Tag Archives: bailouts

GOP Debate: Bring Back The CNBC Moderators

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GOP Presidential contenders struggled with substantive questions during last week's debate. [Credit: ibtimes.com

GOP Pres­i­den­tial con­tenders fum­bled sub­stan­tive ques­tions dur­ing last week’s debate. [Cred­it: ibtimes.com]

Don­ald Trump wants a piece of the Key­stone Pipeline.

The issue didn’t come up dur­ing last week’s GOP debate, so Trump didn’t have the chance to elab­o­rate on his dec­la­ra­tion that he would have approved the project only if the Cana­di­an com­pa­ny forked over 25 per­cent of its profits.

“I want a piece of the deal,” Trump told Bret Baier of Fox News.  “When I say I want a piece, I’m now rep­re­sent­ing our coun­try the way I would rep­re­sent myself.” Con­tin­ue read­ing →

A Modest (And Potentially Bipartisan) Obamacare Proposal

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Here are three changes Congress should make to Obamacare: 1) no cancellations; 2) no bailouts; 3) no tax on the uninsured. [Credit: thinkquest.org]

Here are three changes Con­gress should make to Oba­macare: 1) no can­cel­la­tions; 2) no bailouts; 3) no tax on the unin­sured. [Cred­it: thinkquest.org]

Here’s a crazy idea: Repub­li­cans and at least some Democ­rats say they sup­port mak­ing changes to Oba­macare; why doesn’t Con­gress give vot­ers a pleas­ant sur­prise and change it?

These changes would be polit­i­cal­ly pop­u­lar, rel­a­tive­ly mod­est and enjoy at least some bipar­ti­san sup­port. Although the pre­vail­ing polit­i­cal cli­mate makes it hard for law­mak­ers to do any­thing of sub­stance, mak­ing the health care law more friend­ly to con­sumers and less accom­mo­dat­ing to cor­po­rate inter­ests would appeal to vot­ers across the spec­trum. Con­tin­ue read­ing →

Could A Wealth Tax Solve the Problem of Government Debt?

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A recent IMF report suggests that this man's enormous wealth might help resolve the government's debt problem. [Credit: NY Post]

A recent IMF report sug­gests that this man’s enor­mous wealth might help resolve the gov­ern­men­t’s debt prob­lem. [Cred­it: NY Post]

The Inter­na­tion­al Mon­e­tary Fund (IMF) recent­ly report­ed that Euro­pean gov­ern­ments could reduce their debt back to pre-Great Reces­sion lev­els by con­fis­cat­ing 10 per­cent of the wealth held by their rich­est cit­i­zens. IMF isn’t rec­om­mend­ing that, of course.

They’re just sayin’. Con­tin­ue read­ing →

Richmond Seizure Program: Dangerous Idea From a Dangerous City

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Richmond (CA) has a dangerous idea: unconstitutionally seizing private investments. (Credit: popphoto.com)

Rich­mond (CA) has a dan­ger­ous idea: uncon­sti­tu­tion­al­ly seiz­ing pri­vate invest­ments. (Cred­it: popphoto.com)

Rich­mond (CA) once was ranked among the nation’s most dan­ger­ous cities.  If city fathers have their way, it will become the most dan­ger­ous city for res­i­den­tial mort­gage investors. Con­tin­ue read­ing →

Fed Up: Judge Strikes Down Federal Reserve on Swipe Fees

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The Fed holds all the cards when it sets a policy. Nobody bothered telling that to a federal judge, who last week struck down a Fed regulation on debit card swipe fees.

The Fed holds all the cards when it sets pol­i­cy. Nobody both­ered telling that to a fed­er­al judge, who last week struck down a Fed reg­u­la­tion on deb­it card swipe fees.

When it comes to bailouts, mon­e­tary pol­i­cy, and bank­ing reg­u­la­tion, the Fed­er­al Reserve has the last word. No one – not the Pres­i­dent, not Con­gress, not any­one – stops the Fed from doing what it has deter­mined to do. Until last week. Con­tin­ue read­ing →

The Next Bailout: Seizing Investments for “Public Use?”

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The government seized Susette Kelo's house for "economic development." Will the next bailout involve government seizure of private property? [Credit: money.cnn.com]

The gov­ern­ment seized the land on which Susette Kelo’s house once stood.  Will the next bailout involve gov­ern­ment seizure of pri­vate invest­ments for “pub­lic use?” [Cred­it: money.cnn.com]

Thought you’d heard the last of gov­ern­ment bailouts? Think again. The Fed­er­al Reserve Bank of New York, which played a cen­tral role in the leg­endary bailouts of 2008 and beyond, has pub­lished a piece call­ing on fed­er­al, state and local gov­ern­ments to join forces in what could be the most far-reach­ing bailout of all time. And here’s the kick­er: it is all ben­e­fit and no cost. No, real­ly. Con­tin­ue read­ing →