Category: News

Michael Barone asks the right questions, we offer the right answer
If Republicans had three House members or one Senator as smart as Michael the GOP would be unstoppable this fall.
No such luck.
Barone, writing today, on financial reform is right on all three points he raises in his piece.
First, Republicans must offer their own agenda [...]

Gabcast! Richard Vigilante on the Grandy & Andy Morning Show

This Sunday, New York Times Magazine is publishing a story titled: HEADING OFF THE NEXT FINANCIAL CRISIS (Hat tip Mike Allen at Politico). In the piece New York Times economics columnist David Leonhardt looks at the idea of preventing the next financial crisis, or at least making it less damaging. He includes a conversation he [...]

Listen right here to Richard Vigilante on Business for Breakfast, explaining the ongoing problems with our financial systems – and the reason we’ll see more market crashes in our lifetimes:
Gabcast! Richard Vigilante on Business for Breakfast

Ok, let’s take the Dodd bill point by point, using the summary written by Dodd’s own committee staff.�
1)Creates “a strong consumer protection watchdog” which though housed in the Fed will be able to “autonomously write rules for consumer protection.”�
Dodd’s justification: “The economic crisis was driven by an across-the-board failure to protect consumers”�
Our Take: Imprudent “pro-consumer” [...]

Forget how sleazy this is. How stupid is it than someone with this kind of access is BUYING AIG in January 2008. Just goes to show how hopeless any regulatory solution is. This woman, along with Dodd himself, has privileged access to the best information available to the government. She is chief counsel to the [...]

We think Geithner et al are wrong and that unemployment will decline substantially this year. Both theory and experience argue business investment not consumer spending is the essential driver of recovery. Now that most businesses of significant size can borrow again investments that have been postponed for almost two years now have to come soon.
 If [...]

There will be other financial disasters – and just as Andrew Redleaf predicted the last one more than a year before it happened, the next one will be both predictable and avoidable. Find out how by reading Panic.

Listen right here to streaming audio of Richard Vigilante on the Dennis Miller Show, talking about governmental involvement in the financial collapse:

Sorkin has the politics of this exactly right

Arguing over the street address of the consumer financial protection  agency makes the GOP look dumb and on the take. (Sort of like real life.) There are really principled and therefor persuasive arguments against a consumer agency, like “consumer protection” in the form of forcing banks to make [...]