Wagging the Dog With Fannie Mae: Republicans Explain the Financial Crisis With Racist Mythology
Into a void of understanding, Republicans have sought to absolve themselves of blame with a racist mythology that has gone viral.
HuffPost's QuickRead
America: Get Your Financial Act Together
It would be as irrational to allow the Ayatollahs to build bombs as it would be to allow Wall Streeters to run amok again building their weapons of financial mass destruction.
What the Hell is Paulson Thinking???
Paulson now says that the administration will not, after all, use any of the $700 billion to purchase asset-based securities. At this point it seems salient to ask, what the hell is going on?
My Conversation with Paul Volcker, Former Fed Chairman
Paul Volcker discusses the collapse of Bear Stearns and the role the central bank has played in the American financial crisis.
Fed Stonewalls Bloomberg News on Info Request -- Necessary Confidentiality or Cloak of Secrecy?
Regulators undertake a balancing test when deciding what to release and what to keep confidential. Too much transparency can lead to major market disruptions.
Obama's New Deal for America
I believe now is the time for Obama to consider a bolder and more historic approach to the financial crisis by presenting to middle income Americans a step-by-step "big think" FDR-style New Deal program.
Why Wall Street Socialism Will Fail
The inevitable chimera of economic collectivization is coming undone. Will ordinary Americans pay much of the price? Almost certainly. Should they blame what happens on marketplace forces? No.
Wall Street's Meltdown: An Executive Summary
Lehman's demise was driven by timing. Its fiscal quarter ended on August 31, so it was compelled to report $7 billion in losses on mortgage backed securities sooner than other banks.
Beck Deals the Sieg Heil Card: Calls Obama "Full-fledged Fascist"
Yesterday morning, Glenn Beck the 3rd most listened to right wing talk show host on radio, and rarely-watched CNN Headline News host, attempted to out...
Lack of Disclosure the Root Cause of the Financial Crisis
The market did not understand that families buying homes would have an incentive to default on their mortgage obligations if housing prices stopped rising or actually declined.
Even Warren Buffett Agrees: Bernanke Bailout Price Plan A Joke
To suggest that a tiny team of public servants can glance at the assets, determine a fair price, and then not get taken to the cleaners is absurd.
Finding the Toilet in Stockholm
Last week a mix of water and sanitation experts gathered for World Water Week in Stockholm, Sweden to mull over the world's biggest public health crisis. The problem is that not enough people paid attention.
What Failure of Bailout Bill Means to Car Buyers, Carmakers and Dealers
The worst news from Monday's rejection of the bailout will be for, as usual, those least able to afford it.
Don't touch the stock market
Here's my latest warning: Do not be lulled into buying equities because there was a bounce in markets, where some losses were recouped. Or buying bec...
Bush's Legacy of Failure
Once again there was our president, presiding over disasters in part of his making and on his watch, grinning with an aplomb that suggested a serious disconnect with existing reality.
Powerline: Economic Hacks
Record low interest rates were in fact the primary driver of this economic expansion, not the 2003 tax cuts.
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