EconomyAnalysis
Is America Undergoing a Quiet Coup, Courtesy of Wall Street?
Editor’s note: This is a lightly edited transcript of the accompanying video from professor Peter St. Onge. In the wake of the 2008 financial crisis,… Read More
Should Pay Be Political?
Bloomberg news has an article on Wall Street pay revealing that the CEOs of many large banks have taken big pay cuts in the past… Read More
Morning Bell: Fannie and Freddie Failure Forever
Yesterday, Sen. Chris Dodd (D-CT) told reporters about his financial regulation bill, “We’ve ended the ‘too big to fail’ debate. So no longer do I… Read More
Guest Blogger: Rep. Ed Royce (R-CA) on Financial Regulatory Reform
As the Senate moves closer to another cloture vote on Senator Dodd’s legislation, we are again reminded of the several flaws found in the Dodd-Frank… Read More
VIDEO: A Wall Street Bailout Bill
This week, efforts are underway to begin considering a bill sponsored by Senator Chris Dodd (D-CT) which he and the President have claimed would bring… Read More
Morning Bell: The Fatal Flaws of the Wall Street Bailout Bill
Speaking to an audience of big business and big labor executives (including Goldman Sachs’ Lloyd Blankfein, Bank of America’s Bruce Thompson and SEIU’s Andy Stern)… Read More
In The Green Room: Senator Jim DeMint (R-SC) on Financial Reform
Yesterday, Senator Jim DeMint (R-SC) sat down with us for a quick interview before sitting on a panel with Congressman Tom Price (R-GA) and our… Read More
Morning Bell: The Wall Street Bailout Bill Threat to Your Bottom Line
This past Friday, President Barack Obama again threatened to veto any financial reform bill that fails to tightly regulate financial derivative products which many blame… Read More
In Their Own Words: Geithner Makes the Case for Permanent Bailouts
Conservatives say the Dodd Finance Bill means Wall Street Bailouts Forever. Progressives say the Dodd bill “makes bailouts impossible.” Who’s right? Well lets ask Treasury… Read More
Morning Bell: Wall Street Bailouts Forever
There is no person more central to Washington’s bailouts of Wall Street than Treasury Secretary Timothy Geithner. As President of the Federal Reserve Bank of… Read More
How To Create Bailouts Forever
Treasury Secretary Timothy Geithner stumps for Sen. Chris Dodd’s (D-CT) finance reform bill in today’s Washington Post: As the Senate bill moves to the floor,… Read More
There Is Nothing Fair About Obama’s Wall Street Bailout Tax
Treasury Secretary Timothy Geithner appeared in an interview on The Today Show this morning and decried the “unfairness” of an economy where businesses on Wall… Read More
Double Secret Probation
The Obama Administration promised unprecedented transparency in its financial recovery efforts, including a gee-whiz $18 million web site, Recovery.gov. The problem is that the Administration… Read More
Chrysler: Pay Back the Money!
The Obama Administration appears about to walk away from $7.5 billion in taxpayer money used to prop up Chrysler. This little information nugget was buried… Read More
The Havoc Our Government Wreaks
Commenting on the White House’s Chicago-style negotiations with Chrysler’s creditors, The Atlantic‘s Megan McArdle writes: [W]hen did it become the government’s job to intervene in… Read More
Meddling with Unacceptable Speculators
“I want to disabuse people of this notion that somehow we enjoy, you know, meddling in the private sector.” – President Barack Obama, April 29,… Read More
If You Don’t Like Meddling, Then Stop Meddling
At the end of last night’s press conference President Barack Obama insisted: But I want to disabuse people of this notion that somehow we enjoy,… Read More
Morning Bell: Free Enterprise’s 100-Day Death March
Previewing the Obama administration’s upcoming “sweeping” environmental regulatory agenda, EPA Administrator Lisa Jackson told NPR‘s Michelle Norris yesterday: “The President has said, and I couldn’t… Read More
Treasury Exposes Markets to Added Stress Flu
Markets are weighed down by worries over the new swine flu and the ongoing stress flu; the former from Mexico, the latter from the Treasury… Read More
Fool Me Once
It seems that we keep being told that the policy is temporary, and is far short of nationalization, only for Congress to turn around after… Read More
Illegal Bailouts Threaten Economic Recovery
Rule of law? Who needs it! That seemed to be the message of the Obama Administration as it seeks to maneuver around restrictions imposed by… Read More
Don’t Do Business with Sharks
Bloomberg reports today: The Federal Reserve’s $1 trillion effort to restart the market for securities backed by loans is encountering resistance from investors, undermining Chairman… Read More
Back to the Basics
In the New York Times today, David Brooks has a column in which he describes two theories about the financial crisis: “greed” and “stupidity.” The… Read More
Everything Must Go!!!
Jon Stewart wasn’t the only one to make fun of the Obama Administration for turning the White House into a car dealership. Jay Leno was… Read More
Auto Loans for Everybody!
George Mason University economics professor Russell Roberts has a line by line rebuttal of President Barack Obama’s auto sales pitch from yesterday. Read the whole… Read More
Obamathon ’09 … Where Every Day is President’s Day
Jon Stewart was awesome last night: The Daily Show With Jon Stewart M – Th 11p / 10c Carmageddon ’09 – Lemon Aid comedycentral.com Daily… Read More
Geithner’s Flawed, but not Larcenous, Bailout Plan
Commenting on Treasury Secretary Timothy Geithner’s latest bank bailout plan, Nobel Prize-winning economist Joseph Stiglitz told Reuters: Quite frankly, this amounts to robbery of the… Read More
The Unregulated Bailing Out the Regulated
Great observation by Michael Barone on Treasury Secretary Timothy Geithner’s latest bank bailout plan: Democrats like Barack Obama and Barney Frank, at least on the… Read More
Morning Bell: Government, Inc.
“If you don’t return it on your own, we will do it for you.” So warned Sen. Chuck Schumer (D-NY) referring to the $165 million… Read More
AIG, Bonuses and Bankruptcy
Bonuses for AIG employees? News this weekend that troubled insurer AIG, after receiving over $170 billion in taxpayer funds to prop itself up, is planning… Read More
