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The Inequality Gap

…union activists), favor capital over labor (from the problematic preferential rate for capital gains to the ridiculous “carried interest” taxation of the compensation payments to so-called profits partners (a category…

Obama road tests hopey changey 2.0

…public. We in Mass. have another election to follow closely through Elizabeth Warren, who has a different take on the issues. Yves Smith at Naked Capitalism has a long post…

What to do about CDO ratings?

…decades, but our luck has run out. So I think that we can’t rely on ratings. This means that capital adequacy standards and prudential regulations must be based on something…

Triggers and Secs 111-116 of HR3200

…the Commissioner. (snip-rest of section calls for a study) SEC. 114. NONDISCRIMINATION IN BENEFITS; PARITY IN MENTAL HEALTH AND SUBSTANCE ABUSE DISORDER BENEFITS. (self-explanatory) SEC. 115. ENSURING ADEQUACY OF PROVIDER…

Consumer Financial Product Agency

…wake up every morning thinking about monetary policy. At the OCC and OTS, agency heads wake up thinking about capital adequacy requirements and safety and soundness. Consumer protection issues are—at…

The Northwest Plan: a Real Fix for Social Security

…smaller than the 1.95 percent deficit projected in last year’s report. This deficit indicates that financial adequacy of the program for the next 75 years could be restored if increases…

Toned-Down?

…basis for a broad-scale conclusion about the sexual adequacy of Republican men. Glad we got that straight. UPDATE: Noni, in comments, notes that the Ombudsman didn’t do his research, the…