Larry Summers

Barack Obama by JT

Big Banks Get Big Time Changes

Jun 17, 7:13 PM (ET) By JIM KUHNHENN and MARTIN CRUTSINGER ASSOCIATED PRESS WASHINGTON (AP) – From simple home loans to Wall Street’s most exotic schemes, the government would impose and enforce sweeping new “rules of the road” for the nation’s battered financial system under an overhaul proposed Wednesday by President Barack Obama. Aimed at […]

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AIG by JT

Greenwald: The Individuals Obama Chose to be His Top Economic Officials Embody Exactly the Corruption He Repeatedly Vowed to End

Larry Summers, Tim Geithner and Wall Street’s ownership of government Glenn Greenwald- SALON Apr. 04, 2009 | White House officials yesterday released their personal financial disclosure forms, and included in the millions of dollars which top Obama economics adviser Larry Summers made from Wall Street in 2008 is this detail: Lawrence H. Summers, one of […]

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Barack Obama by JT

George Soros Calls G20: “Make or Break”

BBC NEWS By Joe Lynam Billionaire investor Gorge Soros has said the G20 summit will be a “make or break” event for the world’s economy. In a BBC interview, Mr Soros said the international financial system had collapsed because it was flawed and it had to be restructured. Mr Soros say it may be the […]

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Politics by JT

Paul Krugman: “On the Edge”

February 6, 2009 Op-Ed Columnist THE NEW YORK TIMES On the Edge By PAUL KRUGMAN A not-so-funny thing happened on the way to economic recovery. Over the last two weeks, what should have been a deadly serious debate about how to save an economy in desperate straits turned, instead, into hackneyed political theater, with Republicans […]

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