Relevant and even prescient commentary on news, politics and the economy.

Suspend Mark-to-Market?

reader Sammy guest post Suspend Mark-to-Market? Section 132 of the Emergency Economic Stabilization Act of 2008 (“restates the SEC’s authority to suspend the application of FASB 157 if the SEC determines that it is in the public interest and protects investors”), is an important part of the solution to the current financial crisis, and may […]

The President’s Speech

rdan Slightly left of center with gracious charm and strength. Whitehouse press office Remarks of President Barack Obama — Address to Joint Session of Congress Remarks of President Barack Obama – As Prepared for DeliveryAddress to Joint Session of CongressTuesday, February 24th, 2009 Madame Speaker, Mr. Vice President, Members of Congress, and the First Lady […]

I read because:

rdan I read Angry Bear because: For the news coverage For the comment section For the unique perspectives I follow certain main posters For the analysis of issues View ResultsCreate a Blog Poll Please leave a comment to expand the thinking behind your vote.

Health care is 20% by volume of the stim bill…no discussion?

cross posted by Rusty Health Care Think Tank Stimulus Bill Part IIWhy is the stimulus bill (H.R. 1) more than 1000 pages? More than 200 of those pages are health care reform, including a massive health care IT plan. How much time was spent debating the largest health care reform plan of the past two […]

Foreclosures Are Not the Problem. Those Who Build Financial Time Bombs, and Those Who Pick Them Up, Are the Problem

by cactus Foreclosures Are Not the Problem. Those Who Build Financial Time Bombs, and Those Who Pick Them Up, Are the Problem I hesitate to disagree with Hilzoy – she may not be an economist but she’s very smart is usually right – but she has two posts (here and here) which I think are […]

WILL YOU STILL FEED ME IN 2041?

guest post by coberly WILL YOU STILL FEED ME IN 2041? I use rounded numbers below. The point will not change if someone wants to use the precise numbers. It has been argued that by the time the Trust Fund runs out of money, Social Security can continue to pay benefits without a tax raise […]

Budget 2010 is telling?

rdan NYT reports on the thinking of the Obama team on our budget deficit concerns. The budget will provide the first clues to how Mr. Obama will reassert fiscal discipline after signing into law a $787 billion economic recovery plan. As difficult as cutting the deficits will be, much of the reduction by the end […]

Paul Volcker Feb.20

rdan No fat tail. Nor black swan. Nor once every 100 year occurrence. (Hat tip reader CMike) Forbes has Volcker’s complete remarks below the fold, lifted directly from Forbes and brought here: Paul Volcker: It’s clear to everyone that we are in the midst of a massive economic and financial crisis. It’s big in the […]