The official line is that the Fed had to get involved and make the guarantees in order to keep the markets in order. This is not clear. It is not easy to accept Fed pronouncements these days. After all, just last year Chairman Bernanke was telling us that the problems in the subprime market were likely to be contained. It is time that the Fed comes clean with both an honest assessment of the severity of the problem and increased transparency in its behind the scenes deals with the big banks.
There is something a bit obscene about billions of taxpayer dollars going to the country's richest people, when average workers can't afford health care for their kids.
Many voting for Clinton to boost GOP
For a party that loves to hate the Clintons, Republican voters have cast an awful lot of ballots lately for Senator Hillary Clinton: About 100,000 GOP loyalists voted for her in Ohio, 119,000 in Texas, and about 38,000 in Mississippi, exit polls show.
Kristol Fails To Check His Sources, And So Bungles Key Fact In Anti-Obama Column
As the Economy Falters, So Do State Budgets
Freud on the Arab-Israeli Conflict in 1930 (Via Leiter report)
Economic- and Financial-Policy Message of the Week: Barney Frank and Chris Dodd's Vehicle
The B Word By PAUL KRUGMAN
No comments:
Post a Comment