When You Really Look, Financial Quicksand Turns Into Oligarchical BS

By: Sunday March 30, 2014 8:00 am

Abby Huntsman’s first rant about entitlements soliciting generational warfare, got a lot of pushback from defenders. I reviewed the main points made in defense of entitlements, and then added “the most important point of all” as well. Abby made a second try, however.

The Most Important Point of All Was Ignored

By: Sunday March 23, 2014 12:56 pm

MSNBC’s right wing representative on The Cycle, Abby Huntsman, got a lot of pushback from Social Security defenders after her rant last week. But, there is one point, the most important one of all, which is not made in all these “progressive” push back arguments against Abby Hunstman’s right wing Petersonian “Fix the Debt” rant. That is the point that there is no entitlement crisis and no emergency, and neither an increase in payroll taxes, nor robbing from “future generations” is necessary to close the projected gap after 2033

FDL Movie Night: Money for Nothing: Inside the Federal Reserve

By: Monday September 23, 2013 4:59 pm

The Federal Reserve is a hundred years old this year. There’s not a whole lot to celebrate in its century long history–the intention might have been good, but the execution has kind of been disastrous. In tonight’s film, Money for Nothing: Inside the Federal Reserve, our guest filmmaker Jim Bruce takes us through the history of the Federal Reserve System and into the current mess.

FDL Book Salon Welcomes Nolan McCarty and Keith T. Poole, Political Bubbles: Financial Crises and the Failure of American Democracy

By: Sunday July 28, 2013 1:59 pm

On the big questions about our government’s performance in the lead up to the 2008 financial crisis and afterwards during the response, today’s guests believe our government blew it. Past administrations made errors of commission and omission that led to the crisis, and the Obama Administration failed to address its aftermath effectively. Government didn’t diagnose and treat the problems that led to the crisis, and it didn’t prescribe the right medicine after the convulsion. On these big questions, few at Firedoglake are likely to disagree with the good doctors of political science who are today’s guests. There’s blame enough to go around, the authors say, but “Wall Street should be nailed to the highest pole.”

Economists Ignored the Financial Sector

By: Sunday February 24, 2013 11:20 am

The old macroeconomists hang their heads in disgrace, retire and vanish from the mind of the public. Just kidding. They keep on forever.

Lakeside Diner

By: Tuesday July 31, 2012 4:45 am

A variety of links to articles/interviews/speeches on current issues that may be of interest.

Lakeside Diner

By: Wednesday July 18, 2012 4:45 am

A variety of articles/interviews/speeches on current issues that may be of interest.

The Washington Post’s Tortured Logic on the Fed’s Housing Proposals

By: Sunday January 15, 2012 5:00 pm

The lead Washington Post editorial noted (and excused) the Fed’s complete failure to understand the dangers posed by the housing bubble (the economy is soooo complicated) and then somehow used this failure as an argument against its housing proposals. The Fed’s main housing proposals were that Fannie and Freddie should make it easier for underwater homeowners to refinance and also that they should look to convert some of their foreclosed properties to rental units.

The Profits on the Secret $7.7 Trillion Loans to TBTF Banks

By: Sunday December 4, 2011 8:35 am

If the money had been flowing in the other direction, we might be calling it a bribe or at least wondering about money laundering. Imagine if a businessman or banker knew that a government official had an opportunity to loan money out at 5% and made a no interest loan to said government official of $1 million, would we not be VERY SUSPICIOUS of that $50K profit made by the government official?

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Upcoming FDL Book Salons

Saturday, April 19, 2014
2:00 pm Pacific
Poison Candy: The Murderous Madam: Inside Dalia Dippolito’s Plot to Kill
Chat with Mark Ebner about his new book. Hosted by Beth Karas.

Sunday, April 20, 2014
2:00 pm Pacific
The Gulf of Tonkin Events – Fifty Years Later: A Footnote to the History of the Vietnam War
Chat with John White about his new book. Hosted by Pulitzer Prize winner Deborah J. Nelson.


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