Right now, the US financial crisis is at a critical point. Fannie and Freddie are basically insolvent. They guarantee $5 trillion in mortgage debt. A cascading default scenario would bankrupt the US....
Read MoreKevin Drum on that $5 trillion cockup… And while we’re on the subject, isn’t it sort of amazing that we’ve seen the collapse within a few months of Bear Stearns, IndyMac, Freddie Mac, and Fannie Mae...
Read MoreFriday evening, where bad news for the Bush Administration goes to die. And things don’t get much worse than the second largest, and most expensive bank failure in US history. In what could turn out to be the most...
Read MoreRegardless of how you feel about the Wall Street Journal’s political coverage or editorial board (and that’s a column for another day), when Wall Street’s financial paper of record talks about oil prices these...
Read MoreIn an article showing that Michelle Obama has both a better favorability rating (30-27%) and a worse unfavorability rating than Cindy McCain (35-17%), and that a majority of Americans see Cinday McCain as an unknown (56%), and...
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