Month: March 2009

The reference is obviously to the melt-down of the financial markets. The numbers are simply incomprehensible and I think many of us have trouble in conceptualizing what they really mean. There are references to numbers much...

I’m just guessing, but I think this story is going to get a lot more favorable treatment in Left Blogistan than the toxic assets plan received yesterday. The Obama administration will call for increased oversight of...

. Million French workers join fresh protest PARIS (AFP) – More than a million angry French workers took to the streets in a nationwide strike to force President Nicolas Sarkozy to boost wages and protect jobs as the...

For proponents of bank nationalization as a panacea for our problems, it should be pointed out that the FDIC nationalized IndyMac last year. They just sold it (after failing to find any larger banks that would buy it) to a...

The Obama administration needs to get their shit together on the banking problem. They leaked details of the toxic-asset plan to the New York Times and let it be known that more details will be forthcoming as soon as Monday. But...