Live Breaking News & Updates on Pedestrian American
Stay updated with breaking news from Pedestrian american. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Pedestrian american would have been affected in a more harmful way than perhaps you pontificate this morning. i understand your point about the size of the balance sheets and the comparative hit and how small the comparative hit may be but could that trickle down effect not be bigger and larger than perhaps you suggest in the book? i think the contrary. the average american saver has been totally destroyed as a result of bernanke s to drive interest banks to zero. able to pay back the tarp only because the fed has crushed interest rates for savers. on cds you get 40 basis points today. therefore they have earned an artificial fed gifted spread of tens of billions a quarter which they then used to rebuild their equity and pay back their t.a.r.p. the t.a.r.p. was paid back out of the hides of fixed income, ....
Same. the question is who becomes an adult and steps forward and says the substantive equivalency i m not making but politically, howard, i am. and if you are a pedestrian american watching, they ll say, this is what i was watching last fall. as you said, there s some agreement on closing loopholes. well apply closing the loopholes, the revenue you get from that to reducing the deficit. but paul ryan wants to do is take that money from closing loopholes and use it to give bigger tax breaks to people at the top. that s not going to fly. we have to take a break. james i think you re hanging with us, i don t know if the air ca kisses that harold was blowing to you reached up all the way in new orleans. i ll take compliments, particularly from a guy from memphis. they re coming at you, we ll take a short break, when we come back, hillary clinton joins the evolution revolution on marriage equality as the movement gathers momentum. some republicans are stuck in a state of denial. ....