In linking the meltdown in the financial services sector to George W. Bush's economic policies of deregulation in banking, Barack Obama, during the presidential debate, Sept. 26, said that the crisis "is a final verdict on eight years of failed economic policies promoted by George Bush, supported by Senator McCain."

In his speech to the nation Wednesday, Sept. 24th, George W. Bush blamed homeowners and lenders for the current financial crisis in explaining the origins of the financial crisis on Wall Street. Bush went on to use near-apocalyptic terms to drive home the need for an immediate $700 billion bailout of Wall Street bankers and lenders.

Richard Fuld is not, strictly speaking, someone likely to be overcome by his moods. In his office at the top of a glass sky-scraper in Manhattan, he pilots the 4th largest bank of the US, Lehman Brothers. He is one of the leaders of global finance.

Long gone are the days of delusion in which financial gurus and political pundits thought that the economic problems faced by America could be swept under the carpet. For this reason, it becomes redundant to discuss the details of the current financial turmoil.

John McCain's decision to suspend his campaign and return to Washington was little more than stagecraft, a political stunt to garner photo opportunities and to distract voters from his sinking campaign, congressional leaders suggested this evening, Sept. 25th.

Did John McCain suspend his campaign "to return to Washington to broker a deal on the financial crisis" in order to use the financial crisis as a way to prop up his sagging poll numbers? Or, is he afraid to meet Barack Obama head to head in a debate?

A letter addressed to Congress and signed by more than a dozen labor and community leaders, including the presidents of both national labor federations, demanded a "common sense" approach to the Wall Street bailout...

For its anticipated $18+ billion share in the $700 billion bailout of Wall Street banks and lenders now being ramrodded through Congress by the Bush administration, the state of Michigan could provide almost 7 million of its residents with free health care.

As the Bush administration attempts to ram a bailout package of nearly one trillion dollars through Congress, it begins to feel like Colonel Sanders asking the public to trust him to take care of the chickens.

If I may simplify somewhat the situation, (but only slightly) we can say that over the last quarter of century, Wall Street firms bought out Congress and the White House (and paid at wholesale prices). Now, they want the U.S. government to buy them back (and they want to sell at retail prices).

John McCain says he is ready to make sound economic decisions to help avoid further financial crisis. But McCain has long described himself as a supporter of deregulation and reduced oversight of business and banking, a policy many experts have linked to the recent financial collapse on Wall Street.

Both confusion and anger reign for most people across the political spectrum about the $700 billion "bailout" of Wall Street banking and brokerage houses, which the Bush administration is trying to force through Congress right now.

The Bush administration has proposed a massive bailout plan of at least $700 billion (maybe as much as $1.7 trillion) to stabilize the financial system amid the biggest economic crisis since the Great Depression.

After the collapse of several major banks, lending institutions, and investment firms and with at least two more major Wall Street banks on the chopping block, the Bush administration is trying to rush the handout through Congress without much public discussion, with no strings attached, and at a huge cost to taxpayers.

With the collapse of Wall Street on everyone's mind, John McCain may have made a huge mistake publishing an article in the current issue of Contingencies magazine calling for the deregulation of the health insurance industry.

Contrary to its ideology of capitalism and market economy, the US government has, by force of circumstances, taken control of two heavily loss-making American mortgage companies, Fannie Mae and Freddie Mac, on September 7, 2008.

The week of September 15, 2008 has been a dramatic and unprecedented period in the world of high finance. The economic crisis is not over despite what some pundits and politicians have claimed. A series of government interventions have changed the map of banking and finance.

Linking the financial crisis on Wall Street to the economic struggles of working families, Barack Obama, in a speech today, Sept. 19th, in Miami, Florida, called for "even bolder and more decisive action" than the Bush administration has been willing to take.

It's easy to become apocalyptic contemplating the vast sums of wealth being destroyed in the unfolding financial crisis gripping Wall Street. The economic tsunami unleashed there will soon reach every corner of the nation.

The labor movement sharply criticized the Bush administration's and John McCain's responses to the failure of two major US financial institutions this week.