Worth a Look
Amity Shlaes offers more than rhetoric on the government spending crowding out private employment.
Is it still predatory lending if the borrower has, you know, an army? Michael Hirsh says Goldman is the meanie and that poor little innocent Greek government got suckered. This is a real test of whether liberals will ever hold government responsible for anything?
Well grounded piece contrasting Obama’s policies to Clinton’s
John Hussman tracks the rise of the taxpayer bailout of Fannie and Freddie toward $1.5 trillion. One more illustration of the problem with bailouts as opposed to orderly shutdowns. Because it’s government money, mortgage holders insured by the twins are getting 100 percent of remaining principal on foreclosed mortgages. That’s what their insurance contracts with the twins promised, but absent a bailout their “insurers” would be broke and the mortgage holders would have to negotiate a haircut. Uncle Sam doesn’t do that
Tags: Andrew Redleaf, Richard Vigilante, Whitebox, WSJ
