…a bit of background on tax cut rationales and deficits. Back in the old days of the Bush regime, the tax cutters tended to claim that tax cuts would create…

…under the mattress. Before Social Security they would take it to a bank and hope the bank would pay it back, with enough interest to stay ahead of inflation. Or…

by Linda Beale Barney Frank and the need for a risk-based bank fee That post about the McCain-Paul environmental devastation and revenue decimation bill (somehow mistakenly given the label of…

…understanding. Bank lending When households and firms borrow money from banks, they add new (M2) assets and liabilities to their balance sheets, in equal measure. The banks do similarly; both…

Well, it looks like they finally did it. Congressional Republicans agreed yesterday on new ways to raise future taxes. They’ve proven quite expert at cutting today’s taxes and paying for…

…the Capitol comparing its police officers to Nazis. Bank Lobbyists Hired by Congress to Oversee Banking Regulations, theintercept.com, Lee Fang. Rep. Patrick McHenry, R-N.C. hires to run the committee are…

…stress tests. This was done under the guise of being called, (cough-cough, clearing my throat) community banks or The Community (Bank) Hustle as the Intercept would label it. You would…

…bonds held by local banks and residents. Losses in the tax-exempt arena, when they come, are also likely to be highly correlated among issuers. If a few communities stiff their…

Another Shrill Economist Shrill is, of course, the word conservatives often use to label an economist when said economist makes a case that they cannot refute with logic or data….

…that what Musk and others label “waste” is usually unavoidable because of the way politicians have drafted our laws. For example, Social Security benefits are paid in the month following…