Treasury Secretary Henry Paulson is pushing for quick congressional approval of his $700 billion Wall Street bailout plan, said Newt Gingrich in National Review Online. But “before D.C. gets our money, it owes us some answers.” For starters, are the “financial magicians” Paulson will hire to fix the crisis the same Wall Street geniuses who got us into it?
Paulson wants a “clean” bill, said Paul Krugman in The New York Times, and that means “taxpayer-financed bailout with no strings attached.” We need some strings, such as giving taxpayers “a share in the ownership” of the soured mortgage-backed bonds they are paying for.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
7 recipes that meet you wherever you are during winterthe week recommends Low-key January and decadent holiday eating are all accounted for
-
Nine best TV shows of the yearThe Week Recommends From Adolescence to Amandaland
-
Received a windfall? Here is what to do next.The Explainer Avoid falling prey to ‘Sudden Wealth Syndrome’
-
Bari Weiss’ ‘60 Minutes’ scandal is about more than one reportIN THE SPOTLIGHT By blocking an approved segment on a controversial prison holding US deportees in El Salvador, the editor-in-chief of CBS News has become the main story
-
Has Zohran Mamdani shown the Democrats how to win again?Today’s Big Question New York City mayoral election touted as victory for left-wing populists but moderate centrist wins elsewhere present more complex path for Democratic Party
-
Millions turn out for anti-Trump ‘No Kings’ ralliesSpeed Read An estimated 7 million people participated, 2 million more than at the first ‘No Kings’ protest in June
-
Ghislaine Maxwell: angling for a Trump pardonTalking Point Convicted sex trafficker's testimony could shed new light on president's links to Jeffrey Epstein
-
The last words and final moments of 40 presidentsThe Explainer Some are eloquent quotes worthy of the holders of the highest office in the nation, and others... aren't
-
The JFK files: the truth at last?In The Spotlight More than 64,000 previously classified documents relating the 1963 assassination of John F. Kennedy have been released by the Trump administration
-
'Seriously, not literally': how should the world take Donald Trump?Today's big question White House rhetoric and reality look likely to become increasingly blurred
-
Will Trump's 'madman' strategy pay off?Today's Big Question Incoming US president likes to seem unpredictable but, this time round, world leaders could be wise to his playbook
