Not very.
Speaking to reporters today, newly confirmed Treasury Secretary Tim Geithner all but dismissed the idea outright:
We have a financial system that is run by private shareholders, managed by private institutions, and we’d like to do our best to preserve that system.
You’d think that a corporation that’s got a $150 billion taxpayer-funded lifeline keeping it afloat would take steps to rein in extra pay to executives. But in the case of American International Group, you’d be wrong.
AIG is slated to dole out $619 million in “retention pay” to keep More…
In a stunning break from everything it has stood for in its entire history as a measured voice for neoliberal economic policies, The Economist has endorsed Sen. Barack Obama — a known socialist — for president of the United States!
That, or one of More…
All the McCain campaign’s talk of Sen. Barack Obama’s desire to “spread the wealth” and promote “redistributive change” raises the question of whether red-baiting is as potent a weapon as it used to be.
To be sure, some conservatives have been so quick to More…
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