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The Phantom Menace

Mon, 23 Nov 2009 00:00:00 -0800

New York Times - By Paul Krugman - Nov. 23 (Opinion) - The scare stories from Wall Street seem to be intimidating Washington from doing more to rescue the economy.

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The Phantom Menace

Mon, 23 Nov 2009 00:00:00 -0800

New York Times - By Paul Krugman - Nov. 23 (Opinion) - The scare stories from Wall Street seem to be intimidating Washington from doing more to rescue the economy.

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An American Catastrophe

Fri, 20 Nov 2009 00:00:00 -0800

New York Times - By Bob Herbert - Nov. 20 (Opinion) - Detroit and its environs are suffering the agonies of the economic damned because of policies, crafted at the highest national and corporate levels, that resulted in the implosion of crucially important components of America’s manufacturing base. Those decisions have had a profound effect on the fortunes not just of Detroit, or even Michigan, but the entire U.S. economy.

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Geithner Says Insurance Policies, Not AIG Derivatives Contracts, Were Systemic Risk

Fri, 20 Nov 2009 00:00:00 -0800

Wall Street Journal - Nov. 20 (Opinion) - Geithner says credit-default swaps weren't the problem, after all.

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Want to Save Our Economy from Almighty Greed? Here Are 10 Crucial Fights and Key Fighters to Watch

Fri, 06 Nov 2009 00:00:00 -0800

AlterNet - By Zach Carter - Nov. 06 (Opinion) - There are no less than four federal regulators responsible for overseeing consumer protection in finance, and all of them are terrible.

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Too Big to Fail - Too Big to Exist -

Fri, 06 Nov 2009 00:00:00 -0800

senate.gov - By Senator Bernie Sanders - Nov. 06 (Statement) - Senator Bernie Sanders introduced legislation that would break up financial institutions that are too big to fail. "If an institution is too big to fail, it is too big to exist," Sanders said. "We should break them up so they are no longer in a position to bring down the entire economy. We should end the concentration of ownership that has resulted in just four huge financial institutions holding half the mortgages in America, controlling two-thirds of the credit cards, and amassing 40 percent of all deposits."

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Our Free Market Makes Economic Collapse Inevitable

Mon, 02 Nov 2009 00:00:00 -0800

Bill Moyers Journal - By Bill Moyers, James Galbraith - Nov. 02 (Interview) - The headlines are trumpeting recovery — some are even proclaiming an end to the recession in the United States (unofficially, that is). The US economy grew in the third quarter for the first time in a year. But there are some caveats — although jobless claims dipped slightly, many analysts still warn of a "jobless recovery." for a number of years to come. And then there's the small print — will this recovery be permanent or is it a function of the stimulus masking bigger problems? The Wall Street Journal warned: "The recovery thus far has been heavily supported by federal money, casting a question mark over the economy's underlying strength as government support dwindles." That unease is echoed by JOURNAL guest James K. Galbraith

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Interview with James Galbraith

Fri, 30 Oct 2009 00:00:00 -0700

TruthOut - By BillMoyers - Oct. 30 (Interview) - We need to find another path for economic expansion. We need to set a strategic direction. Our problem now, our big social and environmental problem, is energy. It's climate change. It's the greenhouse gas emission issue. If we built a set of institutions that could deal with that problem effectively, you could employ a large part of the labor force for a generation, dealing with that. And you'd then make that profitable for private enterprise to get into in a serious way.

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Learning to Love Insider Trading

Sun, 25 Oct 2009 00:00:00 -0700

Wall Street Journal - Oct. 25 (Opinion) - Here's a hot tip: Want to keep companies honest, make the markets work more efficiently and encourage investors to diversify? Let insiders buy and sell, argues Donald J. Boudreaux.

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