There's an N-Word you apparently write at your own risk if you're in the establishment media. It's "nationalization." The Associated Press's Stephen Bernard, with the help of old reliables Jeannine Aversa and Martin Crutsinger, blew through almost 800 words (link is dynamic; 12:49 p.m. ver...

Leah gave me a copy of James Galbraith's The Predator State, which contains the best description of the Social Security "debate" that I've seen. Pages 138 -139. It's long, but it's good, good, good: The financial crisis argument rests on the large numbers of baby boomers set to start retiring -- on ...

    It is instructional that only one of the three tax-challenged Obama appointees has survived public scorn to claim a high position in the new administration. Oddly enough, it is Treasury Secretary Timothy Geithner, the man who will collect our taxes, whose career has not been ...

It is instructional that only one of the three tax-challenged Obama appointees has survived public scorn to claim a high position in the new administration. Oddly enough, it is Treasury Secretary Timothy Geithner, the man who will collect our taxes, whose career has not been stunted by his failure t...

Why rush to throw another $350 billion of taxpayer money at the Wall Street bandits and their political cronies who created the biggest financial mess since the Great Depression? And why should we taxpayers be expected to double our debt exposure when the 10 still-secret bailout contracts made in th...

Federal banking regulators are pressing Citigroup to shake up its board and replace its chairman, Winfried F. W. Bischoff, in an effort to restore confidence in the beleaguered financial giant, The New York Times's Eric Dash reported. Richard D. Parsons, the chairman of Time Warner and a Citigroup d...

Citigroup could announce its first steps towards a breakup of the group as early as today....

Filed under: Citigroup Inc. (C), Morgan Stanley (MS), Financial Crisis Last month, I posted on 2008's eight worst ideas. At the top of my list was deregulation. Robert Rubin, who spent a decade as a director of Citigroup (NYSE: C) and is now retiring, is partly responsible for one very important act...

Robert Rubin, a key figure in the U.S. financial boom as Treasury secretary and then as a senior adviser at Citigroup, announced his retirement from the troubled New York bank yesterday in the latest sign that Citigroup wants to break from its recent past....

Robert Rubin, a senior counselor and director at Citigroup who helped steer the megabank into taking on more risk, is quitting amid a firestorm of criticism. Why? Because he's "tired." The Journal reports: While Mr. Rubin has defended his performance since joining Citigroup in 1999, insisting that t...