What Lehman’s Collapse Would Have Wrought
Today’s must read MSM article is a page 1 article in WSJ on the impact of Lehman’s collapse on the global financial markets:...
Fed & Treasury Needs to Stop Targeting Asset Prices
The 110-page "Emergency Economic Stabilization Act of 2008" has been written, and is going to Congress today. Market reaction...
Cablevision DNS Redirect Nonsense
Here’s the latest insanity from my internet provider, Optimum OnLine by Cable Vision: DNS Redirect. I used to just punch in...
Wall Street Says Thanks…
> Floyd Norris expressed some very kind sentiments yesterday in his blog on our Barron’s Memo to DC. To me, there is no higher...
Bailout Linkfest . . .
Comprehensive linkage as to where you can get the details of the tentative agreement: • Bailout Bill: Discussion Draft.pdf •...
Tally of Federal Rescues
In the Sunday NYT print edition, there is an excellent visual depiction of costs all the Federal bailouts relative to ordinary fiscal...
SEC: Less Personnel Than the Smithsonian
These are some truly amazing details: "The number of enforcement personnel, the people who go after the financial engineers, is...
A Memo Found in the Street
> This morning, I have an editorial in Barron’s on "Uncle Sam the enabler." Its a memo from Wall Street to Washington...