Clik here to view.
Wa Mu Fails, John McCain Flails, Market Bails
John McCain bailed on saving the financial system and within hours, Washington Mutual gave up the ghost. Washington Mutual, the giant lender that came to symbolize the excesses of the mortgage boom,...
View ArticleI'm Confused
When we nationalized Fannie and Freddie last week, wasn’t the idea to use a recapitalized Fannie and Freddie to aggressively start purchasing mortgages to unstick the credit system at the regional bank...
View ArticleLet's Not Fool Ourselves
Now that it appears a bailout deal has been struck, I feel a need to introduce a note of realism to the conversation. Last week in his Senate testimony, Fed Chairman Bernanke said the “bailout was...
View ArticleBailout Bill Fails
The Bill failed in the House and the Dow went down 700 points. Look out below. I looks like to me that my suggestion of using major infusions into Fannie and Freddie to buy the debt might be the...
View ArticleBarney Frank Throws It Back To The Republicans
The Republicans couldn’t find the votes so they are blaming it on a totally unremarkable speech that Nancy Pelosi gave this morning. The notion that they would crater the economy because their feelings...
View ArticleClik here to view.
Get The Hook
This is the lamest piece of spinning I’ve seen in 6 years. John McCain needs to retire Holtz-Eakin for the rest of the campaign. As the AP’s Charles Babington points out, McCain is the clear loser...
View ArticleClik here to view.
American Redoubt
As the European fiscal crisis continues and political instability worsens across the Middle East, it is perhaps time to rethink our country’s deep embrace of globalization. Instead, we should...
View ArticleClik here to view.
Obama’s Osawatomie Speech
I’m ready to wager that when the campaign of 2012 is all over, President Obama’s speech yesterday in Osawatomie, Kansas will be seen as the turning point that led to his victory in November 2012....
View ArticleClik here to view.
Rational Markets and Corruption
When a religious fundamentalist suffers a “crisis of faith” it is a mournful incident to witness. Such was the occasion when Alan Greenspan, former Chairman of the Federal Reserve appeared before...
View ArticleClik here to view.
Globalization Fail
A few weeks ago I wrote about the anomie that enveloped me when I attended the Aspen Ideas Festival. The sense that what was taking place in our economy and society was the effect of forces outside...
View Article
