by Ken Houghton I had the same reaction to his “we have to do something” comments on Sunday as Dr. Black. But we both, clearly, forgot the game that was being played. Monday is a day of work, and Dodd has clearly prepared well: Sec. 1. Short title; table of contents.Sec. 2. Authority to purchase […]
by Ken Houghton It’s not been a Good Weekend for me to read Berkeley-based Economists. (Though DeLong is on fire, in a good way, and has been since that initial post.) Via Mark Thoma, this from Barry Eichengreen: In the United States, there were two key decisions. The first, in the 1970’s, deregulated commissions paid […]
CNN does some he-said, she-said, but throws in some data: The administration’s proposal also requests that Congress authorize an increase to the nation’s debt ceiling. Currently, it’s set to rise to $10.6 trillion for fiscal year 2009 – which runs from October 2008 through September 2009. But the proposal requests that limit be increased to […]
When calling Congresscritters tomorrow, especially for those in NY State, please feel free to remind Senator Schumer’s office that he and Barack Obama were the two people [in contested elections] who finished with the widest margin of victory in 20062004 [h/t to my Loyal Reader and Kohole in comments]—about a 50% margin in both cases. […]
Via The Good Roger Ailes, ABC News reports that rape kits aren’t the only thing Sarah Palin tried to leave the responsibility of the victim: Fighting back against allegations she may have fired her then-Public Safety Commissioner, Walt Monegan, for refusing to go along with a personal vendetta, Palin on Monday argued in a legal […]
We already gave them $900 Billion. (Or, as I would prefer to write it, just so everyone understands: $900,000,000,000. About 3,000 a person, or 26.7% of the annual median household income, assuming a family of four.) What would makes anyone think another $700,000,000,000 will solve the problem? Just because “sooner or later, you’re talking about […]
At a high level, Floyd Norris explains it all to you. UDATED, AND PULLED TO THE FORE: For the more detailed view (h/t Barry R.), the soon to be late, not very lamented, New York Sun presents the details: The SEC allowed five firms — the three that have collapsed plus Goldman Sachs and Morgan […]
I believe that’s the English translation of this headline.
UPDATE: Krugman comes to the same conclusions, more concisely. (That’s why he gets paid the big bucks.) And Brad DeLong has modified his original position to the point where it’s got a good chance of working going forward. I started a “What is an Asset” post yesterday, which got sidetracked by Brad DeLong’s urging that […]
My Loyal Reader sends another example of those glorious, worthy individuals about whom “we do not have time” to worry: Former [AIG] Chief Executive Officer Maurice “Hank” Greenberg may try to end government involvement in the company “as prompt [sic] as possible,” his attorney David Boies said in an interview this week. Greenberg…has said the […]