Austerity Grand Bargain Feared Between Republicans, White House

By: Monday December 20, 2010 6:57 am

Robert Kuttner articulated a growing rumor that’s been floating around in liberal circles, something that the Obama Administration has actually telegraphed since the beginning of the Presidential term: The tax deal negotiated by President Barack Obama and Senate Republican leader Mitch McConnell of Kentucky is just the first part of a multistage drama that is [...]

Serving the Banks: A Good Description of Recent Public Policy

By: Monday December 13, 2010 10:49 am

If you want to rally boil down the work of the US government in the 2009-2010 period, it has been to systematically ensure that banks still rule the world. If that’s the prism through which you view their work, you have to conclude that they were wildly successful. Wall Street’s biggest banks, rebounding after a [...]

Blanche Lincoln Says Derivatives Title “Will Pass”; Warner Begs To Differ

By: Friday May 21, 2010 11:36 am

(I’ll be on the Dylan Ratigan Show today at 4pm ET talking about Wall Street reform.) This is an amazing ad by Blanche Lincoln. Amazing in that she’s almost entirely clueless about what’s really going on with her own bill: “It’s why I’m taking on Wall Street, with the toughest reform bill of anyone in [...]

900-Point Dow Drop as Much about Faulty Oversight as Human Error

By: Friday May 7, 2010 6:26 am

You probably know the excuse by now. Someone at Citigroup entered a “b” instead of an “m” and initiated a 16 billion dollar sell-off of Proctor and Gamble, leading to a massive bungee jump in the Dow, dipping 1,000 points before bouncing right back and finishing the day 300 points off. The stock exchanges seemd [...]

Will Chris Dodd Deep-Six The Volcker Rule?

By: Tuesday February 2, 2010 11:33 am

Sen. Chris Dodd appears obsessed with getting a bipartisan financial reform package through the Senate Banking Committee, no matter if it makes a mockery of reform, no matter if it includes virtually nothing to protect consumers or deal with the problem of “too big to fail” financial firms. He’s already seeking to drop the Volcker [...]

The Jobs Bill – Is There Any Hope?

By: Wednesday December 2, 2009 1:38 pm

We’re at a really tense time in America. The economy is improving mildly but job losses continue to mount. The stimulus package seems to have improved things and saved the country from disaster, but it wasn’t big enough, and its impact is basically peaking right now in terms of how much money is going out. [...]

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