"It is financial socialism, and it's un-American," he said, attacking the bailout plan before the administration financial heavyweights gathered to press their case to the Senate banking committee.
Roubini is a purist about attacking the bailout for giving current investors an equity stake while supporting the gargantuan debt of Fannie Mae and Freddie Mac so as not to trigger troublesome losses for the foreign central banks and institutions that own vast amounts of Fannie and Freddie debt.
Having broadcast an outrageously deceitful ad attacking the auto bailout, the campaign ignored the howls from carmakers and came back with more.
Having broadcast an outrageously deceitful ad attacking the auto bailout, the Romney campaign ignored the howls from carmakers and came back with more.
If you want to stop bailouts, you have to attack the political power of major Wall Street firms.
Earlier, protesters had marched through the capital chanting slogans, banging drums and carrying banners attacking the terms of the bailout which many Greeks feel imposes harsh penalties on ordinary pensioners and workers while sparing the rich.
Murphy, author of The Courageous State, an acclaimed critique of neoliberal economics, responded by attacking the Labour government's bailout of the banks.
In 2015, Republicans attacked the program as a "bailout" and attached a provision largely defunding it to a year-end spending bill that President Barack Obama signed, albeit reluctantly.
Several of the House Democrats considered most vulnerable this year opposed the plan, sparing them from attacks over the bailout though they are still criticized for being part of the Congress that approved it.
In its final report on the bank bailout, the panel attacked the government for not being transparent enough and not articulating clear goals for its foreclosure prevention program.
