Gretchen Morgenson Makes the Case for an Accurate Accounting of Bailout Costs
Business Insider
In the FWIW category, anyone saying that we would have had a second Great Depression absent this lending should be immediately ignored. The first Great Depression was caused by 10 years of inadequate policy response, not just the mistakes made at the …

Tags: Second Great Depression

Ohio gas price, jobless rate dips good for Obama as GOP economic stories clash
Examiner.com
… should be tempered by voters with the real facts of why the nation's economy spiraled down, what was needed to save a second Great Depression from happening, and who was mostly responsible for saving us all from a far, far worse fate.

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Seeing Bailouts Through Rose-Colored Glasses
New York Times
Timothy G. Massad, assistant Treasury secretary for financial stability, said: “We believe the fact that we took strong, forceful action resulted in us preventing significant economic costs, including the risk of a second Great Depression.

Tags: Second Great Depression

Queensborough defers TARP payments until capital position is stronger
The Augusta Chronicle
“We faced the very real risk of a catastrophic collapse of our financial system and a second Great Depression. Doing nothing was simply not an option.” Easterlin said that he has not received negative feedback on the local level about the TARP money …

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Unemployment would be a point LOWER (7.1%) if not for Cuts to Government …
Democratic Underground
… along with deregulation of the Financial Sector (Commodities Futures Modernization Act 2000 aka "Phil Gramm's Execrable Adventure") – which would have taken us into the second Great Depression if not for extraordinary steps taken such as TARP and …

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Zacks' Voice of the People highlights opportunities with Goldman Sachs …
Sacramento Bee
The subtext was: "Does any Republican or Democrat want to go into the election season with the second great depression already a foregone conclusion? And oh by the way we really want to get rid of Lehman." Can we view this week's announcement by …

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Zacks' Voice of the People highlights opportunities with Goldman Sachs …
PR Newswire (press release)
The subtext was: "Does any Republican or Democrat want to go into the election season with the second great depression already a foregone conclusion? And oh by the way we really want to get rid of Lehman." Can we view this week's announcement by …

and more »

Tags: Second Great Depression

Zacks' Voice of the People highlights opportunities with Goldman Sachs …
Zacks.com
The subtext was: "Does any Republican or Democrat want to go into the election season with the second great depression already a foregone conclusion? And oh by the way we really want to get rid of Lehman." Can we view this week's announcement by …

and more »

Tags: Second Great Depression

Letter: Allen West's brand of hysteria too familiar in these times
TCPalm
Seems to me that our president has done a pretty good job by avoiding a second Great Depression. We have a rebounding economy. We've had the killing of Osama bin Laden along with 17 other al-Qaida leaders — not bad for a man our hysterical friends …

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BAILOUT II – Voice of the People
NASDAQ
The subtext was: "Does any Republican or Democrat want to go into the election season with the second great depression already a foregone conclusion? And oh by the way we really want to get rid of Lehman." Can we view this week's announcement by …

and more »

Tags: Second Great Depression