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27Apr, 2020

The Bailout, the Fed, and the Aftermath

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The American Prospect | April 21, 2020By Robert Kuttner

Sarah Bloom Raskin served as a governor of the Federal Reserve from 2010 to 2014, where she championed the need to protect consumers, rein in financial abuses, and address inequality. She went on to serve as Deputy Treasury Secretary for the remainder of Obama’s second term. […]

20Apr, 2020

Amid Bipartisan Criticism, Treasury Attorneys Review Bank Seizures of $1,200 Stimulus Checks, Source Says

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The Hour | April 20, 2020By Jeff Stein and Renae Merle

The Treasury Department is reviewing whether it has the legal authority to prevent banks and private debt collectors from seizing $1,200 government stimulus payments, according to a person familiar with the internal deliberations, as criticism builds over private lenders clawing back parts of the […]

5Apr, 2020

Americans Hit by Economic Shocks as Confusion, Stumbles Undermine Trump’s Stimulus Effort

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The Washington Post | April 5, 2020By Jeff Stein

The Trump administration has stumbled in its initial push to implement the $2 trillion coronavirus aid package, with confusion and fear mounting among small businesses, workers and the newly unemployed since the bill was signed into law late last month.

Small-business owners have reported delays in getting approved for loans without […]

26Mar, 2020

Fast-Forward the People

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Bounceback | March 25, 2020By Sarah Bloom Raskin

This post is adapted from Bounceback – a new blog about building a resilient U.S. economy authored by Sarah Bloom Raskin and hosted by Duke Law’s Global Financial Markets Center.

When the entire economy collapses at once, who should be the first to receive funds?

In 2008, it was hardly […]

17Mar, 2020

Raskin on Possible Economic Relief Measures for Small Businesses

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Sarah Bloom Raskin, former Fed governor and deputy treasury secretary, joined CNBC’s “Squawk Box” to discuss economic relief measures for small businesses in response to COVID-19.

Former Fed Governor on How the Central Bank Can Help Small Businesses with Coronavirus VolatilityCNBC: Squawk BoxMarch 17, 2020, 9:50 AM EST

17Mar, 2020

Banks Nearly Took Down the Economy in 2008. Now the Industry Hopes to Redeem Itself.

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CNBC| March 17, 2020By Hugh Son

Investors glued to their screens as stocks tumble day after day. Central banks around the world injecting trillions of dollars into the financial system. Talk of bailing out entire industries.

For people who have been around long enough, the upheaval in markets being caused by the global covid-19 pandemic reminds them of nothing more than the 2008 financial crisis. […]

17Mar, 2020

Fed Revives 2008-Era Program to Unfreeze $1 Trillion Borrowing Market

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CNN Business| March 17, 2020By Matt Egan

The Federal Reserve invoked emergency powers Tuesday to launch a new program that will seek to unfreeze a $1 trillion market that keeps the American economy moving. The US central bank’s moves are aimed at stabilizing the commercial paper market, where during normal times businesses can easily get short-term loans to pay workers […]

12Mar, 2020

In Senate Hearing, Economic Experts Warn Climate Crisis Could Spur Financial Crash Like 2008

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DESMOG | March 12, 2020By Dana Drugmand

Could the climate crisis precipitate a financial crash akin to or even greater than the one in 2008? With markets currently in turmoil due to the coronavirus pandemic, experts testified Thursday that there is high risk for an even larger economic crisis absent urgent climate policy.

A panel of economic experts […]

10Mar, 2020

Sarah Bloom Raskin Leads New Blog: Bounceback

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Sarah Bloom Raskin

Sarah Bloom Raskin, Rubenstein Fellow and former Deputy Secretary of the U.S. Treasury and a member of the Federal Reserve Board of Governors, has launched Bounceback: Building a Resilient American Economy – a new blog hosted by Duke Law’s Global Financial Markets Center.

What happens after we experience a great fall? Will our descent […]

11Dec, 2019

Sarah Bloom Raskin on Trump-Powell Relationship

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Sarah Bloom Raskin, former Fed governor and deputy treasury secretary, joined CNBC’s “Closing Bell” to discuss the relationship between President Trump and Jerome Powell, Chair of the Federal Reserve Board, amid steady interest rates.

Trump-Powell feud will reemerge despite lower rates, former Fed official says

CNBC: The Closing BellDecember 11, 2019