Ellen Brown: “Bail-in” is not the law yet, but the G20 governments will be called upon to adopt the FSB’s resolution measures when the proposal is finalized after taking comments in 2015.
Bloomberg to Treasury
Brent Budowsky: Naming Bloomberg Treasury secretary would be a bold move by Obama to seek a post-partisan truce against gridlock in Washington and to escalate an urgent bid to create jobs, revitalize housing and revive the economy.
Don’t Fall for GOP “Budget Crisis” Lie
Robert Reich: Republicans are using what would otherwise be a routine, legally technical vote to raise the debt limit as a means of holding the nation hostage to their own political goal of shrinking the size of the federal government.
What Should Be Done With The Next $350 Billion of Taxpayer Bailout Money: Criteria for TARP II
It’s difficult to make the case that the first $350 billion bailout of Wall Street — so-called “TARP I” — fulfilled its goals, unless one argues that the Street would have imploded without it, which is pretty much what Hank Paulson is saying these days. And since it’s impossible to prove a counter-factual, especially when […]
How Obama Is Already Taking Charge
by Robert Reich — Obama’s immediate challenge is to fill the leadership vacuum created by a lame-duck president with historically-low approval ratings who seems to have lost interest in his job (at this writing, he’s out of the country) and who’s disappeared from the media, and a Treasury chief who has all but punted on […]
Congress Passes Wall Street Relief Act of 2008
At a news conference held a short time ago, a bi-partisan claque of Congressional leaders stood before cameras to declare, finally and with great relief, “We have a Pope bailout!” Let the puff of white smoke rise from the Capitol’s chimney. Except none of them said exactly what is in the deal. How much money […]
