Remember the argument that we shouldn’t tax people because they’ll just move elsewhere? The British government appears not to believe it. Will the Geithner/Summers axis continue lying that “we can’t…

…payments. The firm gave the Beckers a new, 30-year mortgage at 5 percent interest. If anyone in ObamaNation wonders why the voters hate the bailouts, go read the whole thing….

I’m just going to “Go Thoma” on him, since I can’t find anything to cut: Barack Obama tells us we should not investigate American intelligence agents or their overlings who…

Suppose I told you that there was a crisis with a stock, say, GE. That the price of the stock had dropped around 75% in the past year. And you…

Via Instaputz, an explanation of why stealing tax dollars in order to decouple securities from the assets they are allegedly securitizing is A Really Stupid Idea, presented directly, yet also…

The idea that they aren’t inviting Yves, CR, and Roubini onto the calls either led me to wonder for a moment if there was another factor in the invitations. But…

Via Robert’s Twitter Feed, and to avoid ranting about 401(k)s before the end of May, here’s a Rant Well Worth Reading. (Warning: PG-13 or R rating; D. Aritophanes channels The…

Effect Cause…

Ken Houghton wants to sidebar today into looking at the general application and implications of an Accounting Identity: Assets = Liabilities + Equity (A=L+E, or the ALE Rule). Let us…

Following up on Robert’s post (he started later and finished earlier): Dr. Black: [T]he idea that all this came about simply because the banksters decided a bit of extra risk…