Five years ago I heard Dean Baker, one of the main economists at the Progressive think tank, the Center for Economic Policy Research (CEPR) speak at SUNY Albany.

Here is Nancy Pelosi's today's speech on Bipartisan Financial Rescue Legislation.

The House bailout rejection vote got the market confidence down and therefore U.S. financial markets get a Black Monday as Dow Jones Industrial average drops 730 points.

On Monday morning, the House of Representatives rejected the so-called "bailout bill of Wall Street." It was not immediately clear why lawmakers voted against the bill.

Lawmakers have reached an agreement on the the $700 billion bailout bill, which is expected to go to a vote tomorrow. It's a big bailout bill, out of the scope of one article and posted at House Financial Services Committee website.

U.S. lawmakers say they have a tentative agreement on a plan to rescue the struggling financial services industry before markets reopen on Monday.

Here’s a heretical notion: How much CEOs get from the bailout doesn’t matter. It’s a smokescreen, red meat being tossed to the public to make it seem as though the bad guys won’t get away scott-free.

The deal which the Senate had thought was close to a done deal earlier on Thursday fell apart on Thursday night after a meeting between Congression leaders, the Treasury Secretary --- and including both presidential candidates, Barack Obama and John McCain.

Republicans and Democrats in both the House and Senate reported bi-partisan agreement --- in principle --- Thursday on the $700 billion bailout of the financial industry requested by the Bush administration. Both sides said they had hopes of a vote within days.

Ralph Nader tells the congress to put the brakes on "Carte Blanche" bailout. "Haste Makes Waste" with Goliath of Panic Legislation." "Taxpayers are being asked to foot the bill for corporate malfeasance."

Secretary Henry Paulson is rushing Congress into passing his new mortgage bailout relief program that would essentially give Paulson $700 billion to spend as he sees fits without consequences. Congress, however, has its skeptics on passing such a large bailout that would put American taxpayers on the hook if it fails.

Just in case you think that what happens on Wall Street stays on Wall Street, Barack Obama is already breaking the news. Bailing out irresponsible CEOs who have pocketed billions in bonuses over the last eight years, is going to mean making do without the things that the nation needs.