Unfortunately, while we were all dreading the Rovian October Surprise, like bomb, bomb, bombing Iran using predator drones with smart bombs and minimal collateral damage; the real thing was an attack on Wall Street using predator lending by dumb investors with minimal collateral period.
A couple of days ago I half jokingly asked if we could [...]
Did anyone notice the sharp difference in tone and approach between John McCain and Barack Obama’s statements this morning on solutions for our Trillion Dollar financial crisis? You should have.
McCain came out this morning, well in advance of Secretary Paulson’s press conference, guns blazing. “McCain all but blames Obama for the crisis.”
He’s a Maverick, by [...]
Note: We all should know by now that “Sub Prime” really means, Really Bad Risk!
If you want to know what the hell a “derivative credit-default swap” is, or an english version of what the hell just happened and where we might end up, I’m directed to TIME and the Wall Street Journal. For some gawdawful [...]
One of the first things I heard about the Freddy Mac and Fanny Mae takeover was the suspension of all lobbyist activities on behalf of the two mortgage giants.
I didn’t hear any such shutdown order on AIG lobbyist activities, like John McCain’s National Finance Committee Co-Chair Wayne Berman.
Did I miss something or was his efforts [...]
Matt Yglesias just earned his reputation as the brightest kid in class.
In November, there’s going to be an election. And in January, there’ll be a new President. And in the interim, progressive groups will probably come up with a lot of “ten ways to make everything awesome” proposals. And it’ll take 41 conservative senators to [...]
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