Blog
It wasn’t bailout that caused Monday’s market surge — 3 other factors
Since the $700 billion bailout was first proposed, whatever the stock markets did, much of the press took that as a sign that the market…
Blog
The international mark-to-market contagion — sending global markets in a downward
Bailouts. Global interest rate cuts. More bailouts. Global government liquidity injections into banks. Direct government buying of commercial paper. And even more types of bailouts.
Blog
Obama denigrates Delaware in debate
Poor little Delaware. In every presidential election since 1992, she has been in the “blue” column voting for the Democratic candidate. She has long had…
Blog
Lehman Bros hearing — Rep. Maloney blames deregulation, ignores her own role as Fannie’s enabler
At the hearing being held today by the House Oversight and Government Reform Committee, in which former Lehman Brothers CEO Dick Fuld is now…
Blog
Market down on bailout — Don’t compound damage with overregulation of ‘Main Street’
Today -- five days after a courageous independent vote against Treasury Secretary Hank Paulson's $700 billion bailout for Wall Street -- the U.S. House of…
Blog
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…