Originally appeared in The New York Times. Although developments on the political front were certainly dispiriting, for the first time in years, the economic news was not all gloomy. But with the economy improving, there was less focus on the continuing need to address flagging incomes, rising inequality and unbalanced government spending. Below are 10 […]
Originally appeared in The New York Times. THE Democrats’ drubbing in the midterm elections was unfortunate on many levels, but particularly because the prospect of addressing income inequality grows dimmer, even as the problem worsens. To only modest notice, during the campaign the Federal Reserve put forth more sobering news about income inequality: Inflation-adjusted earnings […]
Originally published in The New York Times. SO this is the thanks that Uncle Sam gets. Six years after a forceful rescue of the financial system (and, derivatively, the economy) by two presidents and the Federal Reserve, a megarich individual and a battalion of investment funds are claiming unfair treatment and trying to extract billions […]
“[a] surprisingly modest account…Rattner has a journalistic talent for the telling detail, resulting in a memorable tale of life in the middle of the economic meltdown...Rattner deftly draws portraits of the inhabitants of "the Oval" and the West Wing...Rattner has proved himself a gifted chronicler.”
-Time Magazine
