Treasury: We Can Haz Do-Over?

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The Treasury Department will not buy any troubled assets from banks as part of the bailout, according to the Wall Street Journal, thus negating the central premise behind Secretary Paulson’s original rescue plan for Wall Street. It’s almost as if Paulson was unprepared for the crisis and that his three-page plan put forward to Congress wasn’t particularly well thought out. Who would have expected incompetence from the Bush Administration?

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily bluster—Mother Jones' journalism is driven by one simple question: Will America move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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