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Bailout Firms continue to spend Millions on Lobbying Congress

April 22, 2009 By woburndem Leave a Comment

All the while you read headlines that the Administration is seeing a light at the end of the tunnel and then you read this http://www.msnbc.msn.com/id/30... and we wonder if and when they are going to realize it is a freight train heading … [Read more...]

Filed Under: User Tagged With: bail-out, bank-of-america, citibank, geithner, gm, jp-morgan, obama

Economics 101: Why I now believe it is time to nationalize our Banks

January 26, 2009 By woburndem 11 Comments

Ok maybe you got a clue from the title but if you missed it here are the details. It seems Citigroup was concerned about not having enough corporate jets to satisfy their executives so with a portion of the bail out money they received in … [Read more...]

Filed Under: User Tagged With: bail-out, banks, citigroup, democrat, economics, economy, middle-class, nationalize, obama

Question to the financial experts here – what kind of subsidiaries do BOA and State Street have?

January 22, 2009 By AmberPaw 2 Comments

If tons of taxpayer dollars are going to banks that look poor domestically, but are actually shifting assets to subsidiaries, I would view this as immoral and possibly criminal.  To the extent bailout money became bonuses, I would also … [Read more...]

Filed Under: User Tagged With: bail-out, balance-sheet, over-seas-branches, subsidiaries

Henry Paulson Jr it’s time to go you obviously haven’t a clue

November 12, 2008 By woburndem 3 Comments

April 2007 U.S. Treasury Secretary Henry Paulson said...the housing market correction appears to be at or near its bottom and that troubles in the subprime mortgage market will not likely spread throughout the economy. "We've clearly had a … [Read more...]

Filed Under: User Tagged With: bail-out, bush, democrat, economy, obama, paulson, republican

This is why I think Bush and his cabinet should resign

November 10, 2008 By woburndem 2 Comments

http://www.msnbc.msn.com/id/27... Hank Paulson is little more then a fox, a pirate, a frat boy, a scoundrel like his counter parts responsible for the collapse of the financial sector and should be removed as Treasury Secretary immediately. … [Read more...]

Filed Under: User Tagged With: bail-out, bush, democrat, economy, middle-class, obama, politics, republican

Transparency for the $700B… Not!

October 28, 2008 By Mr. Lynne 10 Comments

Ed Brayton alerts us to the treasury's idea of transparency: On October 13th, the Interim Assistant Secretary for Financial Stability at the Treasury Department, gave a talk to the Institute of International Bankers. Among the many things … [Read more...]

Filed Under: User Tagged With: bail-out, economic-crisis, government

Beyond the Bail-out, whatever that ends up as

September 30, 2008 By joes 1 Comment

A. Excerpts from paper postulating the primary cause of the Great Depression was a disparity in wealth. The Great Depression was the worst economic slump ever in U.S. history, and one which spread to virtually all of the industrialized … [Read more...]

Filed Under: User Tagged With: bail-out, economics, national

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@bluemassgroup on Twitter

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BenDowningMABen Downing@BenDowningMA·
12h

Our leaders didn’t prepare us for the virus, or a shock like it, and that left all of us, but particularly the most vulnerable, exposed. https://www.bostonglobe.com/2021/03/06/nation/mass-surpasses-16000-deaths-due-covid-19/ #mapoli

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brhodesBen Rhodes@brhodes·
6 Mar

It’s telling that the last two Democratic Presidents began their presidencies with a “Recovery Act” and a “Rescue Plan” because their inheritances were so catastrophic.

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bluemassgroupBlue Mass. Group@bluemassgroup·
12h

Beautiful urban visions from @berkie1 !

Sure would help to have a robust, thriving public transit system to enable this.

Nathan Phillips@nathanpboston

Streets that put people first, not cars - The Boston Globe https://apps.bostonglobe.com/opinion/graphics/2021/03/superblocks/ via @BostonGlobe

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DrEricDingEric Feigl-Ding@DrEricDing·
20h

Let this sink in— 5,700,000 children will be lifted out of poverty soon by President Biden’s #COVID19 relief aid passed by Congress.

Zero Republicans (House/Senate) voted for it.

Only way we passed it that Democrats won 2 senate seats for a 50-50 tie & VP Harris made it 51-50. https://twitter.com/chrislu44/status/1366524803742597120

Chris Lu@ChrisLu44

This deserves a lot more attention

New analysis: 13.1 million fewer Americans would be in poverty after the passage of Biden's economic relief bill

Significantly, the child poverty rate would be cut in half. That's 5.7 million fewer kids in poverty https://www.povertycenter.columbia.edu/news-internal/2021/presidential-policy/biden-economic-relief-proposal-poverty-impact?campaign_id=9&emc=edit_nn_20210228&instance_id=27598&nl=the-morning®i_id=103545475&segment_id=52539&te=1&user_id=cd59d05eab07f3403b8db65ae0fa15b3

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jonfavsJon Favreau@jonfavs·
6 Mar

“..it could become one of the most effective laws to fight poverty in a generation. Columbia University’s Center on Poverty and Social Policy estimates that the plan would reduce the poverty rate by more than a quarter for adults and cut the child poverty rate in half.”

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