FT‘s Alphaville headline: “The Fed’s Run Out of Money“. Relevant quote from the Treasury press release: The Treasury Department announced today the initiation of a temporary Supplementary Financing Program at...
Does Matt Yglesias really want this? Is he serious? In November, there’s going to be an election. And in January, there’ll be a new President. And in the interim, progressive...
Megan McArdle has a great post up looking back at what went wrong and what could’ve been done differently to avert the financial crisis we find ourselves in today. Have...
Everyone’s a-titter today about Lehman going bankrupt and Merrill being bought by Bank of America. These are not minor events to be sure, but in many ways they don’t directly...
Yglesias: …the notion that it would be okay for high-ranking public officials to have no better understanding of policy issues than does the average person is bizarre. When you get...