This update focuses on the economy. Financial firms including Lehman Brothers, Merrill Lynch, Fannie Mae, Freddie Mac, AIG, and Washington Mutual have gone bankrupt, been bailed out, or been bought out. This economic crisis was precipitated by the collapse of the housing bubble, which was caused by the Federal Reserve's monetary policy and government regulations. The government is now proposing a 700 billion dollar bailout of bad lenders.
Ann Coulter: They Gave Your Mortgage to a Less Qualified Minority
Mac Johnson: Bailout: Far Worse than a Recession
Brian Farmer: Government Bailout
Takuan Seiyo: The Case Of The Disappeared Subprime Minority Borrower
Thomas Sowell: A Political "Solution"
Michelle Malkin: Illegal Immigration And The Mortgage Mess
Steve Sailer: The Diversity Recession: What Was The Financial (And Political) Establishment Thinking?
Mark Skousen: Are We Headed Toward a New Collectivist State?
Gary North: Still in the Stock Market?
Ron Paul: In Government We Trust? Part 3
Lew Rockwell: The Social Imperative of Sound Money
Gary North: Subsidy Madness and Depression
Will Grigg: The Denouement
Ron Paul: In Government We Trust? Part 2
Gary North: The Bloom Is Off the Housing Rose
POLITICAL UPDATES are archived here.