Mamdani Needs to Catch the Value Capture Bus
New York Democratic mayoral nominee Zohran Mamdani has drawn both praise and sneers for his free bus proposal. As detailed
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Tarp for Failing Insurers But Not for Car Cos
Although the Treasury Dept won't be extending TARP financing to troubled automakers Chrysler and GM because they cannot
No May Loans for GM and Chrysler
GM and Chrysler were not deemed "financially viable" by the Energy Department, a critical benchmarks that makes them
Elizabeth Warren on TARP on YouTube
[youtube=http://www.youtube.com/watch?v=7bRerUGAOAw&color1=0xb1b1b1&color2=0xcfcfcf&hl=en&feature=player_
Economy Still In Freefall
A nice, albeit grim, summary of the current economic outlook by Christian E. Weller of UMass Boston for the Center
Insolvent Banks and Imaginary Firesale?
An interesting article on an interesting academic paper, and at least one blog post expressing reservations about the paper'
Obama Econ Team's Flawed Cosmology (AHuff)
From HuffPo: The Obama Economic Team's Flawed Cosmology: Still Believing the Universe Revolves Around the Banks Arianna Huffington
Re-Examining Capitalism (Jamie Galbraith)
National Journal Online had an interesting forum under the title Re-Examining Capitalism. Here is the introduction to the forum, from
Elizabeth Warren: Sack Bank Execs
Elizabeth Warren, who has been on top of this crisis since way back, is also calling for shareholders' equity
Soros: U.S. banks 'basically insolvent'
Just posted to Reuters; hat-tip to Bob F. Too bad that he says nationalization is "out of the question.
Massive Protests at G-20
London's Financial District is ground zero for global popular protest right now. CNN reports 4,000 protesters, burning
The Quiet Coup (Simon Johnson)
This article, which hypothesizes that an "American financial oligarchy" has (re)emerged and is turning the United States
State-Owned Bank in ND Doing Just Fine
From Mother Jones. The comment section is worth reading; some debate about whether this is the only state-owned bank in