Washington: Totally Disconnected From Main Street
Can you hear me calling you? -Mike and The Mechanics Mark Twain said that when he died he wanted to be in Kentuck...
Can you hear me calling you? -Mike and The Mechanics Mark Twain said that when he died he wanted to be in Kentuck...
Obama promoted the architects of the financial disaster and demands that we hail them as heroes because they, and Wall Street, only wrecked the economy -- they haven't (yet) utterly destroyed it.
For the first time, Obama's approval ratings are below 50 percent and calls for Treasury Secretary Timothy Geithner's resignation are growing louder.
Did Goldman and the other banks know for certain that the bankruptcy of AIG was no longer a risk for them? That the Fed and Treasury were now irrevocably committed to saving AIG?
Geithner's problem is not that he is by nature a corrupt man. It's that he is steeped in the Wall Street way of doing business, which itself is riddled with fraud -- and billions of taxpayer dollars are at stake.
The fatal hallmark of this president's financial policy is that it is being designed by the very people who created the mess that enriched them while impoverishing the nation, and they now want more of the same.
Geithner is a continuing liability for this President. By stepping down, he can rightly claim some successes, while also presenting an opportunity for Obama to appoint a Treasury Secretary who fights for Main Street.
Special Inspector General for TARP (aka "SIGTARP") Neil Barofsky said something we've all known for a while: the government gave away the farm when AI...
At 11 am today, fifty Americans from 10 states will gather outside the Department of Treasury to demand that Secretary Geithner summon the same determ...
Recently, the Mayor of London, Boris Johnson, penned an article bemoaning the greed of bankers and hatred of politicians. Indeed, it has been a wid...
These solutions come from people who seek to change the mega-casino our government has built back to one built on investors, innovators and workers creating things that benefit society.
Two weeks after President Barack Obama announced a special conference to discuss increasing the flow of credit to small businesses, no information abo...
Why else would Obama be thinking of sending thousands of troops to Afghanistan? Why would he have nearly abandoned a health care public option? What happened to getting rid of lobbyists?
With the announcement of record Wall Street bonus pools and rising credit card fees, it is time to sit back and see where we go from here.
The current custodian of America's wealth, Treasury Secretary Tim Geithner, is not doing a good job. The time for corrective action is now.
One year since an historic election, where the Obama administration has fallen short in our hopes for a truly new direction, one finds the central conflict to be between public good and private gain.
The Obama administration, far from backing off or restricting TARP, is quietly moving forward a plan to create an even bigger, more permanent TARP.
One of AIG's goals last fall was to persuade the counterparties to the credit default swaps it had written to accept buyouts as low as 40 cents on the dollar. Then Tim Geithner, head of the New York Fed, stepped in.
If anyone has ever dreamed of being an office holder, 2010 is the year to do it. There are going to be several situations where voters elect a complete unknown, just to express their anger about the incumbent.
Two ideas are floating around Washington regarding how to handle 'too big to fail' banks, but only one is supported by the Treasury and the White House. Unfortunately, it's the wrong one.
Small business groups are concerned the real agenda of the upcoming Obama administration small business conference will be to adopt legislation and policy that will change the definition of a small business.