robert rubin

Without Taxpayer Aid, Too Big to Fail Banks Would Only Break Even

Today brings what seems like a minor milestone in the big banks' fall from grace: a Bloomberg editorial announcing that Wall Street's largest firms would not be profitable without taxpayer backstops, and calling for an end to the perverse incentives that this arrangement produces.

Time for Stimulus 2.0? The Debate Grows Louder

The recent litany of bad tidings has renewed the arguments about whether further government stimulus spending is necessary to reinvigorate the economy. And not surprisingly, economists are split in their answers.

One Year Later: Are we socialist yet?

Of all the effects of 2008's economic meltdown, the most significant might be the growing belief that the country is now on the road to socialism....