Solutions to the Financial Crisis

Date: Tuesday, September 30, 2008 1:01 AM
Category: Allgov Blogs
Watching the nation’s news commentators, you would think that the bailout proposal created by the Bush administration, adjusted by the Congressional leaders and then rejected by the House of Representatives was the only possible answer to the nation’s financial problems. Fortunately, many observers from the Left, Right and Middle have presented alternative solutions. Here are a few of these ideas. Some are comprehensive and some deal with individual issues, but they are all worth a look.
 

Where to Find $900 billion for Recovery (by Anderson, Collins, Muhammad and Pizzigati, Institute for Policy Studies

Tweak the Bailout Plan (by Stuart M. Butler and Edwin Meese, III, Heritage Foundation)
Fix the Bailout Plan (by Dominique Strauss-Kahn, International Monetary Fund)
Increase Transparency, Liquidity and Supervision (by Martin Neil Naily and Robert E. Litan, Brookings Institution)
Home Owners Loan Corp. and Federal Revenue Sharing (by James K. Galbraith, Washington Post)
Cut Defense Spending, now at $612 billion for 2009 (by Chalmers Johnson, TomDispatch.com)
Homeowners Emergency Loan Program (National Community Reinvestment Coalition)
Keep Borrowers in Their Homes (by Andrew Jakabovics, Center for American Progress)
Super-Bonds (by John P. Hussman, Hussman Funds)
 

Latest News

Director of the Office of Science in the Department of Energy: Who Is Chris Fall?

In August 2014, Fall was made assistant director for defense programs at the White House Office of Science and Technology Policy, also serving as acting lead for national security and international affairs policy. Fall left the White House in August 2017. Fall was given his post at ARPA-E in January 2018. President Donald Trump has twice attempted to zero out funding for the agency, which provides grants for experimental energy projects.   read more

Ethiopia’s Ambassador to the United States: Who Is Kassa Tekleberhan?

In October 2015, he was named minister of Federal Affairs and Pastoral Areas Development. There, he promoted a policy of “villagization,” moving families from the country into villages. After Ethiopia’s longtime leader and human rights abuser Meles Zenawi died in 2012, Tekleberhan became the vice chairman of the Meles Zenawi Foundation.   read more

Mongolia’s Ambassador to the United States: Who Is Yondon Otgonbayar?

Otgonbayar left the Foreign Ministry in 2004 to become secretary general of the Mongolian People’s Revolutionary Party (MPRP), now the Mongolian People’s Party. At the time, Mongolia was doing a lot of trading with China after years of being a client state of the Soviet Union. Otgonbayar worked to encourage trade with the United States, Japan, South Korea and the European Union as well. In 2006, Otgonbayar added leadership of the Ulaanbaator branch of the MPRP to his party duties.   read more

Ambassador of Guinea to the United States: Who Is Kerfalla Yansané?

in January 2014, Yansané became Guinea's minister of mines and geology, where he oversaw his specialty: contracts for oil exploration. One of the companies he dealt with Hyperdynamics of Houston, gained the right to explore for offshore oil off the coast of Guinea. They found nothing and filed for bankruptcy in December 2017. Yansané emphasized bringing in foreign investors, who have long lusted after Guinea’s reserves of bauxite, iron ore, gold and other minerals.   read more

Ambassador from Lebanon to the U.S.: Who Is Gabriel Issa?

The recently installed ambassador from Lebanon is actually a Lebanese-American who lived in the U.S. more than 40 years. Shortly before the 2016 presidential election in Lebanon, Gabriel Issa of Detroit returned to Lebanon on a permanent basis and became a close advisor to Lebanon’s soon-to-be president, Michel Aoun. By the age of 21, Issa had founded two businesses, AAA Language Services and Iterotext Translation, which, along with several other businesses, he devoted his career to building.   read more
see more...