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Sort by The Huffington Post (Free subscription) - 02/11/2009
The financial plan announced today by Treasury Secretary Timothy Geithner appears to have accomplished, through a backdoor path, one of the top priorities of Wall Street bankers: ending so-called 'mark-to-market' accounting rules that many economists consider essential. The debate over mark-to-market bubbled over into the White House over the last several weeks, said a source familiar with those discussions,...
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Sort by Talking Points Memo (Free subscription) - 02/10/2009
We interviewed Nobel Prize-winning economist Joe Stiglitz on Friday about the bank bailout. And I focused on two key questions. What's wrong with the idea of buying the 'toxic assets' from the banks? And just what happens if we let...
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Sort by Pushing Rope (Free subscription) - 02/11/2009
John Marshall interviews Nobel prize-winning economist John Stiglitz explains Barack Obama's bailout plan. Stiglitz wants greater oversight and punishment to the bankers for not playing by the rules. Stiglitz calls the government owners of bailout banks with "no control." It is a foolish policy to give billions to banks and then not have a say on how that money is spent. A perfect example is lending...
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Sort by politickybitch (Free subscription) - 02/12/2009
It can't hurt to listen to what a Nobel Prize winning economist has to say, can it? He's the one who tried to tell us about the three trillion dollar war. Susan Collins Stripped Whistleblower Protection from Stimulus Bill So GOP Can Blame Dems Later By Susie Madrak Thursday Feb 12, 2009 3:00pm Via TPMMuckraker: Gotta love those "centrists"!