Watching the sign in Oregon has some traction. The Obama sign had been stolen twice, so now the world stands watch. Comments on the webcam from Mudflats on Oregon webcam.

by Robert Waldmann My post on “what the hell are credit default swaps for” got lots of comments and I learned a lot from the comment thread. I continue my effort at remedial education via blogging. First a very simple article by Martin HutchisonDoes this guy know what he is writing about ? Key quote […]

by Robert Waldman I missed this at the time. * MARCH 19, 2008 Fannie, Freddie Lending Power May RiseBy JAMES R. HAGERTY and DAMIAN PALETTA The regulator for Fannie Mae and Freddie Mac is expected to announce a plan this morning that will give the government-sponsored mortgage investors more scope to prop up the home-mortgage […]

Now I understand why McCain’s (mis)handlers are complaining about the NYTimes.* *Ignoring that they already know they’re not winning the election, and therefore want to keep the base motivated for the imminent Obama impeachment.

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 Divorced one like Bush February 26, 2008 I posted a question: How are we going to fix a money from money economy. Quoting that post: There is a nice chart. (A few actually). Especially this one.” And this: Total financial turnover went from $17,804 billion in 1980 to $508,456 billion in 2000. We’ve seen […]

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 […]

by rdan Goldman, Morgan to Become Bank Holding Companies In one of the biggest changes to Wall Street in decades,Goldman Sachs and Morgan Stanley, the last two independentinvestment banks, will become bank holding companies, theFederal Reserve said Sunday night. RGE Monitor carries a lot of analysis such as it is. I am going to ask […]

Joe Klein reported in September: Following the lead of his buddy, and probable Secretary of the Treasury, Phil Gramm, McCain has been a vehement deregulator. Here is the deathless quote: “Opening up the health insurance market to more vigorous nationwide competition, as we have done over the last decade in banking, would provide more choices […]