Posts tagged “economic illiteracy”
A Post That Passeth All Understanding
Ezra Klein of The Washington Post had a post yesterday about CBO Director Doug Elmendorf‘s testimony before the Senate Budget Committee: CBO Director Doug Elmendorf testified before the Senate Budget Committee today and dropped something of a bombshell. Extending the Bush tax cuts, he said, will “probably reduce income relative to what would otherwise occur [...]
More Citigroup-inspired Finance Illiteracy
I don’t know what it is about Citigroup that inspires journalists at reputable media outlets to spout unadulerated garbage, but there seems to be a lot of it going around. Yesterday’s prize went to The Washington Post and David Cho. That prompted a long-time reader to draw my attention to a December 2009 story in [...]
Balderdash In The National Press
It’s not even the end of March, but I’m willing to back this against all comers for the dumbest statement we’ll read in a major newspaper all year: Among the banks that rule Wall Street, Citigroup got a bailout that was bigger than the rest. Now the company is about to pay a king’s ransom [...]