economic crises

Who will benefit from nationalization of finance?

I put this up yesterday on DailyKos. It did not get much traction, but I think it is important to get people thinking about the issues raised. In short, the success of both the two-pronged bank bailout (TARP and the Fed’s largesse), and the stimulus bill, are going to depend on whether or not the U.S. economy is transformed. I don’t think there is much disagreement in the direction we need to shove the U.S. economy; BruceMcF has done a brilliant job of discussing some of the more important aspects of transportation.

Please be a watchdog for Wikipedia pages on 2007-8 crises

Last night I stumbled upon a series of Wikipedia pages on the sub-prime mortgage crisis, financial crisis, global financial crisis, and economic crisis of 2007-2008.

The pages so far are OK, but I think the denizens of EP can add a lot to those pages (and I wouldn't be surprised if many of you already have). What I am especially worried about are attempts by wrong-wingers to rewrite certain parts, as I gather from the discussion pages has happened already. So, I appeal to everyone here to look at those Wikipedia pages every once in a while, and help keep them accurate.