The government has demonstrated that it has the will to quickly deploy resources at scale. The only question is for whom. We should start by protecting households, whose spending is the only way to sustain the economy. For more, read my latest blog post: bouncebackeconomy.org/bounceback-blo

101

Sarah Bloom Raskin Retweeted

Brookings Econ

@BrookingsEcon

Sep 16, 2020

For more on the

@federalreserve

's updated monetary policy strategy that

@geneludwig

mentioned, see Stephanie Aaronson's recent analysis: brook.gs/2YGmgnI Up now: #VanishingAmericanDream panel 1 w/

@JayCShambaugh

@SBloomRaskin

, & Janet Yellen. brook.gs/2RrVaN4

Bravo to

and Bob Litterman in leading the financial regulators in producing a comprehensive, bold, unanimous report regarding the roles they can all be playing now to prepare us for a sustainable economy: cftc.gov/PressRoom/Pres

Sarah Bloom Raskin

@SBloomRaskin

Sep 3, 2020

Federal regulators' responses to pandemic-pummelled consumers in need of loans they can afford? "Hit 'em when they're down."

baltimoresun.com

Federal proposal could make it easier for predatory lenders to target Marylanders with exorbitant...

A new federal proposal would make it easier for predatory lenders to do business across state lines. Officials in Maryland should take notice and oppose this appalling proposal.

Sarah Bloom Raskin

@SBloomRaskin

Jul 8, 2020

Why are we funding oil and gas when we could be funding investments that create opportunity?

Quote Tweet

The YEARS Project

@YEARSofLIVING

Jul 7, 2020

The Federal Reserve is buying up troubled assets from the fossil fuel industry. That’s unprecedented and risky, explains @SBloomRaskin. #NoFossilFuelBailout #YEARSproject

1:51

27.4K views

135

Sarah Bloom Raskin

@SBloomRaskin

Apr 23, 2020

It is not too soon to set the stage for the next phase: coming to terms with what the post-pandemic landscape will demand of economic policy.

prospect.org

The Bailout, the Fed, and the Aftermath

A conversation with former Federal Reserve Governor Sarah Bloom Raskin

writes about how corruption thrives if oversight and enforcement are weak: theatlantic.com/ideas/archive/

Sarah Bloom Raskin

@SBloomRaskin

Apr 17, 2020

During its economic rescue, the Fed should look at the sustainable value of the securities it is putting on its balance sheet. More in

@EENewsUpdates

: eenews.net/climatewire/20

Sarah Bloom Raskin

@SBloomRaskin

Apr 11, 2020

Fed should be using objective criteria in unchartered territory of purchasing corporate debt, and should only put on the balance sheet what has sustainable value.

Sarah Bloom Raskin

@SBloomRaskin

Apr 10, 2020

Deregulatory action should move forward only if it will encourage banks to commit to new lending while requiring that they not whittle away their own safety cushions with dividend payments or stock buybacks. (2/2)

Right now, bank regulators should be focused on two goals: (1) making sure that banks are actively encouraged to assist borrowers to get back on their feet, and (2) ensuring that banks are strong enough to provide that help. (1/2)

Quote Tweet

NBC Investigations

@NBCInvestigates

Apr 7, 2020

From @lriordanseville and @lehrennbc The Trump admin is tweaking regulations to address coronavirus, but also moving forward with rollbacks of environmental regs and changes to immigration courts. nbcnews.com/politics/donal

How swiftly our economy bounces back from this downturn will depend in part on the the strength of the labor market and effective dispatch of the stimulus. I explained more on Monday when speaking with

@leereiners

and @lawrencegbaxter for a

@DukeLaw

@DukeGFMC virtual event:

The $2T stimulus--in addition to massive Fed liquidity--turned the water on full blast. But water’s no use if it can’t get through the pipes.

Quote Tweet

The Washington Post

@washingtonpost

Apr 5, 2020

Americans are hit by economic shocks as confusion, stumbles undermine Trump administration’s stimulus effort wapo.st/2V2FhOx

Sarah Bloom Raskin

@SBloomRaskin

Apr 2, 2020

Water in the faucets has been turned on full blast--Fed liquidity, small biz money, direct cash assistance, unemployment expansion. But now

@USTreasury

and

@SBAgov

need to assure households and small biz that the pipes are clear and funds are flowing to their intended recipients.

Sarah Bloom Raskin

@SBloomRaskin

Apr 2, 2020

Our economy won't be able to bounce back from this pandemic quickly if we don't focus on helping those who have been hit hardest by it.

But what about the people at home wondering whether their checks will arrive before their bills become due, they get sick, or they potentially lose their jobs? What about the small businesses wondering how quickly forgivable loans will arrive? Will they be saved in time?

: the president and his appointees have taken a series of actions to protect "financial and real estate interests from the economic wreckage of the COVID-19 pandemic, at the expense of Americans who are bearing the brunt of it." revealnews.org/article/ill-be

Are you there

? Americans are waiting for promised relief--full amount of check without cut for debt collectors. Please flag payments appropriately, using usual code to protect federal payments from garnishment.

theguardian.com

'I have no money': debt collection continues despite pandemic

Legal groups across the US are calling on federal and state governments to halt debt collection as it continues unabated

Sarah Bloom Raskin

@SBloomRaskin

Apr 1, 2020

The stimulus bill is shaping up as a power move with quite a bit of discretionary and open-ended decision making authority being consolidated within the Federal Reserve and the Treasury: nytimes.com/2020/03/31/us/

Sarah Bloom Raskin Retweeted

Rubestein Fellow

urges federal government to prioritize people in stimulus spending - or risk another depression. bit.ly/2JwMCR6