The Paul Wellstone Emergency Economic Stabilization and Non-Laminated Wooden Arrow Excise Tax Exemption Act of 2008, or PWEESNLWAETEA, just rolled through the Senate with only token opposition. The Senate and House, man. They’re on the same hill, but they sure don’t have much in common. Update: Final vote, 74-25.

The politicians in Washington, especially the Republicans in Washington, are all fired up at the moment about the scourge that is mark-to-market accounting. The bailout legislation approved by the Senate Wednesday night to be considered by the Senate tonight merely tells the SEC chairman that he has the authority to suspend mark-to-market, and commissions a [...]

Today the Department of Housing and Urban Development (HUD) released lender guidelines for the new Hope for Homeowners program that was included in the housing bailout bill Congress passed in July. If you’re struggling with mortgage payments, it’s definitely something you should ask your servicer—or a housing counselor—about. The goal of the program is to [...]

Apparently, Nebraska is where you go when you’re running a company and want to prove to the world that everything is okay. First, he put $5 billion into Goldman Sachs, and now Warren Buffett, the Great Value Investor of the Missouri River Valley, is buying $3 billion of perpetual preferred stock in General Electric. Here’s [...]

Jay Newton-Small has already explained on Swampland that the bailout legislation to be considered by the Senate today will be piggybacking on some mental health legislation that passed the House. What I didn’t realize until checking on the Library of Congress’s Thomas site just now is that the original title of the bill was the [...]