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Achenblog: September 21, 2008 - September 27, 2008

The Debate

Fully recognizing that my opinion has the impact of a mosquito alighting for a snack, I'd say Obama did what he had to do last night. The instant polls (this one from CBS, via Memeorandum) seem to back that up....

By Joel Achenbach  |  September 27, 2008; 8:23 AM ET  |  Permalink  |  Comments (342)
 
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Bonfire of the Vanities

It's like that curse: "May you live in interesting times." I've been reading the paper this morning on the porch, which, at this rate, will soon be seized, along with the rest of the house, by government regulators. Then...

By Joel Achenbach  |  September 26, 2008; 8:48 AM ET  |  Permalink  |  Comments (398)
 
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Perfect Solution to Financial Crisis

From a European astronomy organization, we learn about the discovery of a "magnetar." Here's the background: "Astronomers have discovered a most bizarre celestial object that emitted 40 visible-light flashes before disappearing again. It is most likely to be a missing...

By Joel Achenbach  |  September 25, 2008; 4:17 PM ET  |  Permalink  |  Comments (121)
 
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Accounting and Accountability

What Bush didn't say last night was: Heads will roll. We're not going to let the greedheads get away with this. We are going to convert Guantanamo into a Wall Street executive holding pen. Violators of the public trust will...

By Joel Achenbach  |  September 25, 2008; 8:07 AM ET  |  Permalink  |  Comments (135)
 
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Crisis Management

The president will come on in an hour. No serious sports on tonight so I'll be sure to watch it. Not sure what the "State Floor" of the White House residence is, but that's where he'll be speaking. This...

By Joel Achenbach  |  September 24, 2008; 7:51 PM ET  |  Permalink  |  Comments (60)
 
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Calamity Roundup

Jeepers, the charts on the front page are about as bone-chilling as charts could be. Dollar's down, oil's up, stocks are down. Everyone's diving for cover. There's talk that the Treasury could conceivably lose its AAA rating. Thank God...

By Joel Achenbach  |  September 23, 2008; 8:08 AM ET  |  Permalink  |  Comments (309)
 
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Report From the War Zone

From MiamiBob, posted in the boodle today (and definitely worthy of being a guest kit): As a real estate agent plying his trade in the trenches (Miami is the Baghdad of foreclosures), I think our mess is a combination...

By Joel Achenbach  |  September 22, 2008; 6:21 PM ET  |  Permalink  |  Comments (94)
 
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Main Street's Bailout Backlash

[My story in today's paper.] It sounds to me like Wall Street was operating a Ponzi scheme in which it kept selling and re-selling debt, making profits, boosting the stock price -- so long as the housing market continued...

By Joel Achenbach  |  September 22, 2008; 7:53 AM ET  |  Permalink  |  Comments (166)
 
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