One year ago, homeowners from California, Missouri and Massachusetts marched into the U.S. Treasury and handed officials a foot-high stack of documents from 150 families trying to save their homes.
The belated recognition that millions of mortgages are inadequately documented could be a blessing in disguise if it leads to stronger policy medicine both to clean up the banks and to help distressed homeowners.
Liz Gilbert said of Italy, "In a world of disorder and disaster and fraud, only artistic excellence is incorruptible." I have pondered her insight for weeks. I keep asking myself the essential question. Is the US headed the way of Italy?
The appointment of Elizabeth Warren and the departure of Larry Summers will not solve our problems, or even indicate that President Obama is interested in solving them.
The President has every right to nominate Prof. Warren to run the CFPB, but must be prepared to defend the nomination like any other.
The call for Geithner and Rubin to go will continue loud and long. The real and perceived misery level of the middle class appears likely to continue to rise.
Congressional action on China's cheating looks increasingly likely. The chances for passage of a bipartisan bill in Congress that would deter China from manipulating its currency have improved dramatically.
The central challenge we face isn't to re-balance trade with China. It's to re-balance the American economy so its benefits are more widely shared.
We hear President Obama recently went on a two-week meditation retreat that wasn't made public. A source close to the President's mind confided some o...
Will Elizabeth Warren last? Both Brooksley Born and Sheila Bair have been accused of not being team players. With the team being industry cronies, that's a badge of honor.
During his tenure as Obama's top economic adviser, Summers has continued the Bush policy of throwing money at Wall Street without getting anything in return by way of a moratorium on mortgage foreclosures.
Let's get some of our gold back from the International Monetary Fund, monetize it, and put it in the Social Security Trust Fund.
Given Obama's hemming and hawing about appointing Warren, it's not far-fetched to think that history could repeat itself. Another woman trying to break the old guard's economic chokehold could be shown the door.
The mess we made with our wealth We spend and borrow, ignoring tomorrow. Somehow, that became the American way. We max out credit cards and take ...
President Obama gained credibility through sacking Gen. Stanley McChrystal for making untoward remarks. Why not sack Summers and Geithner for untoward policies that have inflicted such misery on the general public?
Giving the reins of this nation's economy to the likes of Geithner and Bernanke is tantamount to giving the nation's highway system over exclusively to Ferrari, Lamborghini and Bentley owners.