by Mary Bottari | Dec 2, 2010 | Blog, Financial Reform
Thanks to tremendous public pressure and the recently passed Wall Street reform bill, the U.S. Federal Reserve was forced to reveal the details of its emergency bailout of the financial sector for the first time yesterday. From a quick review of the data now available...
by Leo Gerard | Dec 2, 2010 | Blog
The GOP has adopted the Ken Lay principles – that is obfuscation, false statements and feigned innocence. Republicans are obfuscating about the real reason for their opposition to extending unemployment benefits, the way Enron CEO Ken Lay concealed the truth about...
by Robert Borosage | Dec 2, 2010 | Blog
We all despair of the chump Charlie Brown. Each fall Lucy promises to hold the football. Charlie trusts her. And --bam -- she pulls it away at the last moment each time. Well, the clownish Alan Simpson, dyspeptic co-chair of the president's deficit commission, is...
by Robert Borosage | Dec 2, 2010 | Blog
Robert Reich pleads with Democrats, and President Obama to give Americans a clear explanation about why the economy stinks. He gets it right. The newly liberated leadership of the Democrats in the House would be wise to make this their message and their agenda: Quiz:...
by Zach Carter | Dec 1, 2010 | Blog
Just starting to parse through the Fed audit data. Looks like the Primary Dealer Credit Facility is predominantly a bailout for Citigroup and Bank of America. More to come . . . UPDATE: Looks like in the early days the Primary Dealer Credit Facility was almost...
by Bill Scher | Dec 1, 2010 | Blog
On Wednesday, the White House deficit commission is expected to take a final vote of the recommendations of its co-chairs Alan Simpson and Erskine Bowles. Then the battle for public opinion really begins. As the Wall Street Journal reported today, there is little...
