by Dave Johnson | Apr 21, 2010 | Blog
Finance officials from the G20 countries are meeting for three days beginning tomorrow. China's currency manipulation is one of the top items on the agenda because it is hurting the entire world, not just the United States. The currency is undervalued by as much as...
by Robert Borosage | Apr 21, 2010 | Blog, Economy
This post is part of the two-week long Virtual Summit on Fiscal and Economic Responsibility for People Who Did Not Wreck the Economy, hosted by Campaign for America's Future. The drumbeat about deficits has reached deafening levels. The president warns about "out of...
by Dave Johnson | Apr 21, 2010 | Blog
Conservatives claim that income from corporate dividends is "taxed twice" -- first when the corporation pays its taxes (if it does pay taxes), and then when the recipient of dividend income pays taxes on that income. They don't claim, however, that when you pay your...
by Zach Carter | Apr 20, 2010 | Blog
Tuesday's hearing on Lehman Brothers' now infamous Repo 105 scam was only tangentially related to the megabank's accounting deceptions and subsequent collapse. That story is simple: Lehman almost certainly committed fraud, regulators failed to stop it, and many of the...
by Sara Robinson | Apr 20, 2010 | Blog
We are a fickle people, ruled by a fickle media. It's astonishing how much national opinion can change in just a week or two. And if you don't believe me, just ask the Tea Party. They've had a rough couple of weeks. To summarize just some of the ongoing catastrophe: *...
by Zach Carter | Apr 20, 2010 | Blog
11:05 Rep. Anna Eshoo is laying out the case against Lehman. The company engineered a host of sham transactions to temporarily reduce the company's massive leverage levels. Top-level management knew the transactions were totally meaningless, but engaged in them to...
