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Bailouts

Pushing For Economic Justice Is The Only Path To Victory For Democrats

Sarah van Gelder | Posted 02.27.2017 | Home
Sarah van Gelder

With the attention of the nation riveted on the Trump train wreck, one lesson of this moment is getting lost: The Democratic Party lost an election to...

The Constitutional Apocalypse

Les Leopold | Posted 02.21.2017 | Home
Les Leopold

As Trump vilifies the press, the courts, immigrants, Muslims, Democrats, protestors and anyone who disagrees with him, it isn’t hard to imagine a mo...

Donald Trump Is Taking Credit For A Meaningless Stock Market Record

The Huffington Post | Ben Walsh | Posted 02.17.2017 | Home

No achievement is too small for President Donald Trump to tweet about. On Thursday morning, he bragged about the stock market being on the “longes...

Donald Trump Is Breaking His Promise To Be Tough On Wall Street

The Huffington Post | Ben Walsh | Posted 02.03.2017 | Home

UPDATE: Feb. 3 ― President Donald Trump signed executive orders on Friday that halt the Obama administration’s conflict of interest rule for retir...

The Goldman Sachs Effect

Nomi Prins | Posted 01.29.2017 | Home
Nomi Prins

Cross-posted with TomDispatch.com Irony isn’t a concept with which President Donald J. Trump is familiar. In his Inaugural Address, having nominated...

A Citigroup Lawyer Helped Trump Pick Bank Regulators, Then Returned To Work At The Bank

The Huffington Post | Ben Walsh | Posted 01.26.2017 | Home

NEW YORK ― Sometimes the revolving door spins fast. Before President Donald Trump was inaugurated, Julie Lindsay, a top lawyer at Citigroup, was wor...

A Former Coal Lobbyist Is Running To Chair The Democratic Party

The Huffington Post | Zach Carter | Posted 01.10.2017 | Home

For nearly all of the Obama era, Jaime Harrison has been a lobbyist at the Washington powerhouse Podesta Group. His clients have included some of the ...

Joe Biden On The One Word That Defines America

The Huffington Post | Kate Abbey-Lambertz | Posted 01.10.2017 | Home

DETROIT — Vice President Joe Biden praised American ingenuity and Motor City grit on Tuesday, running through highlights of his and President Barack...

How Obama Used The Bully Pulpit To Help Workers

The Huffington Post | Arthur Delaney | Posted 01.11.2017 | Home

This piece is part of a series on Obama’s legacy that The Huffington Post will be publishing over the next week. WASHINGTON ― After President-ele...

Republicans Would Repeal Obamacare In Precisely The Way They Accuse Democrats Of Enacting It

The Huffington Post | Jonathan Cohn | Posted 01.08.2017 | Home

The story that Obamacare opponents tell about its enactment is that backers conceived the health insurance proposal in secret, misled the public about...

How Barack Obama Changed The Rules Of The Workplace

The Huffington Post | Dave Jamieson | Posted 01.11.2017 | Home

This piece is part of a series on Obama’s legacy that The Huffington Post will be publishing over the next week. WASHINGTON ― In early 2014, as h...

Obama Called Inequality 'The Defining Challenge Of Our Time.' He Didn't Do Much About It.

The Huffington Post | Zach Carter | Posted 01.11.2017 | Home

This piece is part of a series on Obama’s legacy that The Huffington Post will be publishing over the next week. In December 2013, President Barack...

Trump Taps Wall Street Lawyer Jay Clayton To Lead Securities And Exchange Commission

The Huffington Post | Christina Wilkie | Posted 01.04.2017 | Home

President-elect Donald Trump plans to nominate Wall Street lawyer Jay Clayton to be chairman of the Securities and Exchange Commission, his staff anno...

Bernie Sanders Once Cried 'Socialist' At A Guy Now Hoping To Be Trump’s Economic Policy Chief

The Huffington Post | Daniel Marans | Posted 12.15.2016 | Home

Sen. Bernie Sanders (I-Vt.) once taunted Larry Kudlow, who is reportedly a leading candidate to head President-elect Donald Trump’s Council of Econo...

The Damage From Free Trade Helped Elect Trump

Dave Johnson | Posted 11.09.2016 | Home
Dave Johnson

It seems that lots of media/political/business people "on the coasts" don't get how big a deal trade played in Tuesday's election.

America's Costly Addiction To Billion-Dollar Bailouts

Michael Shank, Ph.D. | Posted 10.13.2016 | Home
Michael Shank, Ph.D.

Bailouts, like the one recently considered by the Obama Administration, aren't the purview of one political party. Both parties do it freely and frequently, at federal and state levels. The US government is bailing out businesses all the time.

New York Approves $7.6 Billion Bailout Of Nuclear Power Plants

Karl Grossman | Posted 08.03.2016 | Home
Karl Grossman

The New York State Public Service Commission--in the face of strong opposition--this week approved a $7.6 billion bailout of aging nuclear power plants in upstate New York which their owners have said are uneconomic to run without government support.

What the 'Steve Jobs' Movie Won't Tell You About Apple's Success

Lynn Parramore | Posted 10.26.2016 | Home
Lynn Parramore

Mazzucato debunks common myths about how innovation works and shapes a new narrative on how to grow a robust and inclusive economy. Think that iPhone in your pocket is simply a product of Silicon Valley magic? Think again!

Three Rich Treasury Secretaries Laugh It Up Over Income Inequality

The Huffington Post | Zach Carter | Posted 09.04.2015 | Home

Three of the world's richest and most powerful people (and Timothy Geithner) had a good laugh over income inequality earlier this year. Former Treasu...

Must-Read Investigative Report Highlights Wall Street's Latest Lobbying to Avoid Key Financial Reforms

Dennis M. Kelleher | Posted 08.27.2016 | Home
Dennis M. Kelleher

Reuters' Charles Levinson has written a must-read investigative report on Wall Street's latest scheme to avoid critically important financial reforms: change a few words in their derivatives contracts and pretend that they are not guaranteeing their overseas affiliates.

Review: Janet Tavakoli's Decisions: Life and Death on Wall Street

Nomi Prins | Posted 06.28.2015 | Home
Nomi Prins

Janet Tavakoli is a born storyteller with an incredible tale to tell. In her captivating memoir, Decisions: Life and Death on Wall Street, she takes us on a brisk journey from the depravity of 1980s Wall Street to the ramifications of the systemic recklessness that crushed the global economy.

What Explains the Election Results? It's (Still) the Economy

Dennis M. Kelleher | Posted 01.10.2015 | Home
Dennis M. Kelleher

No one should be surprised that the American people are economically insecure and anxious. Seven in 10 voters said the nation's economy is in bad shape. Voters who said the economy was important to them voted 2 to 1 for Republicans.

Banking That Wall Street Will Save Us From the Tea Party and Default?

Les Leopold | Posted 10.15.2013 | Home
Les Leopold

It's as if we've forgotten that these very same financiers not so very long ago took down the global economy with their bewildering array of fictitious financial instruments and gambling operations, many of which are still in play. Now we expect them to work in behalf of the common good?

AIG's CEO Says Criticizing AIG's Bonuses Like Lynching African Americans During Jim Crow

Dennis M. Kelleher | Posted 11.25.2013 | Home
Dennis M. Kelleher

How could anyone five years after the crash have such disgraceful beliefs? It's the predictable outcome of trillions of dollars of no strings bailouts for Wall Street with no accountability for the financial crash and Wall Street's role in causing it.

Is the U.S. Becoming the Eurozone?

Jared Bernstein | Posted 09.14.2013 | Home
Jared Bernstein

One wonders how regional bailouts would play out in today's U.S., with our far more polarized nation. I suspect at the end of the day New York would bail out Texas, but a lot more teeth would be gnashed today than in 1989.