Posts tagged "crony capitalism"

Five reasons why Republican Majority Leader Eric Cantor is now the lamest of lame ducks.

“What was Cantor thinking,” they said as they voted yesterday for Cong. Cantor’s Republican primary opponent, Dave Brat.   5. Eric Cantor was a beatable candidate, even though he outspent his primary opponent, 25 to 1.  He had a lousy campaign staff who didn’t see the train coming. After 14 years in Congress, Cantor was taken... Read more »

Better than Chris Wallace w/Hillary Clinton: Berkowitz w/author and Booth Business School Professor Luigi Zingales

Jeff Berkowitz: …What would happen? That third way [that you recommended]. Manage bankruptcies. Don’t bail out AIG. Don’t bail out Lehman Bros., but manage it and creditors should incur costs. Professor Luigi Zingales: Should incur losses. Absolutely. Jeff Berkowitz: Because they took bad risks and they should be—if you’re taught that you are going to... Read more »

Better than Stephanopoulos w/Austan Goolsbee: Berkowitz w/Prof. Luigi Zingales, on Cable and the web

Professor Luigi Zingales: You know, I think that if you are Greece, and you are dramatically capping government expenditure because you have to fix the budget, will this decrease GDP? Absolutely. If that is Keynesian economics, Keynesian economics is right. But, if you think you can bring prosperity by spending more, Greece would be the... Read more »