by Robert Borosage | Apr 14, 2010 | Blog
Were the big banks all knowingly running Ponzi schemes? That's the question that arises from the stunning hearings held this week by the Senate Permanent Committee on Investigations, chaired by Senator Carl Levin, on the collapse of Washington Mutual, the largest...
by Robert Borosage | Apr 8, 2010 | Blog
Naked Capitalism posts a great blog from George Washington of the Washington Blog arraying the authorities who have now come out for breaking up the big banks. Everyone from small bankers to the Bank of International Settlements, the central bankers' centeral bank....
by Robert Borosage | Apr 2, 2010 | Blog
With pressure building on the administration to tell the truth on China’s currency manipulation, and a report required by law on April 15, the Chinese government demonstrated just how sophisticated it is about playing US politics. Setting aside the harsh rhetoric of...
by Robert Borosage | Mar 31, 2010 | Blog, Economy
The economy is said to be recovering, but the people are not. The jobs are gone, and haven't started to come back. Twenty-five million people are in need of full-time work. Incomes are stagnant; more and more are losing health care. Even the uptick in jobs that will...
by Robert Borosage | Mar 26, 2010 | Blog
The Congress just voted to take over $60 billion in subsidies to the banks and invest it in aid to college students. The students beat the banks; hard to believe but true. The reconciliation bill that featured the final “fixes” on health care also included a...
