"When a Nobel Prize Isn't Enough." With a sharply-worded rebuke of the congressional GOP, Nobel Prize-winning economist Peter Diamond has announced
he is withdrawing as a candidate for the Federal Reserve's Board of Governors due to GOP obstructionism. Republican Sen. Richard Shelby of Alabama, a leading critic of Diamond's appointment,
welcomes the announcement and raises a predictable call for a candidate "capable of garnering bipartisan support in the Senate."
posted by saulgoodman
on Jun 6, 2011 -
86 comments
TARP investments yield 15% returns. Almost trom the start, critics characterized the TARP program that first began under the Bush administration and that continued through early this year under President Obama as
a taxpayer funded giveaway, while government officials insisted it was a long-term investment program whose initial costs would eventually turn a profit as economic recovery began. Now the NY Times reports that the program has already yielded $4 billion in profits, and a separate report reveals that related Federal Reserve loan programs aimed at economic stabilization have returned
$14 billion in profits.
posted by saulgoodman
on Aug 31, 2009 -
119 comments
