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Life’s two certainties (being sold out by the Swiss may be one of them)
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Why the Bailout Won’t Help Money Markets
It will actually divert money to the Treasury from commercial lending. Naked Capitalism has more, concluding: When Paulson dumps out his 700 billion in…
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Bailout Bill Is A Threat to Democracy
At least in its original form, the $700 billion bailout bill was unconstitutional because it gave the Treasury Secretary boundless discretion to buy, or…
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Deregulation Didn’t Cause the Financial Crisis, But It Might Help Solve It
Banking expert Peter Wallison explains why deregulation didn’t cause the financial crisis, while Steven Malanga explains how government regulators foolishly pressured banks to drop prudent lending…
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CDS’s House of Cards
It’s been called a ticking time bomb by Investor’s Business Daily. CNNMoney asks if this will be the next disaster. Yet the Feds…
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Another bad bailout idea — raising deposit insurance cap is regressive and counterproductive
As the Wall Street crisis has expanded, politicians are falling all over themselves arguing on behalf of the “little guy” against “fat cats.” But in…