iPhone app iPad app Android phone app Android tablet app

Entries by Robert Kuttner from 05/2010

Harry and the Homeowners

| Posted 05.02.2010 | Business
Read More: Foreclosures, Hamp, Subprime Mortgages, Midterm Elections, David Axelrod, One Los Angeles, Larry Summers, Harry Reid, Timothy Geithner, Foreclosure, Nevada, Tea Party, Housing Crisis, Business News

The Obama administration has made several false starts at serious mortgage relief. But every single shift in the program has been hobbled by the same basic problem -- it is voluntary to the bankers.

Read Whole Story

Teachable Moments -- But Where's the Teacher-in-Chief?

| Posted 05.09.2010 | Politics
Read More: Goldman Sachs, Bp, Rush Limbaugh, Oil Spill, Tim Geithner, Derivatives, Chris Dodd, Huffington Post, Financial Regulation, Politics News

The Goldman Sachs fraud case, the BP oil blowout and the stock market going berserk each demonstrate why the private profit motive cannot be relied upon without some steering or harnessing mechanism by government.

Read Whole Story

The Week Wall Street Became Politically Radioactive

| Posted 05.16.2010 | Politics
Read More: Wall Street Reform, Dodd Financial Reform Bill, Wall Street Regulation, Financial Reform, Derivatives Reform, Politics News

The long sought grail of bipartisanship is finally with us -- and it is an emerging bipartisan consensus to cleanse the evils of high finance.

Read Whole Story

Get a Grip: Austerity Does Not Produce Prosperity

| Posted 05.23.2010 | Business
Read More: Debt, Eurozone, Greece, John Maynard Keynes, Wall Street, Financial Recovery, European Union, Eu, Austerity, Business News

Austerity has suddenly become the universally prescribed cure for the fallout from the financial collapse. If widely adopted, it will prove worse than the disease.

Read Whole Story

BP and the Bankers

| Posted 05.31.2010 | Politics
Read More: BP Oil Spill 2010, Obama Oil Spill Response, Obama Progressives, Wall Street Crisis, Barack Obama, Barack Obama Wall Street Crisis, Politics News

What do the oil catastrophe and the Wall Street collapse have in common? In both cases, a powerful, politically protected industry invented something that could not easily be repaired when it broke.

Read Whole Story