N.Y. Times Claims Summers Was Closet Regulation Supporter

The supporters of Larry Summers drive to be Fed chair are desperately trying to rewrite history so that this world class champion of financial deregulation was actually a prescient supporter of tighter regulation all along.
N.Y. Times Claims Summers Was Closet Regulation Supporter
Dean Baker

Bankers: The Real House Thieves of New Jersey

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 […]
Richard Eskow


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 […]
Richard Eskow

A Surprise Ending for Larry Summers and the Fed?

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 […]
Richard Eskow

Not Sexist Summers, Please

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 […]

A Federal Bailout For Detroit’s Pensions?

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 […]
Richard Eskow

Calling on Congress to Advance Home Opportunity

In tough times, there’s some good news on the housing front. In slow but meaningful steps around the country, decisionmakers are adopting key elements of the Compact for Home Opportunity, […]
Alan Jenkins

Conservative Obstruction Crippling Two Key Watchdogs

Though the Consumer Financial Protection Bureau opened shop almost three years ago, it has yet to be fully functional because of the financial industry lobby and its allies in Congress. […]
Derek Pugh

The Looting of Detroit

Nearly 100 years ago two young Detroit girls visited a now-vanished island park that had a dance pavilion, amusement rides, and swimming, and wrote that they were “having fun” on […]
Richard Eskow

Succor the Banks; Gouge the Kids

The U.S. Congress votes readily to subsidize the big banks to our peril. The Congress lavishes subsidies to Big Oil to our shame. Congress allows Big Pharma to help health […]
Robert Borosage

Sen. Merkley Blasts Too Big to Jail Policy on Big Banks

Senator Jeff Merkley, one of the handful of independent stalwarts on bank reform, today blasted the Attorney General for the Justice Department’s apparent policy of giving big bankers a “get […]
Robert Borosage

The Grand Betrayal

The following was originally published in The Nation. With the election behind us, President Obama and the lame-duck Congress return to Washington to face a fiscal showdown, occasioned by automatic […]
Robert Borosage

A Nation In Progress

In the words of the old spiritual, “My Lord, what a morning!” Barack Obama’s 2008 campaign was defined by an iconic poster bearing the single word: “Change.” Obama’s victory in […]
Terrance Heath

Make Paul Ryan Own His Budget … And Its Consequences

Robert Reich has some excellent advice for Vice President Joe Biden, regarding his debate we VP wannabe Rep. Paul Ryan: Don't debate the earnest, affable Paul Ryan who's likely to show up tonight. Debate the right-wing Randian behind those blue eyes.
Terrance Heath

Why Conservatives Have Lost “The Real Referendum”

In his most recent column, Paul Krugman makes a convincing case that the "real referendum" in this election isn't about President Obama's (real or imagined) economic policies, but about the "the legacy of the New D
Terrance Heath

The Two Things Elizabeth Warren Needs To Do

This week's Public Policy Polling poll showing Republican Sen. Scott Brown opening up a 5-point lead over Consumer Financial Protection Bureau architect Elizabeth Warren will certainly be a wake-up call to her campaign and her supporters. But will she, and we, draw the right lessons?
Bill Scher

The Walker Recall

That Gov. Scott Walker survived the recall in Wisconsin is a tragic setback for the stunning citizen’s movement that challenged his extremist agenda in Wisconsin. Its implications are likely to be exaggerated by the right, and underplayed by progressives. Here are some thoughts on its meaning.
Robert Borosage

Workers of the World Unite — with Shareholders

At Citigroup, shareholders had their say on CEO pay -- and they yelled, "No damn way!" Concerted action by shareholders, workers and public interest groups compelled corporate change in several other cases this spring as well. At least three CEOs resigned.
Leo Gerard

Tell Congress End Too-Big-To-Fail Make Banking SAFE

JPMorgan Chase’s $2 billion bad bet has made it crystal clear: The Wall Street banksters are still recklessly gambling with government-guaranteed money. And the too-big-to-fail banks are still too big.
Isaiah J. Poole

Will CEO Pay Excess Outlast Our Shareholder Spring

A string of surprising 'say on pay' votes has some executive pay critics sensing an impending revolution in corporate boardrooms. But that 'revolution' won't amount to much until mainstream CEO pay reformers start factoring worker pay into the corporate compensation equation.

Ryan Budget A Loser In Republican Battlegrounds

House Republicans can call their budget a "Path to Prosperity" all they want, but as far as the American Majority is concerned, it's a path to political defeat for the politicians who support it—if progressives make the right arguments in favor of an alternative that grows the economy and protects...
Isaiah J. Poole

Romney-Santorum Really Just A One-Man Race Anyway

So it's down to Romney vs Santorum now. But when when it comes to the 1% it’s really just a one-man race. The difference between Romney and Santorum is that while Romney’s policies benefit only the 1%, Santorum’s policies only benefit the 1%.
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