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Extraction Summary

2
People
16
Organizations
6
Locations
2
Events
1
Relationships
3
Quotes

Document Information

Type: Financial report / market commentary
File Size: 3.31 MB
Summary

This document is page 2 of a J.P. Morgan 'Eye on the Market' report dated July 25, 2011. It provides a financial analysis of the US debt ceiling negotiations, arguing that the US tax system is progressive, and examines the European debt crisis, specifically Germany's role in bailing out Greece. The document is part of the House Oversight committee's files, indicated by the Bates stamp HOUSE_OVERSIGHT_025222.

People (2)

Name Role Context
Woody Guthrie Musician (Deceased)
Mentioned in the name of a budget plan: 'Woody Guthrie Memorial Budget Plan'.
Chairman of the German Social Democratic Party Politician
Quoted indirectly referring to hedge funds as a 'swarm of locusts'.

Organizations (16)

Name Type Context
J.P. Morgan
Publisher of the 'Eye on the Market' report.
Peterson Foundation
Source of data regarding fiscal policy groups.
Heritage Foundation
Mentioned for their 'Woody Guthrie Memorial Budget Plan' and fiscal estimates.
OMB
Office of Management and Budget, cited as a data source.
CBO
Congressional Budget Office, cited as a data source.
Gang of Six
Senate group mentioned regarding tax deduction reduction plans.
Tax Policy Center
Source for the progressive income tax chart.
American Enterprise
Provided fiscal estimates for 2035.
Bipartisan Policy Center
Provided fiscal estimates for 2035.
Center for Am. Progress
Provided fiscal estimates for 2035.
Economic Policy Institute
Provided fiscal estimates for 2035.
Roosevelt Institute
Provided fiscal estimates for 2035.
EU
European Union, involved in bailout financing.
IMF
International Monetary Fund, involved in lending facility.
IIF
Institute of International Finance, representing banks.
ECB
European Central Bank, mentioned in footnote regarding bond eligibility.

Timeline (2 events)

2011
Peterson Foundation 2011 Fiscal Summit
US
2011-07-25
US debt ceiling negotiations
Washington D.C.
US Government

Locations (6)

Location Context
US
Subject of debt ceiling and tax system analysis.
Subject of bailout plan analysis.
Key actor in European bailout negotiations.
Subject of debt crisis and bailout.
Recipient of financing terms.
Recipient of financing terms.

Relationships (1)

Germany Financial/Political Greece
Germany agreed to more generous financing terms for Greece

Key Quotes (3)

"News reports that the US tax system is regressive make me want to throw hamburgers at the screen."
Source
HOUSE_OVERSIGHT_025222.jpg
Quote #1
"All things considered, it’s the broadest defense of the Monetary Union so far."
Source
HOUSE_OVERSIGHT_025222.jpg
Quote #2
"If 'yes', Germany will underwrite Greece no matter what; if 'no', then a broader, coercive Greek restructuring might follow in the not-so-distant future."
Source
HOUSE_OVERSIGHT_025222.jpg
Quote #3

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