From NYT: Bernie Sanders: To Rein In Wall Street, Fix the Fed WALL STREET is still out of control. Seven years ago, the Federal Reserve and the Treasury Department bailed out the largest financial institutions in this country because they were considered too big to fail. But almost every one is bigger today than it… Continue reading The Bailouts Benefited Everyone, Not Just Bankers
Tag: bailouts
Obama Should Give His Nobel Prize to Bernanke
If Obama can get a Nobel Prize for doing nothing (and then later being a lousy president), maybe Bernanke deserves one for merely saving the economy in 2008? Full employment without inflation is in sight. The central bank did its job. What about everyone else? Agree, the central bank did a good job by stemming… Continue reading Obama Should Give His Nobel Prize to Bernanke
Part 1. Misconceptions About the 2008 Financial Crisis
The subject of the The 2008 banks bailouts (TARP), which understandably angered both Republicans and Democrats, a pertinent case study in pragmatism, in which other otherwise inviolable free market was temporary suspended for the ‘greater good’ of the economy, but ultimately, in spite of great criticism, the bailouts proved to be a success, or at… Continue reading Part 1. Misconceptions About the 2008 Financial Crisis