It cannot be pointed out often enough that there wasn't one. The (too-small) federal stimulus was cancelled out by 50 little Hoovers.
the Bush depression
Of course, it's not someone responsible for making loans. The story is just infuriating. First of all, we have a classic Ken Starr-style prosecution where an IRS agent decided his.
Well then:Americans' love affair with top-shelf booze cooled last year as the recession took a toll on high-priced tipples.People drank more liquor but turned to cheaper brands, according to a.
What happened to my old bank provides a pretty instructive example of the practices that contributed to the Bush Depression.
This is a very important step, and hopefully something like these proposals will go forward. As with the collusive accounting practices that were a major part of the Enron scandal,.
Todd Zywicki:The close relationship between the rule of law and the enforceability of contracts, especially credit contracts, was well understood by the Framers of the U.S. Constitution. A primary reason.
Yves Smith suggests, in light of this NYT front-pager, that the administration may be distancing itself from Geithner. Unfortunately they may be drawing the wrong implications:Thus what is surprising about tonight's New York Times story, "Member and Overseer of the Finance Club," on Timothy Geithner...
Apparently, any flamboyant, extremely whiny public resignations notwithstanding, Jake DeSantis is still using the immense expertise he gained by knowing absolutely nothing about the relevant deals to collect paychecks from.
I recommend all of Taibbi's response to poor widdle rich boy Jake DeSantis (and implicit, richly deserved attack on everybody who swallowed his story uncritically). But this point is particularly.
Krugman questions the wisdom of the smartest person in known human history, St. Larry Summers:On Monday, Lawrence Summers, the head of the National Economic Council, responded to criticisms of the Obama administration’s plan to subsidize private purchases of toxic assets. “I don’t know of any...
I will say that where I am in agreement with the optimists is on DeLong's point 2 here -- the politics. I don't think a quickly exhaustible store of "political.
From DeLong. Krugman, conversely, remains skeptical. Critics were right to note below that the epistemic uncertainty here demands more modesty than I showed; this crisis has so few even close.