by Richard Eskow | Jul 30, 2013 | Financial Reform
Write a cookbook, go to jail? David Dayen points out the absurdity and hypocrisy behind the Obama/Holder Justice Department's decision to indict two stars of "The Real Housewives of New Jersey" on charges of mortgage fraud while Wall Street's crooked bankers still go...
by Richard Eskow | Jul 28, 2013 | Federal Reserve Chair, Financial Reform
It’s a real-life disaster movie, one that’s left neighborhoods in ruins all across the country, killed thousands of people, and ruined millions of lives. You might call it a “Banknado.” Yes, we know the “Sharknado” craze ended about ten days ago. The sci-fi movie’s...
by Richard Eskow | Jul 25, 2013 | Federal Reserve Chair, Financial Reform
Whoever said, “What you don’t know can’t hurt you” doesn’t know much about economics. That goes double for the nomination of Lawrence Summers to head the Federal Reserve. For all the ink that's been spilled on the topic, there’s at least one surprise ending people...
by Dave Johnson | Jul 24, 2013 | Federal Reserve Chair, Financial Reform
Larry Summers for the Fed? Seriously? There are better choices for Federal Reserve chair; in particular, Janet Yellen is more than qualified and would do a great job. Ezra Klein writes in, "Right now, Larry Summers is the front-runner for Fed chair," "The word among...
by Isaiah J. Poole | Jul 24, 2013 | Federal Reserve Chair, Financial Reform
Sheila Bair, the former chair of the Federal Deposit Insurance Corporation and one of the few insider voices of sanity in the midst of the 2008 financial crisis, made the case for Federal Reserve vice chair Janet Yellen to replace Ben Bernanke as Fed chair when his...
by Richard Eskow | Jul 22, 2013 | Financial Reform
Here's an economic free-association test. Read the following sentence: The federal government should bail out Detroit city worker's pensions so that retirees can be paid in full. Some people will approve of the idea. But others will be shocked or angry. They'll...
