Ed Koch Commentary: $700 Million Bailout…why?

This week’s commentary from our friend Hizzonor Ed Koch

November 10, 2008

The I more think about it, the more I believe we were had when the federal government proposed that $700 billion bailout to primarily deal with the liquidity crisis.

At the time, nobody seemed to know what to do. When Secretary of the Treasury Henry Paulson and Federal Reserve Chairman Ben Bernanke jointly proposed the bailout in an attempt to avoid a repeat of the Great Depression, nearly everyone threw up their hands and concluded there was no alternative. Read more

Ed Koch Movie Review “W.”

Here is the latest review from our friend Ed Koch. His take on the Oliver Stone’s W.

In her Times review, Manohla Dargis correctly described “W.” when she stated:

“Mr. Stone’s take on the president, as comic as it is sincere, is bound to rile ax-grinders of every ideological stripe, particularly those who mistake fiction for nonfiction. History informs its narrative arc from Texas to Iraq, but it should go without saying that this is a work of imagination, a directorial riff on real people and places complete with emotion-tweaking music cues, slo-mo visuals and portentous symbolism. It says nothing new or insightful about the president, his triumphs and calamities.” Read more