Economic Populist points us to consideration of re-instating the Glass-Steagall Act. Plain vanilla banking at a tidy profit for regular banking functions is still a good idea.
Glass-Steagall reconsidered
Banks exiting TARP
by Linda Beale (cross posted from ataxingmatter) Banks exiting TARP Citibank has confirmed its plans to pay back the bailout funds directly provided to it. See NY Times. Of course, the fact that banks are paying back direct bailout funds does not mean that there is no further bank bailout going on. The government now […]
Obama, Bush, Mankiw: A Look Taxes, Spending, and Bull#@% in the Great Recession
by cactus Obama, Bush, and Mankiw: A Look Taxes, Spending, and Bull#@% in the Great Recession This post serves as a quick follow-up to my previous post on real GDP per capita growth and the tax burden. Let’s start with a few facts…. not random opinion, but facts. 1. The “Great Recession” began in December of […]
Mohamed v. Jeppesen today
Hat tip to Glen Greenwald for following this case and today’s presentation for Mohamed v. Jeppesen and Ben Wizner’s oral argument at the United States Court of Appeals Ninth Circuit. Slate’s Dahlia Lithwick also offers comment.____________________________________ Today marks the beginning of testimony for a jobs policy hearings in the Senate as well.____________________________________
Health Care Provider Taxes
by Tom aka Rusty Rustbelt Health Care Provider Taxes An under-the-radar tax funding scheme is the prevalence of health care providers taxes. Our most current information indicates 44 state have some variation of a provider tax (in addition to various schemes to use or misuse tobacco settlements allegedly earmarked for health care spending). Most of […]
Comparing Presidents: Real GDP per capita Growth Rates and Changes in the Tax Burden
by cactus Comparing Presidents: Real GDP per capita Growth Rates and Changes in the Tax BurdenIn last week’s exciting episode I posted this graph: A few quick comments… this is actually a correction – I screwed up the graph the last time by not following the same convention with Nixon and Ford that I did […]
de novo
Economists View has a note on the evolving ideas of what ‘financial’ reform looks like in Congress. It looks like de novo is back, and it was Barney Frank who pulled it in the first place. (h/t run) it appears Rep Frank put de novo branch banking back into the House Bill (HR4173) which just […]
Open thread Dec. 11, 2009 (without GW)
Open thread Dec. 11, 2009 (with GW)
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