Bailouts and Bazookas
Even those who espouse free market capitalism will try to abrogate the system for personal gain. And now Republicans want to extend the powers of the Fed and Treasury to bail out failing companies.
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Deregulation Defrauds Americans
For decades, conservatives have vilified the word regulation. This has brought us corporate slavery approved by the U.S. government and panic lines of depositors outside banks.
Why the Fed Will Not Raise Interest Rates
The Fed normally does not raise interest rates preceding a national election. This time they are a beleaguered body and threatened by politics unlike in any recent period of history.
Bernanke Threw the Dollar Under the Bus
I understand the pressures with the collapse of FNM and FRE, but those stocks have to sink or swim on their own. Stabilizing the multi-trillion debt market behind those companies can be done without bailing out the stockholders.
The Political Economy of Last Week
Yes, once again, Mr. and Ms. Taxpayer, you may be about to hold the bag for a failing financial institution, infusing these firms with the money they need to keep buying and selling mortgage debt.
A Young Entrepreneur on Bank Failures and Small Business
In the wake of the failure of Bear Stearns, with layoffs at all the major financial institutions and the threat of more bank failures, it's entrepreneurs and small business owners who are investing in the American dream.
My Conversation with Paul Volcker, Former Fed Chairman
Paul Volcker discusses the collapse of Bear Stearns and the role the central bank has played in the American financial crisis.
Time to End "Bernanke Panky?"
Is Bernanke ready for a new round of 1932-style talk about abolishing the Fed or impeaching its leaders? Because at least three aspects of his Fed chairmanship have generated major controversy.
Time to End "Bernanke Panky?"
Is Bernanke ready for a new round of 1932-style talk about abolishing the Fed or impeaching its leaders? Because At least three aspects of his Fed chairmanship have generated major controversy.
Why Wall Street Socialism Will Fail
The inevitable chimera of economic collectivization is coming undone. Will ordinary Americans pay much of the price? Almost certainly. Should they blame what happens on marketplace forces? No.
Piling on Angelo Mozilo???
I worry when we as a society turn over-zealous in looking to personalize and find villains for problems (the housing bust and credit crunch) for which we all have responsibility.
Dollar Rebound in 2008: A Fairy Tale?
Are traditional assumptions about the connection between growth and proactive interest rate cuts still valid if monetary policy fails?
Robert Rubin: A VP Choice that Signals "We Will Fix the Economy" for the Middle Class
In an election focused on the economy, and, more precisely, an ailing economy that needs major surgery, selecting Bob Rubin powerfully sends that message.
Fannie and Freddie Symptoms of Larger Problem
Chief economist at the AFL-CIO Ron Blackwell believes that while bailing out Fannie and Freddie is important, politicians shouldn't lose sight of the broader economic crisis.
U.S. Economy: The Worst is Yet to Come
This serious economic situation greatly raises the stakes of the 2008 election. What will the government do to help the victims of economic mismanagement, to provide health insurance, and to restart the economy?
An Overview Of the Current US Economy
Yesterday, the Federal Reserve released the Beige Book which provides an excellent overview of current economic conditions. So, let's dig in.
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Deregulation's Out Of Style:
Saying Goodbye To The Revolution
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Without tough and honest people in Regulation, the right-wing Republicans would have teen girls chained to sewing machines.
Did the rethugs ever think of why regulations had been put into place? It was because the thugs and crooks had been caught stealing from the people. Deregulation has reversed all that so the thugs and crooks are stealing from the people again. Never, ever vote for a rethuglican.
The Reagan legacy produced a predictable nightmare. The combination of deregulation of essential industries and flushing manufacturing down the commode in favor of the financial sector have left our economy with nothing to rebuild with. It's going to require more than reregulation to dig us out of this mess.
"Reaganomics" aren't out of style....they simply don't and won't ever work and are unconstitutional ... republican constituents must really hate that US Constitution, they certainly are not 'conservative' with regard to that document when they rip it up any chance they get. Democratic politicians are only a couple of notches better than republicans but those notches of difference are the difference between zero and infinity.
The ultimate lesson of this latest crisis is that it is indeed possible for a completely unregulated free market to enter into a greed spiral until it crashes, and those hurt in the resulting crash are not those who were the most greedy.
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