Monthly Archives: April 2011

Huffington Post’s Amazing Article on the Interchange Battle

“After all, a mere month of swipe fee revenue amounts to more than the total sum a presidential campaign will spend between now and next November.” The journalists at Huffington Post have tag-teamed written several (very) long pieces that have … Continue reading

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Joe Stiglitz and Joe Gagnon Debate QEII

During the Future of the Federal Reserve event there was an interesting back-and-forth between Joe Stiglitz and Joe Gagnon in their respective talks and the Q&A about the merits of QEII. I edited down their remarks into this video: Stiglitz … Continue reading

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A Clue on What Obama is Thinking About the Weak Recovery, or Why That Facebook Townhall Has Depressed Me.

President Obama can be wonky when he describes his policy goals to audiences. So it is often easy to trace what he says back to the thinkers, theory, white papers, books and arguments that preceded it. While I was on vacation, President … Continue reading

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Future of the Federal Reserve Panel Videos Now Online.

The videos from the panels at the Roosevelt Institute’s Future of the Federal Reserve Event are now online. There’s a video for introductory remarks by Joe Stiglitz and then videos for the full-length panels as well as videos broken down … Continue reading

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The New FDIC Paper on the Resolution of Lehman Brothers

On April 18th, the FDIC released a paper, The Orderly Liquidation of Lehman Brothers Holdings under the Dodd-Frank Act, which explains how it could have used the resolution authority in Title II of Dodd-Frank to taken down Lehman Brothers with no … Continue reading

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House Votes to Repeal Dodd-Frank at the Moment When FDIC Argues Dodd-Frank Could Have Resolved Lehman Brothers.

On April 18th, the FDIC released a paper, The Orderly Liquidation of Lehman Brothers Holdings under the Dodd-Frank Act, which explains how it could have used the resolution authority in Title II of Dodd-Frank to taken down Lehman Brothers with no … Continue reading

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Testimony Concerning Assembly Bill 935, the California Foreclosure Fee.

Today, April 25th, California’s Assembly Committee on Banking and Finance will consider Assembly Bill 935.  This is a common-sense response to the costs being imposed by the foreclosure crisis on municipalities and communities. AB 935 requires a foreclosing bank to … Continue reading

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New The Breakdown Episode: Are Financial Institutions Holding Our Economy Hostage?

I appeared on an episode of the Nation’s excellent podcast “The Breakdown,” hosted by Chris Hayes.  The episode is about finance and the financialization of the economy, and the title is The Breakdown: Are Financial Institutions Holding Our Economy Hostage? … Continue reading

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The Future of the Federal Reserve Event, 4/27/11, New York City.

One lesson to be learned from the financial crisis and subsequent recession is how important the Federal Reserve is to the economy and how much liberals and progressives need to engage with the institution post-crash. Conservatives are organizing against a … Continue reading

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On Public Funding of Colleges and Towards a General Theory of Public Options.

Via Aaron Bady, here is Colleen Lye and Chris Newfield, from “The Struggle for Public Education in California” (in the South Atlantic Quarterly, Spring 2011).  If we want to wonder why public education is becoming expensive it is in part because we aren’t supporting … Continue reading

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