Category Archives: Finance
Treasury’s New Program Mixes Sound Economics and Wishful Thinking
The administration’s new program to wring the toxic assets out of the banking system is a huge bet, which, like…Continue reading
Anticipating Inflation Now Can Save Taxpayers $50-$70 Billion
The Federal Reserve yesterday announced $725 billion in new purchases of Fannie Mae and Freddie Mac securities to hold up…Continue reading
Where the Administration’s Plan for the Housing Crisis Could Fall…
The President today announced a plan to cut foreclosures and reboot new mortgage financings, at least when the economy shows…Continue reading
A Serious Thought or Two on the Inauguration, from Halfway…
I'd rather be spending this week in Washington celebrating with friends and my country the politically and spiritually invigorating elevation…Continue reading
How to Find a “Free†$420 Billion to Stimulate the…
President-elect Obama says he’ll consider any good idea to address our accelerating economic decline and help stabilize the financial system.…Continue reading
The Financial Crisis and Crony Capitalism
The financial crisis and the profound economic reversals reverberating around the globe caught up last week with Citigroup, the world's…Continue reading
If Detroit Goes Down, Will It Take the Economy —…
In a remarkable spectacle, an Administration with a sustained record of economic blunders and failures finds itself aghast at the…Continue reading
It’s 1980 again, not 1932
While nearly everyone recognizes that the current financial crisis is the worst since the Great Depression, the economic challenges and…Continue reading
Nothing to Fear More than Fear Itself
Congress tried late last week to stall the financial crisis by pledging to spend $700 billion on devalued securities held…Continue reading
Congress Acts: A Little Better Than Nothing
The $750 trillion bailout plan that the Senate approved, and which the House is expected to endorse reluctantly, could give…Continue reading