Guide to financial crisis: week 2





Articles and Resources on the Economic Crisis



The week of September 22, 2008, saw huge popular opposition to the Bush administration's bailout of Wall Street banks at taxpayer's expense. While stabilization of credit markets and banking sector is crucial, the smart choice is to pursue a solution that addresses the fundamental causes of the collapse and helps working families avoid further economic calamity.



The week of September 15, 2008 was a dramatic and unprecedented period in the world of high finance. The economic crisis is not over despite what some pundits and politicians have claimed. A series of government interventions have changed the map of banking and finance.



So what does it all mean? What will be impact of the Wall Street bankruptcies, bailouts and blunders on working people in this country and worldwide? What's the solution to the crisis?



Perhaps only time will tell the full extent of the impact. Needless to say, this week’s developments don’t bode well for the future. Here are some thoughts from contributors to the People’s Weekly World and Political Affairs and leaders of the Communist Party on the current economic crisis, the policies that got us to this point and the historical precedents.

We will update this resource list in the days and weeks to come, as the full scope of the crisis is better known.








Week of Sept. 22



Editorial: Shock and Awe Revisited
Sept. 25, 2008 – People's Weekly World



$700,000,000,000 for what?
By John Wojcik Sept. 25, 2008 – People's Weekly World



Reject the 'Bankers' Strike': Groups Demand No Bailout Without Conditions
Sept. 25, 2008 – PoliticalAffairs.net



Rescue Me!: What Else Could We Use the Bailout Money For?'
By Peter Zerner and Joel Wendland
Sept. 25, 2008 – PoliticalAffairs.net



Barney Smith, Not Smith Barney
By Joelle Fishman
Sept. 24, 2008 – People's Weekly World



Save Main Street, Not Wall Street
By Communist Party USA
Sept. 23, 2008 – CPUSA.org



Ramming Through the Bailout
By Sam Webb
Sept. 23, 2008 – CPUSA.org



Wall Street Bailout: Not Without Preconditions
By Joel Wendland
Sept. 23, 2008 – PoliticalAffairs.net



Week of Sept. 15:



EDITORIAL:

Bailout Main Street

Sept. 19, 2008 – People's Weekly World



Economic Meltdown
By Joel Wendland
Sept. 19, 2008 – PoliticalAffairs.net



Wall Street meltdown wallops Main Street
By Phil Cadman
Sept. 19, 2008 – People's Weekly World







From Archives:



Is Freddie Mac

really never coming back?

By John Wojcik
Sept. 8, 2008 — People's Weekly World



Got money?


By Marilyn Bechtel
Aug. 15, 2008 — People's Weekly World



Mac

the Knife: Cut the Needy to Feed the Greedy

By Joelle Fishman
July 24, 2008 — PoliticalAffairs.net



Interview

with Doug Henwood, Left Business Observer

May 29, 2008 — PoliticalAffairs.net



It’s

Time for a New Deal

by Norman Markowitz
May 29, 2008 — PoliticalAffairs.net



Financial

Crisis and Class Struggle

By Paulo Nakatani and Rémy Herrera


May 28, 2008 — PoliticalAffairs.net

Foreclosures point to systemic crisis


By Denise

Winebrenner Edwards

April 4, 2007 — People's Weekly World



Bailout goes to

Wall Street, not Main Street

By John Wojcik
March 20, 2008 — People's Weekly World



Things Fall Apart: Wall Street and the Crisis of US Imperialism
By Joe Sims and Joel Wendland
March 2008 – PoliticalAffairs.net



Weathering

the Storm: the economic recession

Video interview with Sam Webb
March 10, 2008 — Communist Party USA



Unions tackle

housing, foreclosure crisis

By John Wojcik
March 9, 2008 — People's Weekly World



Interview

with Art Perlo, CP Economics Commission

Feb. 15, 2008 — PoliticalAffairs.net



To fix economy

put working class first

By Teresa Albano
Jan. 24, 2008 — People's Weekly World



Banks bilk

homebuyers, Black, Latino families hit hardest

By Tim Wheeler
Jan. 19, 2008 — People's Weekly World



A look behind

the housing crisis

By Art Perlo
Aug. 30, 2007 — People's Weekly World



Mortgage crisis

stoked by incredible greed

By Susan Webb
Aug. 16, 2007 — People's Weekly World



Corporate

thievery, a new political moment

By Sam Webb
July 20, 2002 — People's Weekly World







En Español:

La crisis

económica y las viviendas

Por Art Perlo
26 de Julio, 2008 — Nuestro Mundo