The President’s proposed tax on fifty of the largest financial institutions seeks to raise $90 billion in the next ten years, but there’s a chance it could go further. If the losses from the $700 billion Troubled Assets Relief Program,…
CNN takes us through a 6 minute review of the years top political developments.
This piece in the WaPo is one of several I’ve seen since 2008 in which the head of a major financial institution pairs a mea (sorta) culpa for the financial collapse with some conscientious advice on how to make things…
The President addressed Wall Street leaders today at Federal Hall. The topic was financial regulatory reform.
Here’s the full text of the speech. It starts with a lot of the President patting himself on the back for the success of…
Politic.ology’s favorite New Zealand Free-Market blogger seems to think so. From Critical Thoughts:
FDIC running empty already?
Noticed this at Mich’s blog.
So what will likely happen next? The market will likely selloff hard again, then the US government will…
“Folks look, AARP knows and the people with me here today know, the president knows, and I know, that the status quo is simply not acceptable. It’s totally unacceptable. And it’s completely unsustainable. Even if we wanted to keep it…
Goldman Sachs announced Tuesday a record quarterly profit of $3.44 billion in the second quarter. What great news! The economy is finally on an upswing and taxpayers will start getting their money back from the massive bailout of the financial…
Would anyone know? Could anyone do anything about it?
How do you tell a Nobel laureate that he might just belong shitting in the corner of a padded room?
Check out this column.
“The bad employment report for June made…
From Justin Gardner:
I talked about this recently when Biden admitted that there might be need for a second stimulus package at some point, but that the administration wanted to see how the first round would suss out.
Still, looks…
There has been a growing frustration and with the Obama administration among many progressives in the blogosphere–typified by folks like Glenn Greenawald–and a growing worry that Obama can’t or won’t live up to his lofty campaign rhetoric.
At the core of…
