by Robert Borosage | Sep 9, 2010 | Blog, Economy
The Chamber of Commerce is rolling out its “jobs and economy” political initiative today. As Politico reports, the blitz is “designed to drive voters toward '5 Questions to Ask Your Candidates,' to be distributed by mail and online to millions of voters.” Here are the...
by Zach Carter | Sep 9, 2010 | Blog
3:45 Clearly the best FCIC hearing to date. Tough questions all around. Everybody comes out of it looking bad, bankers and regulators alike, as they should. *********************** 3:30 This hearing is full of surprises. Peter Wallison just presented a very productive...
by Zach Carter | Sep 9, 2010 | Blog, Financial Reform
1:20 All done. Lesson: Break Up The Banks. ****************** 1:00 Most of the discussion surrounding too-big-to-fail at this hearing has dealt with a relatively short period in time: the decision to bailout a firm, and what happened right after that decision. This is...
by Zach Carter | Sep 9, 2010 | Blog, Financial Reform
Last week, Federal Chairman Ben Bernanke finally acknowledged that his preferred "solution" for ending Too-Big-To-Fail is likely unworkable. When the financial crisis exploded in 2008, top Fed and Treasury officials insisted that they did not have the legal authority...
by Robert Borosage | Sep 8, 2010 | Blog
President Obama traveled to Cleveland to deliver an address on the economy designed to highlight the "differences in governing philosophy" between his view and that of the Republican opposition. (A copy of the text is found here:...
by Dave Johnson | Sep 8, 2010 | Blog, Economy
Speaking in Ohio today President Obama described his new jobs and economic programs. (Full text here.) The two major pieces of Mr. Obama’s package — expanding and making permanent a popular credit for businesses’ research and experimentation expenses, and allowing...
