by Robert Borosage | Oct 24, 2008 | Blog
It marks the end of an era. Alan Greenspan, the maestro, defender of the market fundamentalist faith, champion of deregulation, celebrator of exotic banking inventions, admitted Thursday in a hearing before Rep. Henry Waxman’s House Committee and Oversight and...
by Robert Borosage | Oct 21, 2008 | Blog
Focused on the election? Might be a good idea to watch your pockets at the same time. Here's a glance at what's happening to the Wall Street bailout. Hank Paulson is, no doubt, the most impressive of the Bush administration cabinet members (admittedly not a high bar)....
by Robert Borosage | Oct 17, 2008 | Blog
Peering fearlessly into the increasingly likely terror of a Democratic President with larger Democratic majorities in both houses of Congress, the Wall Street Journal editorial page sums up the stark horrors that could ensue. Voters will be registered. Workers...
by Robert Borosage | Oct 16, 2008 | Blog
Nouriel Roubini is one of the few economists who warned about the housing bubble and predicted the financial collapse before it occurred. His alarms — dismissed as extreme by Wall Street nabobs and most economists — turned out to be right. Now he details the scope —...
by Robert Borosage | Oct 15, 2008 | Blog
Hey, "my friends," about the economy? "How about a little straight talk?" All that palaver about cutting spending, balancing the budget? Ruinous. Can't happen. We're going to have to borrow and spend a boatload of money to get this economy going. And tax cuts? That...
