Word: bailouts
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Really, though, this shift is more about politics than substantive differences in policy. Geithner strongly supports a stand-alone consumer agency, and he devised the plan to impose taxes on liabilities of the biggest banks, not only to recoup the bailout money but to discourage excessive risk-taking and excessive size. He just happens to be allergic to populism, and Obama political adviser David Axelrod wants to strike a much more populist are-you-with-us-or-the-banks tone in 2010. Axelrod and Obama aide Valerie Jarrett met at the White House on Wednesday with Harvard law professor...
...majority and minority seemed to be writing from a parallel universe, not quite our own. Kennedy's imagined world of stifled corporations and voiceless labor unions bears no resemblance to the America we live in, where the government pumps tens of billions of dollars into an auto-industry bailout skewed in favor of GM, Fiat and the United Auto Workers. At the same time, Stevens' picture of corporate fat cats oppressing the little guy ignores the revolution in campaign finance and communications that is being wrought by the Internet. Viable candidacies can now be launched overnight by the enthusiasm...
...Read: "Lessons from Europe's Big Bailout...
...Street can have real bad side effects on the rest of the economy," says Robert Johnson, a senior fellow at the Roosevelt Institute and a former chief economist of the Senate Banking Committee. "And that's adequate grounds to put in restraints before we have to have the next bailout." (See award-winning pictures of the fallout from the financial crisis...
...human population is depleted, there's worldwide panic, a run on the blood bank, with no bailout in sight...unless Bromley Marks, one of the major blood-supplying companies - Big Farma - can develop a blood substitute. The vampires are addicts; and if real blood is their heroin, this would be their methadone. Leading the experiment is Edward Dalton (Ethan Hawke), Bromley Marks' chief hematologist. But Edward doesn't have his heart in his work. When his younger brother Frankie (Michael Dorman), a soldier in the vampire army, brings him a birthday bottle of vintage blood (sang-real-a?), Edward snaps...