Monday, September 29, 2008

The House votes against the bailout bill but the world does not end

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Why should the world end? I am thrilled the House voted down the bailout bill. Democracy in action. It was a misguided idea. I am sure Pauls...

Wachovia and marking mortgage loans to market

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Wachovia Finds Itself in ARMs' Way By PETER EAVIS Here's betting James Dimon isn't very popular wit...
Friday, September 26, 2008

Median home prices to median family income

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September 3, 2008, 1:38 pm Home-Price Bottom May Still Be a Year Away Home Depot Inc. CEO Frank Blake told a Goldman Sachs retai...
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Thursday, September 25, 2008

Financial Crisis

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As far as the financial crisis goes, Mr Paulson has been wrong about the crisis since it began and he is wrong now. It is not the end of wes...
Sunday, September 21, 2008

Punchdrunk Paulson

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There is no rhyme or reason to all the interventions from Washington. Why save AIG, and not Lehman Brothers? Why give JPMorgan $29 billion t...

Is Barack Obama going to make it?

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A Bad Bank Rescue

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This piece from Sebastian Mallaby in the Washington Post is excellent on why the Paulson bailout is a bad idea. http://www.washingtonpost.co...
Monday, July 16, 2007

July 2007

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Barack Obama is now at about 40% versus 44% for Hilary Clinton. What, you may ask? These are the odds on Intrade of either of them capturing...

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alt="Price for 2008 Democratic Pres Nominee(Others on Request) at intrade.com" title="Price for 2008 Democratic Pres Nominee(...
Monday, January 08, 2007

The Imperial Presidency 2.0

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January 7, 2007 Editorial from New York Times The Imperial Presidency 2.0 Observing President Bush in action lately, we have ...