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Anna Bernasek

Entries by Anna Bernasek

What's the Biggest Problem Facing Our Economy?

(7) Comments | Posted July 12, 2010 | 4:20 PM

No it's not the budget deficit. Nor is it the chance of sliding back into recession. What's holding us back is a policy deficit.

At a time when the economy is stuck in a deep and unusual malaise--corporations are hoarding cash, unemployment is stubbornly high, credit is tight, and most...

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What Does Good Financial Reform Look Like? And Where Is It Today?

(10) Comments | Posted May 28, 2010 | 12:28 PM

My vote for the best financial reform ever goes to the system of mandated disclosure introduced in 1934 as the centerpiece of the SEC. In response to the worst stock market crash in the nation's history, lawmakers made a bold and inspiring decision to require full disclosure from publicly listed...

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Where's the Integrity in Financial Reform?

(2) Comments | Posted May 27, 2010 | 11:11 AM

It's hard to believe in the integrity of the financial reform package now almost certain to pass into law. That's not to say there aren't some positives in the legislation. But without an honest, straightforward approach the reform isn't likely to do much good. Here are five gaping holes which...

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The Biggest Blunder on Financial Reform

(0) Comments | Posted April 15, 2010 | 2:38 PM

Thank heavens President Obama is taking on financial regulation as his next priority. It's our biggest economic policy issue by a long shot. The trouble is the pitch is all wrong and that's why it's shaping up to be a tougher fight than it should have been.

The White House...

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Top Five Reasons Why Obama Should Say "Sorry"

(38) Comments | Posted January 27, 2010 | 2:11 PM

Today the White House deemed it prudent to prepare the country for an apology in the upcoming State of the Union address. It might not be the apology you're looking for, though. The President is set to acknowledge his responsibility for missteps (read: the missteps of others who continue to...

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Stimulate the Economy But With Spending the Public Can Support

(0) Comments | Posted January 26, 2010 | 1:57 PM

Today the Obama Administration floated an idea for reining in the deficit by proposing to freeze some parts of government spending for three years. Both the White House and some of the economics profession of late though have been focusing on the wrong question. Their focus has been on how...

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Gruber and the Politics of Complexity

(0) Comments | Posted January 14, 2010 | 2:44 PM

This week bloggers raised ethical questions about the relationship between the Obama administration and an MIT economist hired as an expert consultant to carefully assess the impact of health care reform. Without jumping to conclusions about anyone's rectitude, the incident highlights an issue of vital importance to our democratic society....

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The Fact That Ends the Health Care Debate

(14) Comments | Posted January 7, 2010 | 1:55 PM

The main victim in the health care debate so far seems to be the truth. Opinions and hyperbole are in plentiful supply, but some publicly available and verifiable facts are quite stunning.

You probably are well aware that the US spends more in total on health care per person...

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5 Facts the Finance Industry Would Rather Ignore

(35) Comments | Posted December 10, 2009 | 4:30 PM

With the House and Senate at work on differing proposals for financial reform, real change in the financial system seems more elusive than ever. Rebounding bank profits, a direct result of government giveaways, and gobbledygook from the industry have successfully fogged the issue. The vast public is in danger of...

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