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Fact and Fiction Behind Too Big to Fail

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Social Security

Social Security: “Raided?” Not Really. Technically “Reallocated.” The Bigger Picture…

By Emily Eisenlohr | July 11, 2024

You may have read articles that claim that Congress had “raided” the Social Security Trust Fund. “Raid” is an emotional word that may have been intended as rage bait — to make the reader think Congress had taken Social Security resources for non-OASDI uses. Congress did take action that affected Social Security twice. Congress reallocated…

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Was the mortgage debacle the sole cause of the financial bubble's collapse? Do you believe those who say the elimination of Glass-Steagall barriers didn't contribute to its building? Fairy Tale Capitalism: Fact and Fiction Behind Too Big To Fail places the mortgage mess into a broader perspective. It explains how the Federal deposit guarantee was married to investment banking's trading intensity, why the Fed had no choice but to bail out the biggest banks and how derivatives played a poorly-understood, but equally important role in the crisis. In simple terms Emily Eisenlohr walks with those who live on Main Street down Wall Street's darker alleys.

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© 2010 - 2018 Emily Eisenlohr. All Rights Reserved. Website Design by Margaret’s Folly, LLC.

© 2010 - 2018 Emily Eisenlohr. All Rights Reserved. Website Design by Margaret’s Folly, LLC.