Tag: James Galbraith

Citibank fails to prove Mortgage Ownership, in Foreclosure Suit

Thank goodness.  It couldn’t have happen a day too soon.

NBC Nightly News (03-09-09) Tent Cities of Homeless Springing Up In Bad Times


Tent City, USA


Stiglitz, Galbraith, and McCain Advisor Call for $1 Trillion Stimulus

This is interesting.  Obama has not put a number on the stimulus package he will propose, but many reports put it between $500 Billion and $700 Billion for two years.  That is, maybe $350 B per year.

Now along comes a Nobel Prize winning economist who served in the Clinton administration and a Harvard economist who advised McCain, and both advise Obama to go big, REAL BIG:

Kenneth Rogoff, a Harvard University professor who was an adviser to Republican presidential candidate John McCain, and Joseph Stiglitz, a Nobel Prize winner who served in President Bill Clinton’s White House, are among those who say President- elect Barack Obama should push for a package of that size.

They need a stimulus of $500-to-$600 billion a year for at least two years to counter what is going to be a collapse in consumption,” said Rogoff, a former chief economist at the International Monetary Fund.

Calls for $1 Trillion Stimulus Package Grow as Economy Tumbles

More, after the fold.

(also on Daily Kos)