Last week, UBS announced a 2nd Quarter loss "due to restructuring charges." The banking giant is raising $3.45 billion in a stock sale.
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Republicans' private embraces are often in complete contradistinction with their own oft-trumpeted, Biblically-mandated "moral" guidelines for the rest of us.
Instead of putting those responsible for the financial crisis in jail, why did we give them huge sums of our hard-earned tax dollars. Bernard Madoff is nothing more than the scab on the wound.
Governor Rick Perry of Texas brought up the specter of Secession recently and upon polling, a fair amount of Texans and other Americans seem to think Texas seceding from the US would be a good idea.
Instead of pinpointing culpability among the key players, Time deflects blame away from Republicans and falsely implicates Democrats, to create a muddleheaded "plenty-of-blame-to-go-around" narrative.
The "nation of whiners" comment during the campaign was a sideshow compared with the serious charges now swirling around UBS, charges that may finally prove to be Phil Gramm's undoing.
If ever there was a case where Congress should have given more time and listened closer, this was it. Now, we're all paying for it.
I know my Ayn Rand. In fact, when it comes to Rand and her philosophy of Objectivism I'll put put my Ayn Cred up against almost anyone.
I attended he...
Aside from Phil Gramm, there are few other economic types that have shown to be so disconnected from the recent economic realities than Kudlow.
Gramm's deregulationist spirit is all over this crisis.
Don't let them tell you this economic meltdown is a complicated mess. It's not. Our national financial crisis is readily understood by anyone who has seen greed and hypocrisy.
The Republicans voted against their country today. Their fellow citizens needed them to act on their behalf and instead they chose to abandon them. Theirs is an ersatz patriotism.
Detroit is a place where workers are unionized; Wall Street is not. And right-wing Republicans and conservative pundits have made it clear they want the union workers to suffer.
Lawrence Summers should be hailed as the go-to guy for Obama to turn to for help in sorting out some of the economic mess. But his role in helping create some of that economic mess raises a red flag.
This is not change we can believe in -- not if Robert Rubin or his protégé, Lawrence Summers, get to call the shots on the economy in Obama's incoming administration.
"Some people look at subprime lending and see evil. I look at subprime lending and I see the American dream in action," he said. "My mother lived it a...
conomics Nobel Laureate Joseph Stiglitz spoke Friday at a fundraiser for Economists for Peace and Security (EPS), which was created to study the "full costs of war and conflict."
This nation doesn't need a weaker CRA, but a re-conceived and far stronger tool in the effort to ensure ready access to quality, non-discriminatory, financial services in all communities.
Call me naive, but I think white males, startled by job cuts and the devastation wreaked upon their retirement savings, are finally getting the point.
These economic notes are consistent with the conviction that Barack should steer clear of advisers who were taken in by, or complicit in, the rape of regulation of the last decade.
Convince them, as the children of several former Republican Governors convinced their parents to come out for Obama, as GenJoneser Caroline Kennedy's GenY kids moved her from Hillary to Barack.
The battle for Barack Obama's economic soul is on in earnest, and it has nothing to do with the "European socialism" that John McCain attempted to use as an epithet against him.
The truth is that we, the Socialist International Conspiracy, not only saw the crash of the stock market coming, we are the ones who made it happen.
The "small government" Bush and Republican Congress increased spending, thus replacing the budget surplus bequeathed them with deficits.
The hero of the hour is FDR, as the essential wisdom of his New Deal is now embraced by most Republicans as well as Democrats.
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