Summers’ Time: The Record That Should Keep Him Off The Fed

The “boys club” that dominates Obama administration economic policy is all in for Larry Summers. The divide between Summers' critics and the insiders dramatizes the looking-glass world that is today’s Washington.
Summers’ Time: The Record That Should Keep Him Off The Fed
Robert Borosage
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We’re Still Hostages to the Big Banks

Anat Admati makes a compelling case for effective financial reform in a recent New York Times op-ed entitled “We’re All Still Hostages to the Big Banks." Admati rightfully notes that we are still unsafe.
Richard Eskow
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Meditations on The Village

This excerpt comes from a piece by Michael Winship on how much Washington has changed since the Nixon years. The social and cultural changes are quite striking. But this says it all.
Digby
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N.Y. Times Claims Summers Was Closet Regulation Supporter

The supporters of Larry Summers drive to be Fed chair are desperately trying to rewrite history so that this world class champion of financial deregulation was actually a prescient supporter of tighter regulation all along.
N.Y. Times Claims Summers Was Closet Regulation Supporter
Dean Baker
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Bankers: The Real House Thieves of New Jersey

Write a cookbook, go to jail? David Dayen points out the absurdity and hypocrisy behind the Obama/Holder Justice Department’s decision to indict two stars of “The Real Housewives of New […]
Richard Eskow
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Banknado

It’s a real-life disaster movie, one that’s left neighborhoods in ruins all across the country, killed thousands of people, and ruined millions of lives. You might call it a “Banknado.” Yes, we know the “Sharknado” craze ended about ten days […]
Richard Eskow
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A Surprise Ending for Larry Summers and the Fed?

Whoever said, “What you don’t know can’t hurt you” doesn’t know much about economics. That goes double for the nomination of Lawrence Summers to head the Federal Reserve. For all […]
Richard Eskow
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Not Sexist Summers, Please

Larry Summers for the Fed? Seriously? There are better choices for Federal Reserve chair; in particular, Janet Yellen is more than qualified and would do a great job. Ezra Klein […]

A Federal Bailout For Detroit’s Pensions?

Here’s an economic free-association test. Read the following sentence: The federal government should bail out Detroit city worker’s pensions so that retirees can be paid in full. Some people will […]
Richard Eskow
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Calling on Congress to Advance Home Opportunity

In tough times, there’s some good news on the housing front. In slow but meaningful steps around the country, decisionmakers are adopting key elements of the Compact for Home Opportunity, […]
Alan Jenkins
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Conservative Obstruction Crippling Two Key Watchdogs

Though the Consumer Financial Protection Bureau opened shop almost three years ago, it has yet to be fully functional because of the financial industry lobby and its allies in Congress. […]
Derek Pugh
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The Looting of Detroit

Nearly 100 years ago two young Detroit girls visited a now-vanished island park that had a dance pavilion, amusement rides, and swimming, and wrote that they were “having fun” on […]
Richard Eskow
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Succor the Banks; Gouge the Kids

The U.S. Congress votes readily to subsidize the big banks to our peril. The Congress lavishes subsidies to Big Oil to our shame. Congress allows Big Pharma to help health […]
Robert Borosage
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Sen. Merkley Blasts Too Big to Jail Policy on Big Banks

Senator Jeff Merkley, one of the handful of independent stalwarts on bank reform, today blasted the Attorney General for the Justice Department’s apparent policy of giving big bankers a “get […]
Robert Borosage
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The Grand Betrayal

The following was originally published in The Nation. With the election behind us, President Obama and the lame-duck Congress return to Washington to face a fiscal showdown, occasioned by automatic […]
Robert Borosage
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A Nation In Progress

In the words of the old spiritual, “My Lord, what a morning!” Barack Obama’s 2008 campaign was defined by an iconic poster bearing the single word: “Change.” Obama’s victory in […]
Terrance Heath
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Make Paul Ryan Own His Budget … And Its Consequences

Robert Reich has some excellent advice for Vice President Joe Biden, regarding his debate we VP wannabe Rep. Paul Ryan: Don't debate the earnest, affable Paul Ryan who's likely to show up tonight. Debate the right-wing Randian behind those blue eyes.
Terrance Heath
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Why Conservatives Have Lost “The Real Referendum”

In his most recent column, Paul Krugman makes a convincing case that the "real referendum" in this election isn't about President Obama's (real or imagined) economic policies, but about the "the legacy of the New D
Terrance Heath
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The Two Things Elizabeth Warren Needs To Do

This week's Public Policy Polling poll showing Republican Sen. Scott Brown opening up a 5-point lead over Consumer Financial Protection Bureau architect Elizabeth Warren will certainly be a wake-up call to her campaign and her supporters. But will she, and we, draw the right lessons?
Bill Scher
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The Walker Recall

That Gov. Scott Walker survived the recall in Wisconsin is a tragic setback for the stunning citizen’s movement that challenged his extremist agenda in Wisconsin. Its implications are likely to be exaggerated by the right, and underplayed by progressives. Here are some thoughts on its meaning.
Robert Borosage
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Workers of the World Unite — with Shareholders

At Citigroup, shareholders had their say on CEO pay -- and they yelled, "No damn way!" Concerted action by shareholders, workers and public interest groups compelled corporate change in several other cases this spring as well. At least three CEOs resigned.
Leo Gerard
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