Pearlstein -- and so many other bailout cheerleaders -- scorns those same concerns as grounded in stupidity and ignorance when they come from the ugly, loudmouth, teeming, insubordinate masses who refuse to obediently bear the massive debt being tossed on their backs. Full Story »
Posted by Derek Hawkins
Greenwald makes a strong justification for his case again WaPo's Pearlstein- I just wish he had taken his critique and analyzed more mainstream business coverage.
I think Glenn Greenwald hits the nail on the head here. I too am extremely skeptical of the neurotic urgency with which Henry Paulson, George W. Bush and some members of Congress have tried to push this bailout through. I'm also confused, like many of the readers Greenwald cites, as to why the government should buy mortgage backed securities as opposed to the bad mortgages themselves. I question whether saving the banks will have the desired "trickle down" effect on homeowners in a bind.
Former Bush Treasury Secretary and long-time Alcoa CEO Paul O’Neill has obviously been reading way too many stupid left-wing blogs and not ... More »
Retrieving Comments
