Great Recession: All's Well That Ends Well?
So it's almost official. The recession is almost over.
So it's almost official. The recession is almost over.
Any doubts as to whether Iceland's elite has declared war on its people were dispelled this weekend.
There may be a garden outside the Oval Office but there is a minefield inside it.
If the Democrats in Congress don't find a way to become co-advocates with the president on these important issues, their future political problems will be the least of it.
Obama did advance the financial reform agenda in his July 22 press conference by calling for a transaction fee for exotic instruments such as credit derivatives.
The "Do Nothing Coalition" has turned its back on the citizens it's supposed to represent.
If you knew that no matter what level risk you took the government would always come riding to the rescue -- and that more risk equals more money in the short term -- wouldn't you take more risks?
100 Quad City factory employees risk losing their jobs if Wells Fargo doesn't extend tens of thousands of dollars in credit to continue day-to-day operating costs.
Is it possible that all that money spent is at best doing nothing more than delaying the inevitable, and at worst exacerbating the very problem it was meant to solve?
I've tiptoed only so far into Techno-Dollar World. I finally started paying some of my bills online. Which was more than enough to get me into hot water.
The lack of clear ethical rules and the frontier justice mentality in Iceland continues to cause confusion and raise questions about the legal profession's ability to regulate itself in Iceland.
Schwarzenegger rejected a plan that would save $3 billion by cutting school spending. He said he'd rather see the state issue IOUs than delay the funding problem with a piecemeal approach.
Is a Democratic administration and a Democratically controlled Congress presiding over one of the most regressive wealth transfers in history?
The Bush-Obama strategy of throwing trillions at the banks is a huge bust. Why was I so naive as to have expected this Democratic president to not do the bidding of the banks?
The story reads like something out of a sitcom or a joke that doesn't have a punchline. Woman stashes life savings to the tune of $1 million in her ma...
In recent weeks, as the market stalled, investors have gone back on a starvation diet. So what's next? If this past week is any indication, look for a resumption of financial heartburn.
Contrary to what John Boehner says, a big foot needs to be placed on the financial industry to make sure that last year's near collapse can never happen again.
Keeping the irresponsible, greedy and reckless players from destroying the economic recovery before it starts goes to the heart of whether Obama's presidency will be a success.
According to Summers and Geithner, the Obama plan to be revealed today promises that all derivatives dealers will be "subject to supervision, and regulators will be empowered to enforce rules against manipulation and abuse."
Progressives are keenly aware of all the political contributions the financial industry makes. But when you are as big as these behemoths, your power stretches far beyond campaign contributions.
The latest stock market bubble has undermined the urgent push for reform, which seems to have given way in Washington to a push to move on to other things and leave that little financial kerfuffle behind us. It puts a whole other spin on the audacity of hope. READ MORE Mission Shrink: We've Gone From Saving Wall Street in Order to Save Main Street to Just Saving Wall Street The problem continues to be the administration's habit of conflating the health of the Wall Street economy with the health of the real economy -- when, in fact, the two economies have become decoupled. READ MORE WATCH: Arianna Discusses Events in Iran, Obama's Agenda on Larry King Live WATCH: Arianna Discusses America's Response to Iran on The Situation Room