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...
by Dave Johnson | Sep 8, 2010 | Blog, Economy
President Obama unveiled a "Roads, Railways and Runways" infrastructure proposal today in Milwaukee. The proposal is for a six-year, $50 billion plan to create jobs by improving and expanding 150,000 miles of the nation's roads, 4,000 miles of railways and 150 miles...
by Bill Scher | Sep 8, 2010 | Blog
We know the pathetic disaster response to Hurricane Katrina by the Bush administration was rooted in anti-government, pro-privatization conservative ideology. President Bush removed FEMA from the cabinet, repeatedly appointed FEMA chiefs with no disaster management...
