As markets slump and banks totter, Treasury Secretary Henry Paulson has begun the tricky $700 billion task of saving the American financial system. Under the law enacted Friday, Mr. Paulson has 45 days to construct a program.
It’s a high-wire act in…

Dailykos diarist Devilstower has an excellent post on Congressional action that directly led to economic collapse we are suffering right now.

There’s a huge dose of anti-McCainism in it, but  it’s a good (and long) read, putting several recent events in historical…

Fannie Mae and Freddie Mac have been called the platypus of American business, an ungainly mixture of private business backed by the public purse.
A platypus is one of the few mammals that can lay an egg. Fannie and Freddie laid a…

Here’s an advance look at one of the editorials that will appear in Tuesday’s Post-Dispatch and online at STLtoday.com/news/editorials.

MORE REGULATION, PLEASE 

In the middle of a grinding credit crunch, Treasury Secretary Henry Paulson on Monday unveiled plans for a massive overhaul…