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Is Social Security too big to NOT fail?

…http://spreadsheets.google.com/pub?key=r49_nOHQG4QdHuwcbMGmP0Q The column fourth from the Right is labeled Trust Fund Ratio and if graphed would show a perfect shape, a Trust Fund topping out with a ratio of 375…

Elizabeth Warren exclusive

…as a whole of bank failures. The cost of the failure of just one thrift – IndyMac — was almost ten times the annual budget of the Securities and Exchange…

Slow collapse of the wage system is the underlying cause

…the current economic downturn will produce new generation of depression-era babies, people terrified into thrift and frugality by the hard times. The Wall Street Journal noted earlier this year that,…

What’s in your wallet? Pensions and you.

…Retirement Accounts dropped about $800 billion, and federal government thrift plans dropped about $100 billion. These dramatic shortfalls create particular problems for private employer defined benefit plans. The Pension Protection…

Construction loans

…The WSJ analysis didn’t include savings-and-loan institutions, or so-called thrift banks. Nearly one in three of the banks analyzed — or 2,182 — had construction-loan portfolios that exceeded 100% of…

Ideology full steam ahead, no questions asked

…be a reasonable response coming off what we have learned about OCC and Thrift deregulation and shadow banking systems? Or the current situation with WTO rules being so narrow in…

The Current Account Deficit and Weak Investment Demand

…in investment demand. In a way, David is hinting at the old Keynesian paradox of thrift justification for short-term fiscal stimulus. Sensible Keynesians, such as Robert Rubin, might continue by…

Glenn Hubbard on the Global Savings Glut

Dr. Hubbard dismisses the Keynesian paradox of thrift argument and focuses on Asian financial disintermediation (hat tip to Tyler Cowen). Dr. Hubbard also seems to have freed himself from having…

Rep. Paul Ryan’s Plan to Bankrupt Social Security

…moral hazard. How do you deal with that? Ryan: The investment parameters are regulated by Social Security just like the federal employees’ thrift savings plan. You can’t pick and choose…