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Phil Gramm

"Banksters" On Parade

Jackson Williams | Posted 05.25.2011 | Business
Jackson Williams

There once were usury laws in this country to limit such shamelessness. I wonder where they went?

Why Does UBS Still Employ Phil Gramm?

The Big Picture | Barry Rithholtz | Posted 05.25.2011 | Business

Last week, UBS announced a 2nd Quarter loss "due to restructuring charges." The banking giant is raising $3.45 billion in a stock sale. Partly owned ...

The Republican Summer Olympics of 2009

Gary Cohan | Posted 05.25.2011 | Politics
Gary Cohan

Republicans' private embraces are often in complete contradistinction with their own oft-trumpeted, Biblically-mandated "moral" guidelines for the rest of us.

Bernie Madoff, Scapegoat

Michael Moore | Posted 05.25.2011 | Business
Michael Moore

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.

Letting Texas Secede

Robbie Gennet | Posted 05.25.2011 | Politics
Robbie Gennet

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.

Time Rewrote History With "25 People to Blame for the Financial Crisis"

David Fiderer | Posted 05.25.2011 | Business
David Fiderer

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.

Endgame for Gramm?

Robert Scheer | Posted 05.25.2011 | Business
Robert Scheer

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.

How Congress Rushed a Bill that Helped Bring the Economy to Its Knees

Paul Blumenthal | Posted 05.25.2011 | Politics
Paul Blumenthal

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.

An Insider's Look At How Ayn Rand Destroyed The World

Lee Stranahan | Posted 05.25.2011 | Politics
Lee Stranahan

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...

Larry Kudlow Mulls U.S. Senate Run Despite Disastrous Record Of Economic Predictions

Mark Nickolas | Posted 05.25.2011 | Politics
Mark Nickolas

Aside from Phil Gramm, there are few other economic types that have shown to be so disconnected from the recent economic realities than Kudlow.

Phil Gramm Takes No Blame

Jeff Madrick | Posted 05.25.2011 | Politics
Jeff Madrick

Gramm's deregulationist spirit is all over this crisis.

A Nation of Village Idiots

James Moore | Posted 05.25.2011 | Business
James Moore

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.

Retro-Hooverites All

Joseph A. Palermo | Posted 05.25.2011 | Politics
Joseph A. Palermo

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.

Congress Bails out Those Who Shower Before Work, but not Those who Shower After Work

Leo W. Gerard | Posted 05.25.2011 | Business
Leo W. Gerard

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.

Red Flags Fly High on Obama's Economic Team

Earl Ofari Hutchinson | Posted 05.25.2011 | Politics
Earl Ofari Hutchinson

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.

Change We Can Bank On

Robert Scheer | Posted 05.25.2011 | Politics
Robert Scheer

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.

Where Did Subprime Mortgages Come From?

New York Times | ERIC LIPTON and STEPHEN LABATON | Posted 05.25.2011 | Business

"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...

Stiglitz on War Cost, Economic Outlook

John Tepper Marlin | Posted 05.25.2011 | Business
John Tepper Marlin

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."

New President, New CRA

Mark Winston Griffith | Posted 05.25.2011 | Business
Mark Winston Griffith

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.

Just How Dumb Are White Males?

Robert Scheer | Posted 05.25.2011 | Politics
Robert Scheer

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.

Gretchen Morgenson Takes a Scab Off Wall Street

Stephen C. Rose | Posted 05.25.2011 | Business
Stephen C. Rose

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.

Attention GenY'ers! Talk To Your Parents! Don't Let GenJonesers Vote Against Themselves!

David Paulsen | Posted 05.25.2011 | Politics
David Paulsen

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 Obama's Economic Soul

Robert Scheer | Posted 05.25.2011 | Politics
Robert Scheer

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.

Report from the Socialist International Conspiracy

Barbara Ehrenreich | Posted 05.25.2011 | Politics
Barbara Ehrenreich

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.

Paint McCain a Red-Baiter

Leo W. Gerard | Posted 05.25.2011 | Politics
Leo W. Gerard

The "small government" Bush and Republican Congress increased spending, thus replacing the budget surplus bequeathed them with deficits.