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.
While the Treasury Department found hundreds of billions of dollars to rescue giant Wall Street institutions, it refused to come up with the $75 million for which Chicago's ShoreBank qualified under the TARP program.
Our current unemployment trough directly violates the social compact that glues together modern industrial societies -- the tacit commitment that business and government will produce a full-employment economy.
Almost every day, Geithner attempts to delude American workers into believing that business investment and consumer demand are on the uptick. His assertions aren't just disingenuous and disrespectful -- they're also dangerous.
Larry Summers and Tim Geithner may believe the recession is over, but you cannot fool people who see the lives they've spent years building slipping through their fingers
Like Jon Stewart, I had an "I give up" moment last week watching the extraordinary spectacle of House Republicans denying health benefits to 9/11 responders.
The more traditional wing of the Republican Party has for generations conducted a program that they casually and regularly accuse liberals of conducting: Class warfare. In fact it is they who conduct class warfare.
Clinton nostalgia is dangerous nonsense, and for Democrats to go down that road is to avoid serious assessment of their own party's role in the economic debacle that haunts the nation.
According to a recent article in HuffPo by Shahien Nasiripour, "Treasury claims that Fannie Mae, which administers its Home Affordable Modification Pr...
Picking Elizabeth Warren to lead the new Consumer Financial Protection Bureau is a no-brainer. So why isn't the White House rushing to nominate her? In a word: fear.
A banking stress test based on public relations requirements rather than realistic financial and economic modeling may boost the stock price of major banks, justifying massive bonus payments to banking executives.