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

Crony Capitalism And Its Variety Of Flavors

I can’t help but think that Romney’s newly invigorated crony-capital (e.g., Solyndra) schtick is very much a double-edged sword for him.  I mean, isn’t he the candidate who, notwithstanding his claimed concern about the federal deficit, refuses to support the proposed elimination of the federal government’s subsidies to the oil and gas industry, and who […]

Romney’s VERY Private Equity (with UPDATE)

By now there’s been a lot of discussion in the media about the Vanity Fair and Associated Press exposés of Romney’s and his wife’s offshore bank accounts, to the limited extent that information about them is publicly available.  Romney is now likening overseas bank accounts and shell/money-laundering corporations to investing in real overseas companies—as if […]