The Bankers’ Bailout
I mentioned this yesterday (Inflating Our Way Into Recession), but I thought it was an important enough piece to highlight on its own....
The Monolines Are F#@%ed!
If you had any doubts that the Monolines (Ambac, MBIA, FGIC) were f$%#ed before, well, they should be totally eliminated from your mind...
Open Thread: No Free Lunch?
In today’s WSJ, Art Laffer critiques the stimulus package: "In this world of ours, those resources going to the rebate...
Mortgage Bond Ratings Change: “Too little, too late.”
Glad to see someone else is paying attention: New York State Attorney General Andrew Cuomo’s office has issued subpoenas to...
Cramer: “Ethanol is a fuel that doesn’t work”
Cramer — who spews out on so many things he can’t help but be wrong on many of them — al least gets the problems with...
Financial Sector: More Damage to Come
Someone needs to inform the SEC that their job is to protect shareholders — not wayward corporate management. For an SEC commission...
Monoline Rescue Plan Round Up
Here are some of the stories on the proposed rescue plan of the monoline insurers (AMBAC, FGIC, MBIA) • Banks pressed to bail-out bond...
How to Stop the Downturn
Stiglitz pulls no punches in an op-ed in today’s NYT: "AMERICA’S economy is headed for a major slowdown. Whether there is a...
Bernanke: Fed Must Avoid Greenspan Errors
Well, its a start: Federal Reserve Chairman Ben S. Bernanke may encourage lawmakers today to stimulate the economy while aiming to avoid...
Are Bankers Incompetent Morons?
Shorter Floyd Norris: We bankers are idiots, we can’t do basic math, have little in the way of risk management. Lobbying for FASB...