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The Hearing: May 10, 2009 - May 16, 2009

Now An Owner, Government Must Act Like Long-Term Investor in GM, Chrysler

Case Western University economics professor Susan Helper and Michigan Manufacturing Technology Center research director Daniel Luria filed this guest blog post: The U.S. Treasury – and therefore the American public – has become a co-owner of General Motors and Chrysler....

By Sara Goo  |  May 15, 2009; 6:00 AM ET  |  Permalink  |  Comments (7)
Categories:  Autos  
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Credit Card Reform: Do the Banks Own the Senate?

That's the question Simon Johnson was asked on "The Ed Show" last night on MSNBC. What do you think? Post your thoughts in the comments section. Visit msnbc.com for Breaking News, World News, and News about the Economy...

By Simon Johnson  |  May 14, 2009; 5:40 PM ET  |  Permalink  |  Comments (7)
Categories:  Banking , Nationalization  
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Wallet Reform: Should Congress Protect You From Your Credit Cards?

After a weekend compromise between the leaders of the Senate Banking Committee, a new bill tightening regulations on credit card issuers has a good chance of making it out of the Senate this week. (The House already passed a weaker...

By James Kwak  |  May 14, 2009; 6:07 AM ET  |  Permalink  |  Comments (15)
Categories:  Banking , Regulation  
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AIG's Game Plan: 3 to 5 Years of Recovery

In this season of financial and economic confusion, perhaps nothing has been quite so confusing as the saga of American International Group, once the world's largest insurance company and now a ward of the federal government. Today, chief executive Edward...

By James Kwak  |  May 13, 2009; 4:57 PM ET  |  Permalink  |  Comments (3)
 
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The Hearing Poll: Should the U.S. Do More to Prop Up the IMF?

This morning, the House subcommittee on international monetary policy and trade (part of the House Financial Services Committee) will hold a hearing on the implications of the Group of 20 summit for low-income countries. One of the more controversial...

By Simon Johnson  |  May 13, 2009; 6:09 AM ET  |  Permalink  |  Comments (14)
Categories:  The Hearing Poll  
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Why Health Insurance Doesn't Work Like Any Other

Despite the wreckage caused by the economic crisis, the Obama administration is still focused on health care reform, and not without good reason: the sharp increase in personal insecurity, plus the reduction in debt headroom, have made health care reform...

By James Kwak  |  May 11, 2009; 10:22 AM ET  |  Permalink  |  Comments (11)
Categories:  Health care  
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What's Getting a Hearing This Week

Early in a new administration, it's not uncommon for there to be a torrent of congressional activity on multiple fronts, and the economic crisis has only added to the sense of urgency. While much of the business world will be...

By James Kwak  |  May 11, 2009; 6:04 AM ET  |  Permalink  |  Comments (0)
Categories:  The Week Ahead  
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