Hugh McGuire

publishing, technology, media, philosophy, a bit of politics.

Washington Mutual Goes Down

From the NYTimes: Washington Mutual, the giant lender that came to symbolize the excesses of the mortgage boom, was seized by federal regulators on Thursday night, in what is by far the largest bank failure in American history. [more…]

does your candidate believe in open?

Jennifer Bell, of has launched a new site, ibelieveinopen, asking candidates to take a pledge for openness: I believe candidates should: Support reforms that increase government transparency and accountability. Make campaign promises specific and measurable, and report progress on promises and their metrics at least semi-annually. Publish the content of his or her daily […]

worse before it gets better?

Washington Post reports, the Director of the Congressional Budget Office warns that the bailout could cause things to get worse. Why? Because it might expose how bad things actually are under the hoods of the world’s financial powerhouses: During testimony before the House Budget Committee, Peter R. Orszag — Congress’s top bookkeeper — said the […]