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Interest rates: the phantom menace
Interest rates: the phantom menace
krugman.blogs.nytimes.com — What I think lies behind the surprising deficit squeamishness of the Obama administration, and why it's wrong-headed. (more) Interest rates: the phantom menace
Chris Dodd on Giethner, Bernanke and Summers (video)
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Chris Dodd on Giethner, Bernanke and Summers (video)
youtube.com — with unemployment approaching 20% (broader index), foreclosure rate still increasing, and credit markets still frozen, how long can we afford to stand behind... (more) Chris Dodd on Giethner, Bernanke and Summers (video)
Rep. Alan Grayson Passes Bill to Audit the Fed (video)
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Rep. Alan Grayson Passes Bill to Audit the Fed (video)
youtube.com — Rep. Alan Grayson argues in support of the Paul-Grayson amendment, which would subject the Federal Reserve to a complete audit. The amendment later passed th... (more) Rep. Alan Grayson Passes Bill to Audit the Fed (video)
Fed Beaten: Bill To Audit Federal Reserve Passes Key Hurdle
Fed Beaten: Bill To Audit Federal Reserve Passes Key Hurdle
huffingtonpost.com — In an unprecedented defeat for the Federal Reserve, an amendment to audit the multi-trillion dollar institution was approved by the House Finance Committee with an overwhelming and bipartisan 43-26 vote on Thursday afternoon despite harried ... (more) Fed Beaten: Bill To Audit Federal Reserve Passes Key Hurdle
Panel votes to audit Fed's balance sheet
marketwatch.com — Alert Email Print By Ronald D. Orol , MarketWatch WASHINGTON (MarketWatch) -- Rep. Ron Paul, who has sought to audit the Federal Reserve for 26 years, has inched ever so much closer to his goal. A key congressional panel on Thursday approved ... (more) Panel votes to audit Fed's balance sheet
Ron Paul, Alan Grayson Audit The Fed Bill Approved In House Finance Committee
Ron Paul, Alan Grayson Audit The Fed Bill Approved In House Finance Committee
globaleconomicanalysis.blogspot.com — Chalk up a rare victory for the little guy (and the nation itself). The Bill To Audit Federal Reserve Passes Key Hurdle In an unprecedented defeat for the Federal Reserve, an amendment to audit the multi-trillion dollar institution was approved by ... (more) Ron Paul, Alan Grayson Audit The Fed Bill Approved In ...
Tempers Flare In Clash Over Fed Secrecy As Grayson Reminds Watt: "The Road To Hell Is Paved With Good Intentions"
Tempers Flare In Clash Over Fed Secrecy As Grayson Reminds Watt: "The Road To Hell Is Paved With ...
dailybail.com — Email Video To A Friend HR 1207 Audit The Fed Video: Alan Grayson Clashes With Fed Apologist Melvin Watt -- House Financial Services Hearing -- Aired November 19, 2009 Watch Grayson slams the Fed and the Watt amendment, and then Watt himself takes the mic and angrily chews out ... (more) Tempers Flare In Clash Over Fed Secrecy As Grayson ...
Ron Paul, Alan Grayson Audit The Fed Bill Approved In House Finance Committee
hf-implode.com — " In an unprecedented defeat for the Federal Reserve, an amendment to audit the multi-trillion dollar institution was approved by the House Finance Committee with an overwhelming and bipartisan 43-26 vote on Thursday afternoon despite harried last-minute lobbying from top Fed officials and the ... (more) Ron Paul, Alan Grayson Audit The Fed Bill Approved In ...
Economists Opposing Fed Audit Have Undisclosed Fed Ties
Economists Opposing Fed Audit Have Undisclosed Fed Ties
huffingtonpost.com — As the debate over an audit of the Federal Reserve intensifies in the House, one camp is trotting out eight academics that it calls a "political cross section of prominent economists." A review of their backgrounds shows they are anything but. In a ... (more) Economists Opposing Fed Audit Have Undisclosed Fed Ties
Invisible bond vigilantes
Invisible bond vigilantes
krugman.blogs.nytimes.com — It would be a very, very bad thing if the administration is intimidated into passivity -- or, worse, into neo-Hooverism -- by the threat from invisible, probably imaginary enforcers. (more) Invisible bond vigilantes
The Big Squander
The Big Squander
nytimes.com — Earlier this week, the inspector general for the Troubled Asset Relief Program, a k a, the bank bailout fund, released his report on the 2008 rescue of the American International Group, the insurer. The gist of the report is that government officials ... (more) The Big Squander
House Attacks Fed, Treasury
House Attacks Fed, Treasury
online.wsj.com — Getty Images Treasury chief Geithner faced a House Republican who told him, 'The public has lost all confidence in your ability to do the job.' He shot back: 'What I can't take responsibility is for the legacy of crises you've bequeathed this country.' (more) House Attacks Fed, Treasury
The $100 Million Health Care Vote?
The $100 Million Health Care Vote?
blogs.abcnews.com — The health care bill includes a $100 million section for increasing medicaid subsidies to the state of Louisiana. (more) The $100 Million Health Care Vote?
Dominating the Narrative
econlog.econlib.org — (November 20, 2009 08:57 AM, by Arnold Kling) Will Wilkinson writes, Ygesias says, "I believe that absent the [TARP] bailout, we'd be looking at even higher unemployment today." I think this is a plausible claim. But I don't know of a satisfactory way ... (more) Dominating the Narrative
Written Testimony Submitted To The Congressional Oversight Panel
baselinescenario.com — Testimony submitted to the Congressional Oversight Panel, hearing on “The overall impact of the Troubled Asset Relief Program (TARP) on the health of the financial system and the general U.S. economy,” Thursday, November 19, 2009. ( pdf version ) Submitted by Simon Johnson, Ronald Kurtz ... (more) Written Testimony Submitted To The Congressional ...
What Did TARP Do?
baselinescenario.com — This morning, starting at 9:30am, the Congressional Oversight Panel holds a hearing to assess the performance of the Troubled Asset Relief Program (TARP). The hearing will be streamed live and also archived , featuring testimony from: Dean Baker (Center for Economic and Policy Research), ... (more) What Did TARP Do?
White House Rebuke: Angry Dems Shut Down Vote
White House Rebuke: Angry Dems Shut Down Vote
huffingtonpost.com — A bloc of African American House Democrats, angry and worried that not enough is being done about high unemployment by the administration, forced the postponement of a much-anticipated vote Thursday on comprehensive financial regulation reform. The ... (more) White House Rebuke: Angry Dems Shut Down Vote
Why Employment Might Not Fully Recover Until 2013
Why Employment Might Not Fully Recover Until 2013
moneywatch.bnet.com — The most recent employment report shows the unemployment rate at 10.2 percent, and the broader unemployment rate that accounts for part-time work and discouraged workers at 17.5 percent. With numbers like these, can we expect good news on the ... (more) Why Employment Might Not Fully Recover Until 2013
Progressives Cheer Senate Health Bill As Right Attacks Bill On Abortion Grounds
onthehillblog.blogspot.com — Progressives and ardent supporters of a healthcare public option are cheering the Senate version of health reform legislation to emerge Thursday. Social conservatives, meanwhile, are attacking the bill for lack of an anti-abortion amendment that had been included in the House version. (more) Progressives Cheer Senate Health Bill As Right Attacks ...
Pelosi: Passing a Wall Street Transport Tax Would Require Overseas Buy-in
dc.streetsblog.org — Any proposal to fund new U.S. infrastructure investment by taxing financial transactions -- such as Rep. Pete DeFazio's (D-OR) bill taxing Wall Street oil speculators -- would require international participation to prevent the trades in question from ... (more) Pelosi: Passing a Wall Street Transport Tax Would ...
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