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	<title>WitnessLA.com &#187; Bailout</title>
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	<link>http://witnessla.com</link>
	<description>street news, views and stories of justice and injustice</description>
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		<title>BAILOUT OVERSIGHT &#8211; The Marx (Brothers) Version</title>
		<link>http://witnessla.com/economy/2008/admin/bailout-oversight-the-marx-brothers-version/</link>
		<comments>http://witnessla.com/economy/2008/admin/bailout-oversight-the-marx-brothers-version/#comments</comments>
		<pubDate>Thu, 13 Nov 2008 08:03:12 +0000</pubDate>
		<dc:creator>Celeste Fremon</dc:creator>
				<category><![CDATA[Bailout]]></category>
		<category><![CDATA[Economy]]></category>

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		<description><![CDATA[
Oversight?  We don&#8217;t need no stinking oversight!  
Today&#8217;s  Washington Post reports.
(Arrrrggggghhhhhhh.  Just read it. )
(And then think of Henry Paulson throwing the moral equivalent of bales of money from a pick-up truck&#8230;. And then think about billions and billions of dollars worth of executive bonuses&#8230;..and then&#8230;.Oh, never mind.  You know [...]]]></description>
		<wfw:commentRss>http://witnessla.com/economy/2008/admin/bailout-oversight-the-marx-brothers-version/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>THE GREAT CALIFORNIA BAILOUT?  (Jerry Gets Bucks Back)</title>
		<link>http://witnessla.com/state-government/2008/admin/the-great-california-bailout-jerry-gets-bucks-back/</link>
		<comments>http://witnessla.com/state-government/2008/admin/the-great-california-bailout-jerry-gets-bucks-back/#comments</comments>
		<pubDate>Mon, 06 Oct 2008 10:00:33 +0000</pubDate>
		<dc:creator>Celeste Fremon</dc:creator>
				<category><![CDATA[Bailout]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[Edmund G. Brown, Jr. (Jerry)]]></category>
		<category><![CDATA[State government]]></category>

		<guid isPermaLink="false">http://witnessla.com/state-government/2008/admin/the-great-california-bailout-jerry-gets-bucks-back/</guid>
		<description><![CDATA[

So far, the Bush Administration has mostly been giving gobs of money to those who had a significant part in causing our economic tsunami. 
However, as of this morning, California Attorney General Jerry Brown may have reversed that fiscal flow and started taking it away.  
At the end of June, he sued Countrywide for [...]]]></description>
		<wfw:commentRss>http://witnessla.com/state-government/2008/admin/the-great-california-bailout-jerry-gets-bucks-back/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>SUNDAY/MONDAY MUST READ:  It&#8217;s the Criminals, Stupid</title>
		<link>http://witnessla.com/economy/2008/admin/sundaymonday-must-read-its-the-criminals-stupid/</link>
		<comments>http://witnessla.com/economy/2008/admin/sundaymonday-must-read-its-the-criminals-stupid/#comments</comments>
		<pubDate>Mon, 06 Oct 2008 08:46:57 +0000</pubDate>
		<dc:creator>Celeste Fremon</dc:creator>
				<category><![CDATA[Bailout]]></category>
		<category><![CDATA[Economy]]></category>

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		<description><![CDATA[

At the top of the list of this weekend&#8217;s MUST READS, is a actually a MUST VIEW and a MUST LISTEN.
 
************************************************************************************************************
1. THE MUST VIEW
On Sunday, 60 Minutes did an excellent  segment on Credit Default swaps, the completely invented financial contraption that is, in essence, a side bet, that in combination with the subprime [...]]]></description>
		<wfw:commentRss>http://witnessla.com/economy/2008/admin/sundaymonday-must-read-its-the-criminals-stupid/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Understanding the Financial Crisis in 2 Easy Lessons</title>
		<link>http://witnessla.com/economy/2008/admin/understanding-the-financial-crisis-in-2-easy-lessons/</link>
		<comments>http://witnessla.com/economy/2008/admin/understanding-the-financial-crisis-in-2-easy-lessons/#comments</comments>
		<pubDate>Thu, 02 Oct 2008 07:26:54 +0000</pubDate>
		<dc:creator>Celeste Fremon</dc:creator>
				<category><![CDATA[Bailout]]></category>
		<category><![CDATA[Economy]]></category>

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		<description><![CDATA[

Okay, the Senate passed the damned thing.  Are we happy or sad?  (Lovely to know that the conservatives demanded $100 billion dollars worth of tax cuts and God knows what other &#8220;sweeteners.&#8221;  Fiscal responsibility triumphs again.)
 Whatever.  I think the House will go for it.   We&#8217;ll see on Friday.
*************************************************************************************************************
But [...]]]></description>
		<wfw:commentRss>http://witnessla.com/economy/2008/admin/understanding-the-financial-crisis-in-2-easy-lessons/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>APOCALYPSE DAY 3: Truth and Truthiness</title>
		<link>http://witnessla.com/economy/2008/admin/apocalypse-day-3-the-meltdown-the-no-votes/</link>
		<comments>http://witnessla.com/economy/2008/admin/apocalypse-day-3-the-meltdown-the-no-votes/#comments</comments>
		<pubDate>Wed, 01 Oct 2008 07:44:43 +0000</pubDate>
		<dc:creator>Celeste Fremon</dc:creator>
				<category><![CDATA[Bailout]]></category>
		<category><![CDATA[Economy]]></category>

		<guid isPermaLink="false">http://witnessla.com/economy/2008/admin/apocalypse-day-3-the-meltdown-the-no-votes/</guid>
		<description><![CDATA[

Okay, today the Senate has (incredibly) added tax cuts to the Bailout plan,  raised the FDIC guarantee ceiling from $100K to $250K, and then with a few more tweaks, hopes to pass the thing tomorrow.

Monday night, after the House rejected the previous version of the bailout and  the Dow began drilling for China, [...]]]></description>
		<wfw:commentRss>http://witnessla.com/economy/2008/admin/apocalypse-day-3-the-meltdown-the-no-votes/feed/</wfw:commentRss>
		<slash:comments>24</slash:comments>
		</item>
		<item>
		<title>Okay, What Now?</title>
		<link>http://witnessla.com/economy/2008/admin/okay-what-now/</link>
		<comments>http://witnessla.com/economy/2008/admin/okay-what-now/#comments</comments>
		<pubDate>Tue, 30 Sep 2008 07:24:16 +0000</pubDate>
		<dc:creator>Celeste Fremon</dc:creator>
				<category><![CDATA[Bailout]]></category>
		<category><![CDATA[Economy]]></category>

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		<description><![CDATA[

These are scary days.
Nobody liked the bailout bill.   But a lot believed it was better than nothing.
Yesterday and today&#8217;s market meltdowns would suggest they might have been right.  Yet, at best the Wallstreet rescue package  seemed like a case of damned if you do, lots more damned if you don&#8217;t.
Not pretty [...]]]></description>
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		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Yes, It&#8217;s Scary&#8230;But the NO Vote Was Probably Right.  Here&#8217;s Why</title>
		<link>http://witnessla.com/economy/2008/admin/yes-its-scarybut-the-no-vote-was-probably-right-heres-why/</link>
		<comments>http://witnessla.com/economy/2008/admin/yes-its-scarybut-the-no-vote-was-probably-right-heres-why/#comments</comments>
		<pubDate>Mon, 29 Sep 2008 21:19:03 +0000</pubDate>
		<dc:creator>Celeste Fremon</dc:creator>
				<category><![CDATA[Bailout]]></category>
		<category><![CDATA[Economy]]></category>

		<guid isPermaLink="false">http://witnessla.com/root/2008/admin/yes-its-scarybut-the-no-vote-was-probably-right-heres-why/</guid>
		<description><![CDATA[

Defeating the bailout package was a BIG gamble.  But passing it was, I think, a bigger gamble.  After reading conflicting opinions by economists and commentators long after I should have gotten to bed last night, I found that  the prospect of what seemed to be an almost certain passage of the 110-page [...]]]></description>
		<wfw:commentRss>http://witnessla.com/economy/2008/admin/yes-its-scarybut-the-no-vote-was-probably-right-heres-why/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>The House Kills the Bailout Package &#8211; Dow Plummets 777 &#8211; UPDATED</title>
		<link>http://witnessla.com/economy/2008/admin/the-house-kills-the-bailout-package-dow-falls-616-on-news/</link>
		<comments>http://witnessla.com/economy/2008/admin/the-house-kills-the-bailout-package-dow-falls-616-on-news/#comments</comments>
		<pubDate>Mon, 29 Sep 2008 18:22:58 +0000</pubDate>
		<dc:creator>Celeste Fremon</dc:creator>
				<category><![CDATA[Bailout]]></category>
		<category><![CDATA[Economy]]></category>

		<guid isPermaLink="false">http://witnessla.com/root/2008/admin/the-house-kills-the-bailout-package-dow-falls-616-on-news/</guid>
		<description><![CDATA[

Not even close: 207 to 228  Here&#8217;s the breakdown: 141 Democrats voting yes; 94 no; 66 Republicans yes; 132 no. One member not voting.
LA Times has live blogging of the sequence of events.
WSJ BLOG &#8211; DEAL JOURNAL:  &#8220;Ahead of the effort, Wall Street was lobbying like there&#8217;s no tomorrow. (Which, considering the history [...]]]></description>
		<wfw:commentRss>http://witnessla.com/economy/2008/admin/the-house-kills-the-bailout-package-dow-falls-616-on-news/feed/</wfw:commentRss>
		<slash:comments>14</slash:comments>
		</item>
		<item>
		<title>BAILOUT  Part 2:  GO MARCIE!  (What She Said) &#8211; UPDATED</title>
		<link>http://witnessla.com/economy/2008/admin/bailout-part-2-go-marcie-what-she-said/</link>
		<comments>http://witnessla.com/economy/2008/admin/bailout-part-2-go-marcie-what-she-said/#comments</comments>
		<pubDate>Wed, 24 Sep 2008 17:53:44 +0000</pubDate>
		<dc:creator>Celeste Fremon</dc:creator>
				<category><![CDATA[Bailout]]></category>
		<category><![CDATA[Economy]]></category>

		<guid isPermaLink="false">http://witnessla.com/economy/2008/admin/bailout-part-2-go-marcie-what-she-said/</guid>
		<description><![CDATA[
You want lipstick?  We got lipstick!   Plus intelligence, knowledge, experience, and guts (and no aerial wolf shooting).  I give you the honorable representative from Ohio, Marcie Kaptur.
(Chapeau tip to commenter Listener.) 
UPDATE: McCain wants to postpone Friday&#8217;s debate with Obama in order to &#8220;help on a Wall Street rescue plan.&#8221;  [...]]]></description>
		<wfw:commentRss>http://witnessla.com/economy/2008/admin/bailout-part-2-go-marcie-what-she-said/feed/</wfw:commentRss>
		<slash:comments>25</slash:comments>
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