On the fateful evening of September 18, when Treasury Secretary Henry Paulson and Federal Reserve Bank Chair Ben Bernanke pulled together a closed-door meeting to discuss the rapidly unfolding crisis plaguing the financial system, congressional leaders feigned shock and horror at its severity.
Sharon Smith
On March 19, JP Morgan Chase CEO Jamie Dimon joined Bear Stearns CEO Alan Schwartz to face a group of 400 stunned Bear executives. Five days earlier, Bear Stearns, one of Wall Streets five largest investment banks, had lost $17 billion of wealth, triggering the biggest financial panic since the Great Depression.
A few months ago, Senator Hillary Rodham Clinton would have seemed the least likely Democratic presidential candidate to lead a congressional charge to repeal the authority of Congress bestowed in 2002 upon George Bush to wage war on Iraq.
In the final countdown to the November 7 mid-term congressional elections, Democrats.com has already begun celebrating. Calling for candlelight vigils outside polling stations across the nation on election night, the website says its blue-clad supporters will bear moral witness against voting fraud during the historic moment when the Democrats are expected to retake Congress (well, at least the House of Representatives), with the “Republican Revolution” finally unraveling after 12 long years.