Are we giving “too big to fail” banks $83 billion a year?
America / Fiscal policy

Are we giving “too big to fail” banks $83 billion a year?

The short answer is: maybe. On Wednesday, during the Senate Banking Committee hearing, Senator Elizabeth Warren grilled Federal Reserve Chairman Ben Bernanke on the $83 billion implicit subsidy that big banks receive from low interest rates. That night, Fox Business News’ Gerri Wilson misquoted the figure, expressing outrage over the “$83 trillion dollars, you know, … Continue reading

Senator Warren Steals the Show…And Misses the Point.
Economy / Regulation / U.S. Domestic Policy / U.S. Senate

Senator Warren Steals the Show…And Misses the Point.

The Senate Committee on Banking, Housing, and Urban Affairs is not often the subject of a million YouTube views. Senator Elizabeth Warren (D-MA), who ran for office promising change in Washington, may have delivered last week by helping the committee accomplish this feat. The trouble for Sen. Warren, and the committee meeting she hijacked, is … Continue reading

America / Culture / Politics

DNC 2012: The “Things You Shouldn’t Say Out Loud” Department

Watching the Democratic National Convention, I’ve been struck by one overarching thought: whatever you believe about the issues discussed, many of them are not things that should be said out loud, at least if you’re trying to attract votes. It’s obvious that the Democratic Party has taken this opportunity to speak to their base.  The … Continue reading