David Cay Johnston

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David Cay Johnston: Bailout bill’s failure is reason to cheer

Author and former New York Times reporter David Cay Johnston, whose warning to journalists about taking bailout hype at face value we cited earlier, has published a postscript on the House vote yesterday over at the New Republic’s The Plank blog. His verdict:
Whether you favor the $700 billion bailout or not, the House vote today [...]


The great bailout of ‘08: must-reads of the week

Every hour of every day brings reams of fresh news reports and commentaries on the Wall Street crisis and the competing bailout proposals wending their way through Congress, but that doesn’t mean you can learn anything from most of them. Here’s a guide to the best, most comprehensible commentaries on the present mess.