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Commentary & Opinion

November 14, 2008
Restoring Financial Stability

Source: The Wall Street Journal

As leaders of the Group of 20 nations meet this weekend in Washington, we are faced with the financial crisis of the century. The leaders of major economies and international organizations must hammer out realistic yet...

November 14, 2008
EDITORIAL: The bottom line is regulation

Source: Trading Markets.com

It is no secret that today's politics are driven, by and large, by crisis. There are those like the "Social Security crisis" that were manufactured to support the case for privatizing Social Security and making the Bush tax cuts...

November 14, 2008
G.M.’s Troubles Stir Question of Bankruptcy vs. a Bailout

Source: New York Times

Momentum is building in Washington for a rescue package for the auto industry to head off a possible bankruptcy filing by General Motors, which is rapidly running low on cash. But not everyone agrees that a Chapter 11 filing by...

November 13, 2008
Why Government Spending Does Not Stimulate Economic Growth

Source: Heritage Foundation

In a throwback to the 1930s and 1970s, Demo­cratic lawmakers are betting that America's economic ills can be cured by an extraordinary expansion of government. This tired approach has already failed repeatedly in the past year,...

November 11, 2008
Remarks at the SIFMA Summit on the troubled Asset Relief Program

Source: US Treasury Secretary for Financial Stability Neel Kashkari

New York - Good morning and thank you for that kind welcome.

I am here today to provide a comprehensive update on the Treasury Department's progress in implementing the Troubled Asset Relief Program (TARP), which is a major...

November 10, 2008
Greed isn't good - Experts weigh in on financial meltdown

Source: TulsaWorld - OK

As executives walk away from failed financial firms with millions in their pockets, and retirees watch their 401(k) accounts tumble, some people are looking at the role a failure of ethics played in the Wall Street meltdown.

 

November 10, 2008
Speculators, Politicians and Financial Disasters


Source: The Wall Street Journal

Fueled by easy credit, the real-estate market had been rising swiftly for some years. Members of Congress were determined to assure the continuation of that easy credit. Suddenly, the party came to a devastating halt. Defaults...

November 5, 2008
Why We Need to Limit Executive Compensation


Source: Business Week

Confronted with the daunting array of economic failures confronting the nation, it may seem improbable for me to say that excessive executive compensation is one of the issues needing the early attention of the next President and...

November 3, 2008
Statement for the Treasury Borrowing Advisory Committee of the Securities Industry and Financial Markets Association

Source: U.S. Treasury Assistant Secretary for Economic Policy Phillip Swagel

Washington- Economy activity has slowed noticeably in the past several months, with weaker consumer and business spending, as well as corresponding impacts on the labor market. Financial market strains deepened further in...

October 30, 2008
Commentary - A Third Way


Source: Bob Monks

At this election time, there is a great deal of anger in the country. Reelected congressman and senators will return with senses attuned to the outrage of their electorate that homes and mortgages are in jeopardy while the...

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