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

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The Wrong Crisis

…imply that the original Paulson plan could work without a huge transfer from the public to banks. However, they don’t make sense.ù Furthermore they are totally false for two more…

2005 Federal Housing Finance Reform Act

…such a firm ideological position at the White House and the Treasury and the Fed,” Mr Oxley says. When Hank Paulson joined the administration as Treasury secretary in 2006 he…

How Not to Build a Bailout Proposal

…efficient and more likely to succeed—are willing to give Paulson/Bernanke a chance to be immortalized, even knowing that the odds are rather higher than Brad DeLong hopes that the immortality…

Panic, not even at the Disco

…John McCain announced he was suspending his presidential campaign to try to wrestle the bailout to the ground. The message is the same as the one sent by Hank Paulson

Now is the time to start worrying

Remember that plan of Patrick Ruffini’s, that McCain should run against whatever plan is developed: For McCain and other Republicans, voting “no” on Paulson without accepting the consequences of that…

The Buffett Buffer

…deal Ben and Hank made with AIG and said to himself “I can do that too”. This also relieves Paulson’s conflict of interest. I wonder if his attitude will change….

Your Urgent Help Needed

…this transaction. After I receive that information, I will respond with detailed information about safeguards that will be used to protect the funds. Yours Faithfully Minister of Treasury Paulson —…

The Safest Senator

…Kohole in comments]—about a 50% margin in both cases. A few fewer dollars from Hank Paulson’s brethren four years from now aren’t going to cost him anything but bragging rights….