GAO Report Shows Multiple Conflict of Interest Cases at Fed Regional Banks

By: Wednesday October 19, 2011 12:35 pm

Federal Reserve chair Ben Bernanke acknowledged yesterday that the central bank may need to do a better job dealing with asset bubbles. I think I just heard Dean Baker’s head explode. Specifically, Bernanke said that he would move to use interest rate policy and not just regulatory tools to head off bubbles. “In the decades [...]

Obama Jobs Council Chair Immelt: Give Corporations a Big Tax Break to Create Jobs!

By: Tuesday July 12, 2011 9:35 am

You may remember that the President said yesterday that getting the deficit “off the table” (as if that is ever a possibility) will allow the Administration to renew their focus on job creation, which voters agree is the most important issue facing the country. The President is more circumspect when addressing what “focusing on job [...]

Feingold’s Progressives United Goes After Jeffrey Immelt

By: Wednesday March 30, 2011 11:43 am

Progressives United is a very new formulation for former Senator Russ Feingold. With all the tumult in his backyard over Scott Walker and the unions, it was natural that would be an early focus. But I think it’s interesting that he went here for his first campaign outside that. General Electric, America’s largest corporation, made [...]

Corporations Pushing for Tax Break Pay Little in Taxes

By: Friday March 25, 2011 9:20 am

You may not have heard about “Win America,” because you’re not the target audience. This is a coalition of multinational corporations who want the federal government to enact another tax holiday for overseas corporate profits. This would allow these corporations to bring back money they illegally stashed in tax shelters overseas at a fraction of [...]

New White House Economic Board Replaces Volcker With GE’s Jeffrey Immelt

By: Friday January 21, 2011 6:23 am

The President’s Economic Recovery Advisory Board, commissioned at the beginning of the Obama Presidency, will be allowed to expire in February. That means its chairman, former Fed chair Paul Volcker, will cease being an advisor to the President. A new commission on jobs will replace the PERAB, and the White House got their CEO advisor [...]

GE’s Immelt: “The richest people made the most mistakes with the least accountability”

By: Thursday December 10, 2009 6:45 am

In a remarkable speech, Jeffrey Immelt, the CEO of General Electric, gave the opposite of a Gordon Gekko speech yesterday at West Point, saying that the era of “greed and meanness” has come to an end in America. “We are at the end of a difficult generation of business leadership, and maybe leadership in general. [...]

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