NYTimes Takes on “The Big Lie”
I am please to report that calling out the Big Lie has now gone fully mainstream. Recall last month, I had two Big Lie columns in the Washington Post: • What caused the financial crisis? The Big Lie goes viral. • Examining the big lie: How the facts of the economic crisis stack up The...
I agree with Michele Bachmann
Well, at least about this one thing: She and I are quite sympatico — at least when it comes to criticizing the Bush troika (Bush/Paulson/Bernanke) for the absurd bailouts of failed banks: “The Bush administration … was embracing a kind of ‘bailout socialism,’ ” wrote the Minnesota congresswoman, who is running for the GOP presidential...
Government Blameless in Bubble/Bust/Bailouts?
Reason has a critique of The Big Lie column. It was so disingenuous, I did something I rarely do: I sent an email to the author and editors at Reason. It went something like this: I was disappointed to read your comments about my “Big Lie” column. You seem to have completely misread who I...
WSJ: Fact Checking Romney
The WSJ called out Mitt Romney for repeating the Big Lie in the CNBC Presidential debate: “Markets work. When you have government play its heavy hand, markets blow up and people get hurt,” Mr. Romney said, blaming Democrats for rules that he said force banks to make ill-advised loans. Some conservative academics have said that...
Forget TARP: Wall St Borrowed $1.2 Trillion from Fed
> I continue to be of the mind that the Wall Street Bailouts were misguided, and that a massive Swedish style reorg would have been the best thing for the nation and the economy in the long run. Both Uncle Sam and the Fed would have provided the broad based debtor in possession financing required,...
Robin Hood in Reverse: Bank Bailout Bonanza Heats Up
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Source:
“Robin Hood in Reverse”: Bank Bailout Bonanza Heats Up (Again)
Aaron Task
Daily Ticker, August 12, 2011 http://finance.yahoo.com/blogs/daily-ticker/robin-hood-reverse-bank-bailout-bonanza-heats-again-134220127.html
How the Fed Got Itself Boxed In
Yesterday morning’s comments (Random Thoughts: Recent Trading/Market Activity) began with this bullet point: “This entire crisis traces itself back in large part to then FOMC chair Alan Greenspan not allowing markets and the economy to flush themselves clean after the dot com collapse. It seems that nearly every Fed/Government policy action has been a response...
Harvey Pitt, Regulatory Expert
Here is a laugher: Dealbook is reporting that former S.E.C. Chairman Harvey Pitt is now criticizing Dodd-Frank. The giant SEC FAIL of the past decade traces, in no small part, to the great work of Mr. Pitt. As a reminder of Pitt’s sterling ethics and his service to the investing community, I give you this...
Harvey Pitt, Regulatory Expert
Here is a laugher: Dealbook is reporting that former S.E.C. Chairman Harvey Pitt is now criticizing Dodd-Frank. The giant SEC FAIL of the past decade traces, in no small part, to the great work of Mr. Pitt. As a reminder of Pitt’s sterling ethics and his service to the investing community, I give you this...
Harvey Pitt, Regulatory Expert
Here is a laugher: Dealbook is reporting that former S.E.C. Chairman Harvey Pitt is now criticizing Dodd-Frank. The giant SEC FAIL of the past decade traces, in no small part, to the great work of Mr. Pitt. As a reminder of Pitt’s sterling ethics and his service to the investing community, I give you this...
Harvey Pitt, Regulatory Expert
Here is a laugher: Dealbook is reporting that former S.E.C. Chairman Harvey Pitt is now criticizing Dodd-Frank. The giant SEC FAIL of the past decade traces, in no small part, to the great work of Mr. Pitt. As a reminder of Pitt’s sterling ethics and his service to the investing community, I give you this...
Harvey Pitt, Regulatory Expert
Here is a laugher: Dealbook is reporting that former S.E.C. Chairman Harvey Pitt is now criticizing Dodd-Frank. The giant SEC FAIL of the past decade traces, in no small part, to the great work of Mr. Pitt. As a reminder of Pitt’s sterling ethics and his service to the investing community, I give you this...
