If Republicans Say No to Bailouts, Then They Can’t Say No to Breaking Up the Banks

By: Friday April 23, 2010 2:55 pm

Senate Republicans say they’re against both the bailouts and the Democrats’ proposed legislation to end them. They say that Sen. Dodd’s bill would “actually guarantees future bailouts.” It’s time for the Republicans to put up or shut up. Will they make Dodd’s bill better by breaking up the too big to fail banks and putting new rules in place that never let them get so big and systemically risky, or will they shill for Wall Street?


Justification for the Tobin Tax in The Wall Street Journal

By: Sunday December 6, 2009 10:30 am

A mid-Twentieth Century economist who pioneered the study of market failures suggested taxing activities that have a larger individual benefit than the benefits to society. The Tobin Tax is an good example. Treasury Secretary Geithner is opposed. Naturally.

Private Equity Firms, Our New Corporate Masters?

By: Thursday July 9, 2009 1:30 pm

Workers returned Tuesday to the job at Stella D’Oro Biscuit Co. in the Bronx after a judge ordered the company reinstate the 136 employees who had remained strong throughout a brutal 11-month strike. But before they could even walk through the doors, they were greeted with the anti-union response by the company’s private equity firm owners, the 21st century’s mutation of the robber barons: Brynwood Partners announced it would shut down operations in October.

Wal-Mart: Recession Profiteer

By: Thursday February 12, 2009 1:42 pm

Bank and insurance CEOs aren’t the only ones getting rewarded for horrendous behavior in this recession. There’s Wal-Mart, whom Newsweek has now anointed as “Our Corporate Savior.” (Hat tip to dakine01.)

“Wal-Mart recently announced that its same store sales in January were up 2.1 percent, which was more than forecast. With the company’s huge network of stores and ability to strong-arm suppliers, Wal-Mart offers shoppers good merchandise at prices which becomes more and more attractive as the downturn continues.”

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