by Richard Eskow | Sep 8, 2013 | Federal Reserve Chair, Financial Reform
The selection of the next Federal Reserve chair is no longer just a matter of policy or personnel. It has also become a test of the Obama administration’s ability to respond pragmatically when confronted with evidence that its preferred course of action would be...
by Digby | Sep 8, 2013 | Financial Reform, Progressive Vision
Not that this is exactly news, but Michael Bloomberg is a jerk. A very wealthy jerk. "This city is not two groups, and if it is, it's one group paying for services for the other." Yeah, well these rich assholes wouldn't have any of the "services" that helped them to...
by Mary Bottari | Sep 3, 2013 | Federal Reserve Chair, Financial Reform
The Washington Post's Ezra Klein reports that Larry Summers is the "overwhelming favorite" of the Obama team for the job as Federal Reserve chairman. To convince the American public that one of the chief architects of the 2008 financial crisis should be the chief...
by Richard Eskow | Aug 29, 2013 | Federal Reserve Chair, Financial Reform
It takes a special kind of magic to bring together groups as diverse as progressive Democrats, Californians, conservative Republicans, feminists, a number of prominent economists, and a large chunk of the global investment community. Lawrence Summers has that kind of...
by Robert Borosage | Aug 29, 2013 | Federal Reserve Chair, Financial Reform
A White House aide has now floated the word that Larry Summers is being “vetted” for nomination to head the Federal Reserve. Whatever the president’s preference, it is clear that the “boys club” that dominates administration economic policy is all in for Summers....
by Richard Eskow | Aug 27, 2013 | Financial Reform
Anat Admati makes a compelling case for effective financial reform in a recent New York Times op-ed entitled “We’re All Still Hostages to the Big Banks.” Admati, a leading voice for meaningful regulation of the banking sector, makes the following key points: “Nearly...
