George Will, guest-posting chez Berube: But hope is not a financial plan, and rewards come only to those who work for them. It is time for the Democrats to grow up, learn the lessons of adulthood, and begin dismantling a tax system which creates so many disincentives to wealth creation. Justice demands that bonuses must […]

For those wanting a slightly shorter version of the post below, here’s 11:15 of video dealing with how the Bad Banks got that way:

UPDATE: Credit where due category: H/T to Felix Salmon for pointing to this chart at bignose.org, which gives you borrowings relative to GDP. I often hate line graphs, especially when they include outliers that skew the axis, making it virtually unreadable. (This may be a result of seeing several papers this semester with Chilean/US$ exchange […]

Via Dr. Black, Alpha Bank and Trust of Alpharetta is now FDIC-owned. In related news, PNC is paying about $5.6 billion for midwest-based National City, which was a major player in subprime until everyone realized they weren’t any good at it. As noted previously, the claim was that monies given to “regional leaders” such as […]

Right now, Hank Paulson has two choices. or Right now, he claims to be pushing toward the second, but isn’t getting out of the cab.