Bailout
A ‘triumph’ in financial reform
May 27th
By Joshua Green May 27, 2010 LAST WEEK, the Senate followed the House and passed a bill to regulate Wall Street, all but ensuring President Obama another major legislative victory. At moments like these, the Washington press corps drops its adversarial tone and adopts a witness-to-history earnestness. Pronouncements are made about the historic nature of [...]
Orwellian Obstruction: Republicans On Financial Reform
May 20th
Campaign for America’s Future By Robert Borosage April 28, 2010 – 12:22pm ET Senate Republicans have perfected the art of saying no. But in blocking a debate on financial reform, they have begun to imitate Goldman Sachs traders, selling positions that they are betting against. Blocking financial reform is, not surprisingly, financially rewarding, as Republican [...]
A Letter — And A Challenge — To An Anonymous Wall Street Whiner
May 20th
Campaign for America’s Future By Richard (RJ) Eskow May 3, 2010An anonymous email’s been making the rounds on Wall Street from some loser who thinks he’s a shark. It’s a nasty piece of work that reveals the mentality of the people that have been running our economy for some time, thanks to deregulation and political [...]
Goldman Sachs Boasted As The Meltdown Unfolded
Apr 28th
by The Associated Press AP – April 24, 2010 E-mails released Saturday morning show top executives at Goldman Sachs Group Inc. boasting about the money the firm was making as the national housing market collapsed in 2007. The e-mails suggest Goldman benefited from its bets that securities backed by subprime mortgages would lose value. The [...]
Goldman CEO faces withering attack over ethics
Apr 28th
Steve Eder and Dan Margolies WASHINGTON Related Video (Reuters) – The masters of the universe were forced down to earth on Tuesday. Goldman Sachs Chief Executive Lloyd Blankfein, the head of the most powerful investment bank in the world, faced a blistering cross-examination from U.S. lawmakers about the company’s ethics and behavior toward its clients. [...]
A fact: Stimulus created jobs
Feb 21st
GLOBE EDITORIAL
February 21, 2010
THE NUMBERS are in, and there can no longer be any doubt that President Obama’s stimulus bill, passed just over a year ago, helped pull America from the brink of economic catastrophe, in part by creating millions of jobs that would not otherwise have existed. All of the major economic research firms [...]
Off-message, Biden recasts the Obama agenda
Feb 4th
By E.J. Dionne Jr.
Thursday, February 4, 2010
Vice President Biden is tired of seeing the Obama administration’s economic stimulus plan demeaned, derided and dismissed, and he wanted to talk about it.
But a funny thing happened in the course of an interview at Biden’s White House office on Tuesday afternoon. The vice president’s passions poured forth not [...]
