Bernanke Was Advised NOT To Bail Out AIG
A Republican senator said Tuesday that documents showing Federal Reserve Board Chairman Ben Bernake covered up the fact that his staff recommended he not bailout AIG are being kept from the public. And House Republican Darrell Issa charged that a whistleblower had alerted Congress to specific documents that provide “troubling [...]
Categories: Economic Tags: AIG, Bernanke, Bernanke Was Advised NOT To Bail Out AIG, CNBC, Jim Bunning
Unexpected Surprise: Student Loan Debt Hits Seniors Too
SENIORS HIT BY STUDENT LOAN DEBT – WP’s Ylan Q. Mui: “The burden of paying for college is wreaking havoc on the finances of an unexpected demographic: senior citizens. New research from the [NY Fed] shows that Americans 60 and older still owe about $36 billion in student loans, providing [...]
Categories: Economic Tags: Unexpected Surprise: Student Loan Debt Hits Seniors Too
JOBS Bill Passes, And Then….
@ Politico.com – Senate passes jobs bill, with tweak More stringent safeguards for investors were added and now it heads back to the House. Senators passed the JOBS Act on a 73-26 vote Thursday, two weeks after the House voted 390-23 to approve it. The measure is backed by President [...]
Categories: Economic Tags: And Then...., JOBS Bill Passes
Is Paul Ryans Budget A Risk?
Sojo.net Blog comments on Paul Ryans Budget: The Ryan Budget and Moral Cowardice Remember Rep. Paul Ryan’s 2011 budget, The Path to Prosperity? Well, it’s baaa-aaack — and this time the path is smoother and wider and offers a quicker trip to judgment. Christianity and most of the world’s faith [...]
Categories: Economic Tags: Is Paul Ryans Budget A Risk?
JOBS Act Struggles
@ Politico – Jobs bill clears hurdle, faces others Democrats are pushing to add more oversight, which they say will help protect investors from fraud. The JOBS Act cleared a key procedural hurdle on a 76-22 vote. The package — six bills that would ease various Securities and Exchange Commission rules [...]
Categories: Economic Tags: JOBs Act Struggles
What New In Economic and Tax Reform Bills @ W.H. ?
GOP frosh to back millionaires’ tax Rep. Rick Crawford will unveil the plan during a local television interview Thursday morning. Freshman Republican Rep. Rick Crawford will propose a surtax on millionaires Thursday morning, a crack in the steadfast GOP opposition to extracting more money from the nation’s top earners. The Arkansas Republican [...]
Categories: Economic Tags: What New In Economic and Tax Reform Bills @ W.H. ?
Here is a Wiki For You: Trickle Down Economics
Trickle-down economics From Wikipedia, the free encyclopedia US Congressional Budget Office Graph of Outlays versus Revenues.[1] “Trickle-down economics” and “the trickle-down theory” are terms in United States politics often used by the American left to refer to the idea that tax breaks or other economic benefits provided by government to businesses and the wealthy will benefit poorer [...]
Categories: Economic Tags: Here is a Wiki For You: Trickle Down Economics
