From GOPnot4me asking if this is McCain’s advisor we get the explaination of what has happened.

I like Brad DeLong, conceptually. Even his errors in judgment are based on rational principles. And he has a really useful piece up right now about “dealing with financial crises.” (One of the nice things about it is that it also completely undermines his earlier suggestion that the Fed was wrong not to ease on […]

Posted again….a voice from 2006. In Defense of Corporate Taxes This may well have been the subject of a post by PGL. I apologize if I’m covering the same ground… my memory isn’t always the best. Every so often, someone brings up the idea of eliminating corporate taxes. I haven’t heard it in a few […]

by reader ilsm All the news on disappearing ‘equity’ and dissolving networth brought to mind I should bring some good news from the US Air Force whittlin’ scene to Angry Bear readers. A few weeks ago Boeing told the Air Force that they would not compete against the monster Airbus with their KC 135 replacement […]

Try this as you listen to your favorite opposition candidate.

Documentation of a minor disruption: Lehman won’t return “billions” of frozen prime-brokerage assets “in the short term,” said PricewaterhouseCoopers, administrator for the Lehman bankruptcy. Meanwhile, several hedge funds are planning to sing the Bono phrase from “Do They Know It’s Xmastime?”* to their cohorts at Morgan Stanley: Hedge funds that account for less than 10 […]

Here’s another great piece by one of our newest and most favorite Mudflatters, Alaska Representative Les Gara. He’s not only a great legislator, with a real insider’s perspective on the surreal world of the Alaska Legislature, but he’s a pretty entertaining read. Enjoy!Since Monday the McCain camp has stepped up its personal attacks against Alaskans. […]

Lifted from comments from reader H-Bob: What was the actual precipating event causing the collapse of Lehman, Merrill and AIG at this time ? On September 8th, the news was about Fannie Mae & Freddie Mac without any hint about Lehman, Merrill and AIG. While the subprime mortgage bonds have been an issue all year, […]

by cactus Reuters totaled up the cost of the bail-out so far, and their figure sits at 900 billion. Since GDP last quarter came in at 14 and a quarter trillion, we’re talking about the federal government and the Federal Reserve putting up an amount equal to about 6.3% of the economy. Sure, most of […]

I have posted a deliberately unsophisticated discussion at my other blog After the jump, I try to add something to Tom Bozzo’s post below (which you should read first because he actually knows something about the issues). Here I take as fact Buchmueller et al’s assertion (as summarized by Bozzo but at least I admit […]