Relevant and even prescient commentary on news, politics and the economy.

Paul Krugman Retracts a Key Part of Last Friday’s ‘Sanders Over the Edge’ Op-ed: That Sanders, rather than the New York Daily News editorial board members, don’t know what Dodd-Frank authorizes the federal government to do concerning ‘systemically important’ (a.k.a., too-big-to-fail) financial institutions. Good for him.

Which brings us to Snoopy, who has, for reasons I don’t fully understand, long been the emblem of the insurance giant MetLife. “At the end of 2014 the regulators designated MetLife, whose business extends far beyond individual life insurance, a systemically important financial institution. Other firms faced with this designation have tried to get out […]

Why did Paul Krugman and the Washington Post editorial board—both of whom know better—misrepresent that it was Sanders rather than the New York Daily News editorial board that was wrong about what Dodd-Frank provides, and about whether it would be Treasury or instead the financial institutions themselves that would determine the method of paring down?

As Dean Baker and several (mostly) alternative-media and hobbyist bloggers—including actual experts on Dodd-Frank and on financial-institution governance—have noted since the New York Daily News editorial board released a transcript last Tuesday of its interview with Bernie Sanders, it was not Sanders but instead members of that editorial board who were deeply confused about what […]

Senator Warren to Senate Republicans; If you do not like the choice of being shot or taking poison, then “Do Your Job”

A question to Senator Lindsey Graham by “The Daily Show’s” Trevor Noah asking why he endorsed Cruz for the Republican Presidential candidate over Trump. Earlier, Noah ran a clip of Graham stating it was a choice between getting shot or being poisoned and the reasoning for the choice of Cruz was there may be “an […]

Clinton admits she failed to do her homework, and therefore misunderstood, when she stated at the February debate that Dodd-Frank already authorizes the Treasury Dept. to force too-big-to-fail banks to pare down and that therefore no further legislation authorizing it is necessary. That’s quite an admission by her, and the New York Daily News editorial board (and the Washington Post’s Chris Cillizza) should take note.

A notion is rapidly crystallizing among the national media that Bernie Sanders majorly bungled an interview with the editorial board of the New York Daily News.His rival, Hillary Clinton, has even sent a transcript of the interview to supporters as part of a fundraising push. A close look at that transcript, though, suggests the media may […]

Oh, Dear.

[GLENN] THRUSH: When [Sanders] puts his head on a pillow at night, do you think he goes to sleep a Democrat? CLINTON: [Laughs] Well, I can’t answer that, Glenn, because he’s a relatively new Democrat, and, in fact, I’m not even sure he is one. He’s running as one. So I don’t know quite how to characterize […]

The Problem That Clinton Should See and Solve: Her misconception of what, for a huge number of voters, this year’s presidential campaign is about

And for me, it’s all about getting results. When I joined with parents and doctors and community leaders to take on the epidemic of children’s asthma right here in Harlem, it wasn’t about making a point; it was about making a difference. — Hillary Clinton, speaking at the Apollo Theater in Harlem, Mar. 30 When […]

An interesting coincidence: Cruz beat Trump and Sanders beat Clinton in Wisconsin by identical percentages

Each won by 13.2%. ____ UPDATE: I posted his when 99% of the vote in each primary was counted.  Now, with 100% in both primaries counted, Cruz’s victory margin remains at 13.2%.  Sanders’s is 13.3%. Added 4/6 at 10:32 a.m.    

It’s official – Icelandic bankers have been jailed

If you’ve been following my posts over the last few years, you know that Iceland took the dramatic step of prosecuting top officers at the country’s big 3 banks, all of which were allowed to go bankrupt in the wake of the 2008 financial collapse. Unlike Ireland, it did not turn bank debt into government […]

More to the Story on Killing the VHA

run75441: Ater I posted my article on the VA, it received a comment from Suzanne Gordon who writes on healthcare and has covered VA healthcare at her blog and also at American Prospect; Unfriendly Fire Fall 2015. Unfriendly Fire discusses the VHA coming under severe criticism from Libertarian ideologues and conservative right wing politicians even […]