Finance Lobby Goes to Work With Post-Sandy Weill Damage Control

By: Monday July 30, 2012 10:25 am

Boy, the financial industry is really circling the wagons in the wake of Sandy Weill’s comments endorsing a breakup of big banks and the separation of investment and commercial banking. The finance lobby has revved up their sympathetic sources to ensure the world that change will never come, and anyway that it’s irrelevant. First, they [...]

Steven Pearlstein Informs Us of a Corporate-Led Coup

By: Monday July 23, 2012 10:14 am

In the wake of the news about the expectations that the poverty rate rose in 2011 to pre-Great Society levels, I have to second Dean Baker’s story about the plans by the corporate elite to exacerbate that problem even more. Steven Pearlstein at the Washington Post wrote approvingly over the weekend of an effort by [...]

Pearlstein Proposes Mass Bank Amnesty-for-Refi Swap

By: Monday September 19, 2011 9:35 am

So here’s a preposterous proposal from Stephen Pearlstein. The economy definitely needs stimulus, which is what a mass refinancing push could provide. But it will not save a lot of people’s homes. If you’re far underwater, saving a few hundred bucks on your monthly payment isn’t going to fix everything. And Pearlstein actually knows this. [...]

Steven Pearlstein’s “Grand Bargain” for Public Employees

By: Wednesday January 12, 2011 9:39 am

Steven Pearlstein writes that it’s time for public employees to accept a “grand bargain.” A recession-weary public is now well aware of New York firefighters who retire after 20 years at half pay, of California prison guards who rake in $120,000 a year and of New Jersey teachers who pay little or nothing for health [...]

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