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...
Russia’s stock market has lost 46% of its value since May, with most of the loss coming on the heels of its war in Georgia, sez the New York Times....
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...
