A skeptical leftist's, or post-capitalist's, or eco-socialist's blog, including skepticism about leftism (and related things under other labels), but even more about other issues of politics. Free of duopoly and minor party ties. Also, a skeptical look at Gnu Atheism, religion, social sciences, more.
Note: Labels can help describe people but should never be used to pin them to an anthill.
As seen at Washington Babylon and other fine establishments
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March 16, 2008
Paulson lies about Bear Stearns bailout
The U.S. Treasury Secretary may deny it, but Friday’s Federal Reserve commitment to guarantee whatever investment J.P. Morgan would make to rescue Bear Stearns is a bailout. And, as I said yesterday, we should let Bear Stearns go belly-up if that’s what happens, just like Drexel Burnham Lambert 20 years ago.
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