You'd think New York people was all wise; but no, they can't get a chance to learn. Every thing's too compressed. Even the hay-seeds are bailed hay-seeds. But what else can you expect from a town that's shut off for the world by the ocean on one side and New Jersey on the other?
I had very little support from any feminist organization. But fortunately my post-marital lover, who had bailed out of academia over political in-fighting, was a one-man support team. He was the one who pushed me to write.
During the air war of 1944, a four-man combat crew on a B-17 bomber took a vow to never abandon one another no matter how desperate the situation. The aircraft was hit by flak during a mission and went into a terminal dive, and the pilot ordered everyone to bail out. The top turret gunner obeyed the order, but the ball turret gunner discovered that a piece of flak had jammed his turret and he could not get out. The other three men in his pact could have bailed out with the parachutes, but they stayed with him until the... Read more »
Financial institutions are not being bailed out as a favor to them or their stockholders. In fact, stockholders have come out worse off after some bailouts. The real point is to avoid a major contraction of credit that could cause major downturns in output and employment, ruining millions of people, far beyond the financial institutions involved. If it was just a question of the financial institutions themselves, they could be left to sink or swim. But it is not.
These days, I find I'm applying a little more patience to my process. If I look back on my work, I can see those songs I bailed on could have been better, that had those great two verses and then I kind of coasted from there. These days, if a song is giving me trouble, I put it aside and pick it up later, and keep doing that, for a year if I have to, until it takes shape.
Look at what I am proposing, and we [wih Bernie Sanders] have a vigorous agreement here. We both want to reign in the excesses of Wall Street. I also want to reign in the excesses of Johnson Controls that we bailed out when they were an autoparts company, and we saved the auto industry, and now they want to avoid paying taxes.
After the risky mortgage-lending practices fostered by government intervention led to massive defaults and foreclosures that caused financial institutions to collapse or be bailed out, Congressman Frank changed his tune completely.
I was a member of the band when it was just, like, a conversation at a bar. Then we constantly practiced, we played shows, we tooled around in the studio. And then, when I moved and kind of bailed on that, is when... So, yeah, for the first, Mass Romantic, I was heavily involved. Then, for a couple records after that, I was not really involved at all.
When you have three out of the four largest banks in America today, bigger than they were - significantly bigger than when we bailed them out because they were too big to fail, I think if Teddy Roosevelt were alive today, a good Republican by the way, what he would say is: Break them up; they are too powerful economically; they are too powerful politically.
So it's a mistake for someone to think that they bailed New York out. They did assist us, for which we are grateful, but it's a mistake to say we bailed New York out by giving them a grant of money to help those poor people who throw it away on welfare.
I do believe that we should substantially lower student debt in this country, which is crushing millions of people. We pay for it, in my view, by a tax on Wall Street speculation. The middle class bailed out Wall Street in their time of need. Now, it is Wall Street's time to help the middle class.