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Monday December 15, 2008 10:38 pm
Werd: Bailout - Part One
Posted by Patrick Snajder Categories: Domestic Policy, Editorials, Media, Taxes, US Economy, Wall Street,
In honor of Merriam-Webster’s 2008 word of the year, bailout, we will focus this week’s efforts of The Werd on the big story of the year.
To start the discussion, I will suggest these two great charts:
A Visual Guide to the Financial Crisis - Part One
A Visual Guide to the Financial Crisis - Part Two
Part One explains the many reasons for the financial crisis; Part Two suggests an alternative bailout that punishes those who benefitted from the bubbles without extracting social funds already marked for public programs such as social security or retirement funds (as the current bailouts do). This expert work shows how solutions to our problems are not beyond our ability, but merely beyond the imagination of our current leadership.
We’ll dig in on Tuesday with my precious take.
BAILOUT SERIES
Bailout - Part One
Bailout - Part Two
Bailout - Part Three
Bailout - Part Four
Bailout - Part Five
Read More | Merriam-Webster's 2008 Word of the Year
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