Wonkblog economics editor Neil Irwin has a book coming out this week. “The Alchemists: Three Central Bankers and a World on Fire” (The Penguin Press, available April 4) tells the story of how central bankers came to exert vast influence over the global economy, and how they wielded that power from 2007 to 2012, through… Read more »
Posts Tagged: Bailouts
Native U.S. Tribes Seek Federal Bailouts to Offset Casino Losses
The Mashantucket Pequot Tribal Nation, which owns the Foxwoods Resort Casino in southeastern Connecticut, is among federally recognized tribes that, although considered “sovereign nations,” are seeking increased revenues through grants from the U.S. government. According to the Associated Press, the once billion-dollar Pequot casino empire has, in the past, distributed stipends of more than $… Read more »
Obama lies about Romney’s position on auto bailouts, conservatives hit back
During last night’s debate, ostensibly on foreign policy, the subject of the auto industry bailouts came up. Barack Obama insisted that Mitt Romney had said that he would have liquidated the auto industry, or at least fiddled while it burned. Governor Romney asserted that he’d said no such thing. A transcript of the exchange is… Read more »
Obama Misleadingly Claims Gov’t Got Back ‘Every Dime’ of Bailouts
Last Thursday President Obama claimed before a large audience that the government had recovered “every dime” of the financial bailout. But according to a CBO report issued this month, Obama is off by at least $ 24 billion and as much as $ 63 billion dollars, depending on which government figures are used. Speaking in… Read more »