Hank Paulson’s Cognitive Dissonance

Uh-Oh: Cars/Vacations/Flat Panels Not Tax Deductible
Here’s some more bad news for John Q. Public: We all know that the fun of the past few years Housing binge / ATM withdrawal / GDP...
SFAS 157: Market Prices Too Low? Just Ignore Them!
Here’s a honey of an idea that almost slipped by unnoticed last week. Thankfully, the NYT’s sharp eyed business columnist,...
Grant Calls Fed’s Balance Sheet an `Economist...
00:00 Fed intervention in credit market crisis07:16 Credit crisis a "scandal"; Freddie and Fannie09:23 Impact of Fed action on...
Bailout Nation
I have this image in my mind of an American cowboy: Rugged, independent, self-reliant. I picture him on a cattle drive, depending...
Changes in US Withholding Taxes

Housing Bust Blame Game

Fantasy-based Economics
Here’s the latest work of David Malpass, chief economist at Bear Stearns. You can find it in the romance & fantasy section of...