Archive for March, 2009
The Vision Requirement
In a time of big crisis, America needs leadership and vision. We need something to believe in. In a recent Time magazine article, Newt Gingrich, former Speaker of the House during the Clinton era and the father of modern partisan gridlock (he literally shut the government
Comments Off • Read this story »
More Articles
Obama To Wall Street: I’ll Pencil You In, Lightly
Treasury Secretary Tim Geithner will provide some further detail on the bank rescue this week but, let’s face it, this thing is unlikely to make it through Congress, and certainly not quickly. Have you noticed that Treasury’s plodding ahead in a lower gear than the other parts of the Administration?
Comments Off • Read this story »
OutrAIGe
$85 billion on September 16, 2008. $38 billion on October 8, 2008. $27 billion in November. And $30 billion a few days ago. That’s what insurance-securities giant AIG has been able to coax out of our government over the past 6 months. A whopping $180 billion in total. It kinda makes
Change or Dopamine?
When the stock market started creeping up this week, the money pundits immediately began buzzing and babbling — Is this the rebound? Did we just hit bottom? It might be time to buy. Get in now. You could be rich next year, or maybe even tomorrow. Why are we so reactionary? MIT finance professor
The SEC Fiddled While Rome Burned (Part 3 of 3)
Botching the Bernie Madoff Ponzi swindle and thus failing to prevent tens of billions in losses was pretty bad press for the SEC. But the more one looks into the agency’s conduct in the Bush years, the more missteps become apparent. Take Allied Capital, a D.C.-based finance firm that makes loans
Government According to Limbaugh
What is the proper role of government in our society? Ronald Reagan staked out the conservative position in his first inaugural on January 20, 1981 when he famously stated: “Government is not the solution to our problems; government is the problem.” This is the view that takes government
Keeping Promises
David Sanger of the New York Times calls it “breathtaking.” Paul Krugman calls it “very, very good.” Frank
Comments Off • Read this story »
