Declaring the Grand Bargain Dead Is Premature

By: Sunday September 1, 2013 9:00 am

Stories in The Washington Post and the New York Times have some in the blogosphere proclaiming that it’s time to celebrate the death of the Grand Bargain, and others at least raising a question about its death. I’ll go on record as saying that celebrating its death is definitely premature.


Jack Lew: Avoiding Default Is Your Responsibility Too

By: Thursday August 29, 2013 7:00 pm

As we approach the time when the debt limit, and the lack of agreement between the two parties in Congress, will force the Government to miss payments, Congress does have an obligation to raise the debt limit or remove it entirely. But, Treasury Secretary Lew and the President need to acknowledge that there are things they can do too to avoid a default on the public debt, apart from either reminding Congresspeople of their responsibility, or giving into Republican demands.

FDL Book Salon Welcomes Sheila Bair, Bull by the Horns: Fighting to Save Main Street From Wall Street and Wall Street From Itself

By: Sunday November 18, 2012 1:59 pm

Bull by the Horns is the story of financial calamity seen from the perspective of this public servant, rendered from detailed notes. We learn with whom she met, what was said, what decisions taken, and how things turned out. She begins with the battles over deregulation of the banks (Basel II), with the gathering sub-prime storm, and proceeds through the disaster: WaMu, Wachovia, Citigroup, Bank of America, AIG, Citigroup again. And then the battles of the aftermath, over among other things Dodd-Frank, Basel III and the robosigning frauds. This is a book for aficionados of infuriating detail.

Should Buyers of Financial Products Be Informed When Banks Bet Against Them? Sec. Geithner Can’t Say “Yes”

By: Tuesday May 4, 2010 2:10 pm

Shorter Tim Geithner: Buyer Beware. . . like, seriously beware–because the banks can do pretty much whatever they want, and they don’t have to tell the consumers anything if they don’t want to.

Why Not Byron Dorgan for Treasury Secretary?

By: Thursday January 7, 2010 4:50 pm

Much discussion today about Chris Dodd as a potential candidate to replace Tim Geithner atop the Treasury Department, which I think overlooks a much better idea: get Byron Dorgan to oversee America’s economy and, specifically, Wall Street.

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