Timothy Geithner was a true believer. He just believed in the wrong things. While Washington debates the deficit, the big banks are bigger than ever -- and nobody's paying attention.
The accolades for Timothy Geithner came on so thick and heavy in the last week that it's necessary for those of us in the reality-based community to bring the discussion back to earth.
Despite often nice-sounding rhetoric from the president, this administration has continued with a wide range of policies antithetical to progressive values.
Still licking their wounds from the tax battle that featured the first tax rate increases on higher earners in 20 years, Republicans are sure to hold President Obama's feet to the fire in demanding steep budget cuts before they'll agree to raise the debt limit.
On Tuesday, Jan. 15, 2013, Fitch Ratings warned that if there is another Debt Ceiling Crisis, they could lower the U.S. credit rating. The U.S. is a...
The easing of regulations, which permitted financial institutions to become the behemoths they did, is partially responsible for this mess. But I say "partially" because that is only one part of the problem. The other part is the lack of personal accountability on Wall Street.
I suppose that he can't be much worse than Timothy Geithner, but that should be scant cause for cheer over the news that the president has nominated Jack Lew as Treasury secretary.
Why not Paul Krugman? He has a Nobel prize in Economics. He's proven his ability to communicate economic knowledge to the multitude. And he's a fierce opponent of cuts to Social Security and Medicare benefits, and the austerity dogma more generally.
Please don't tell me that these reports in the business press touting Sallie Krawcheck as a front-runner for chairman of the SEC or even a possible candidate to be the next Treasury secretary are true.
If "pragmatic deal maker," as the Wall Street Journal describes Geithner, means someone who believes any deal with Republicans is better than no deal, and deficit reduction is more important than job creation, we could be in for a difficult December.
Selecting Jamie Dimon would be a gift to the powerful investment bank constituency plying their trade already in the all too comfortable niche of 'too big to fail.'
The European Union, a collection of 27 nations throughout Europe politically united to function as a single unified economic market, announced plans to officially disband as of January 1, 2013, and revert to the agrarian economy and lifestyle that defined the continent for centuries before the Industrial Revolution.
It's not just legal action that is important here either: the regulations being written right now under Dodd-Frank will go a long ways toward either helping or hurting our chances of getting back on the path to a strong economy.
Out of the ashes of the Second World War emerged a Utopia vision -- rather than solve problems through military means, we could maintain the peace by investing across borders and promoting human rights.
Morning in America already feels too much like a hangover. The house is still a wreck, the family is dysfunctional and there are enormous bills to pay that are not about to go away.
As Chinese Communist Chairman Mao stated in 1957, "let a thousand flowers bloom." This statement was issued as an alleged initiative to deliberately ...