Month: March 2009

As I said in an earlier post on my blog today, yesterday I went with a group from Full Circle Theater on a tour of both the East and West campuses of St. Elizabeths, washington DC’s historic Mental Institution campus. Dr....

Or, should I say, wimp of the day? Sen. Kent Conrad (D-N.D.), chairman of the Senate Budget Committee, said on Sunday that he would not support using budget rules that require a simple majority to pass major changes to...

So, as you surf the intertubes trying to make sense of the financial crisis and the administration’s response to it, who are the sources that make the most sense to you, or who does the best job of describing what’s...

Like most non-economists I have been following the financial crisis with some bemusement and no little concern.  The numbers seem so staggering as to be beyond imagination.  The financial instruments so exotic as to be...

As Matt Taibbi explains in his excellent Rolling Stone piece on AIG: In theory, at least, there’s nothing wrong with buying a CDS [Credit Default Swap] to insure your investments. Investors paid a premium to AIGFP, and in...