Bill Foster: “History tells us that systemic financial risks do not come from politically-driven overreaction to emerging risk, but…”

This made the discharge petition much more effective at its intended purpose, which is sort of to operate as a safety valve against, you know, the Speaker's rather dictatorial power.

The good news is that macroeconomic policy is working as designed.

I think we should consider adopting this in the coming session of Congress, at least on a temporary basis.

Frankly, when I read about this, it triggered my PTSD from the AIG situation with credit default swaps during the financial crisis.