Economy
By Dean Baker / Beat the Press (CEPR) There is a standard tale of politics where conservatives want to leave things to the market, whereas the left want a big role for government. The right likes to tell this story because it advantages them politically, since most people tend to have a positive view of […]
The post The Silicon Valley Bank Bailout: The Purpose of Government Is to Make the Rich Richer appeared first on scheerpost.com.
Defense officials have been required to submit a budgetary “wish list” every year since 2017.
The post Pentagon Leaders Admit Defense Funding “Wish Lists” Are a Bad Practice appeared first on scheerpost.com.
By Ralph Nader Once again, government socialism – ultimately backed by taxpayers – is saving reckless midsized banks and their depositors. Silicon Valley Bank (S.V.B) and Signature Bank in New York greedily mismanaged their risk levels and had to be closed down. The Federal Deposit Insurance Corporation (FDIC), in return, to avoid a bank panic […]
The post Ralph Nader: Reckless Capitalist Banks Rescued by Government Socialism—Again! appeared first on scheerpost.com.