One of the giant mortgage companies at the heart of the credit crisis paid $15,000 a month from the end of 2005 through last month to a firm owned by Sen. John McCain's campaign manager, according to two people with direct knowledge of the arrangement. ...more

September 24, 2008

WASHINGTON (AP) -- The FBI is investigating four major U.S. financial institutions whose collapse helped trigger a $700 billion bailout plan by the Bush administration, The Associated Press has learned. ...more

September 23, 2008

Market forces are great. Until they're not. After nearly three decades of conservatives insisting that government has no business meddling in the private sector, the Bush administration on Friday announced a sweeping plan to spend hundreds of billions of taxpayer dollars bailing out financial institutions that bet wrong on the mortgage market. ...more

September 23, 2008

Now that he's finally fired up on the soup-line economy, Barack Obama knows he can't fade out again. He was eager to talk privately to a Democratic ex-president who could offer more fatherly wisdom - not to mention a surreptitious smoke - and less fraternal rivalry. I called the "West Wing" creator Aaron Sorkin (yes, truly) to get a read-out of the meeting. This is his account: ...more

September 23, 2008

I am outraged by the recent "solutions" proposed by our "leaders" in Washington to the financial crisis. Unelected bureaucrats and several shameful congressmen have staged a dangerous coup. They have hijacked our wonderful democratic and free market institutions and debased them into socialist nightmares that would make Hugo Chavez and Vladimir Putin blush. If that doesn't alarm you, then try this: Over the past three months, two unelected bureaucrats have decided to spend $1 trillion (at least) of your money to prop up their former colleagues or future consulting gigs. ...more

September 23, 2008

The woes of Wall Street have caught up with the crisis on Main Street. ...more

September 22, 2008