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    Any Financial Cleanup Plan Must…

    Democrats on Capitol Hill are claiming they have reached a deal with President Bush on a plan to cleanse the financial system of bad housing-related assets. So far, it doesn’t seem as though any conservatives have signed on. As lawmakers debate the merits of the sketchy plan, we have identified … More

    Understanding the Credit Crisis

    Heritage fellow JD Foster explains what led to the credit crisis and why it cannot be ignored. There are unprecedented problems in the financial markets. The Federal Funds Rate is the No. 1 tool that the Federal Reserve Board has for governing monetary policy. The Federal Funds Rate jumped much … More

    The Gathering Storm

    According to Rasmussen Reports only 30% of Americans currently support a government clean up of the financial system. The reason why? 50% of Americans “say it’s better for the government to let the companies that made financial mistakes go bankrupt.” As a general rule, we agree with this principle. However, … More

    Tankosphere Today: Sept 25, 2008

    School Choice Q & A – Cato-at-Liberty This year’s SPN K-12 Education Reform Summit delivered yet another line-up of great information and hard questions. I’d like to follow up, belatedly, on one of the most important questions raised during the conference; are education tax credits more viable than vouchers?… A … More

    Bell Ringers

    A round-up of Op-Eds from The Heritage Foundation Job Jitters – James Sherk America has faced much more serious problems in the past. If you have a job today that isn’t directly affected by housing markets or energy prices, you have little to fear from reports of rising unemployment.[...] Mr. … More

    Harry Reid Sneaks in Oil Shale Ban

    Leave it to Senator Majority Leader Harry Reid to crash the Energy Freedom party. Not only is he crashing the party, he’s doing so through the side door where he thinks no one can see him. Just when it appeared that we could celebrate Congress lifting the ban on oil … More

    Promoting Freedom Globally

    Today The New York Times reports that depositors in Hong Kong are lining up to pull their deposits from their local banks due to Wall Street’s recent turmoil. We live in a global market where a financial sneeze in one community can lead to a global flu. However we still … More

    Politico Perpetuates Glass-Steagall Myth

    Politico‘s Ryan Grim says he used to work for the Marijuana Policy Project. He really should lay off the mind altering substances before he attempts to write about financial topics ever again. Grim has an article out today titled “Lawmakers regret deregulating” but the only deregulation Grim cites is “repealing … More

    Morning Bell: Having Their Cake and Eating It, Too

    Yesterday before the Joint Economic Committee, Federal Reserve Chairman Ben Bernanke made a clear case as to why federal action is needed: home mortgages and car loans had become harder to get, commercial credit was becoming scarce for many businesses and consumer spending had already declined. Leaders in both parties … More

    Don’t Forget the Other Multi-Billion Dollar Spending Bill Being Debated This Week

    With the debris from the current financial storm still swirling, Congress must not overlook the other massive spending bill speeding its way through Congress. As a result of Congress’s stubborn refusal to fulfill their constitutional responsibility to fund the government (not passing a single appropriations bill this session) they must … More