Tag Archives: financial crisis

Wall Street CEOs Roasting on an Open Fire

Here’s the secret: when asset prices are advancing like crazy, and you’re investing someone else’s money, you don’t EVER want to be the guy who calls the top too early. It’s bad, but not terribly bad, when everyone in the world loses money at the same time. But it’s an unpardonable sin on Wall Street to lose money while everyone else is still gaining.

What Happens When Washington Becoms Hyper-Intrusive?

Well, among other things, college costs become less affordable for students and their parents:

Naked Short Selling and the Financial Crisis

Today’s podcast focuses on the controversy over naked short selling, prompted mostly by leftist Rolling Stone reporter Matt Taibbi’s coverage of the financial crisis, and whether or not the practice is actually to blame for a whole slew of terrible things — including the demise of Lehman Brothers.

Hank Paulson, Master of Disaster

Francis Cianfrocca joins Ben Domenech for the Tuesday, September 1st edition of Coffee & Markets. Today’s podcast focuses on Todd Purdum’s Vanity Fair profile of Henry Paulson, which contains some fascinating anecdotes about Paulson’s time during the financial crisis.

More on Fed Policy

This morning’s podcasts have drawn a few comments, so I thought it might be a good idea to respond generally.

Tim Geithner Shoots the Messenger

Tim Geithner’s legacy as Treasury Secretary will depend on what he does to overhaul the regulation of the financial system. When things go really awry and your job is to make sure that never happens again, you have a choice of two basic approaches: you can try to understand and address the sources of the problem; or you can shoot the messenger. According to the headlines, Geithner is focusing on the latter.

Have We Reached the Turning Point?

Are we at a turning point in the current crisis? The problem in answering is that it’s been all too easy for many people to assume that if we fix the financial crisis, we’ll fix the economic crisis. I’m not convinced of this.

We’re Being Rolled

Peter Feaver surveys the diplomatic landscape. What he sees should disturb those who thought that the Obama Administration would be staffed with masterful diplomats:

Bailout!

How economic decisions really get made:

Government’s Role In Creating The Financial Crisis

Peter Wallison doesn’t toe the line of conventional wisdom when it comes to discussing the cause of the financial crisis. That’s a roundabout way of saying that he speaks truth:

Grading Obama’s Economic Policy

President Obama has to deal simultaneously with two competing economic-policy objectives. These objectives are in conflict with each other, and judging from his recent comments, Obama is having trouble holding both of them in his mind at the same time.

The Desperate Search for an Economic Policy

It would be refreshing if someone big and important stood up to say that policymakers really haven’t a clue how to improve the economic and banking crises. But no one in a position of political authority is apparently willing to do so, least of all the New Masters of the Universe in Washington. Therefore, the task falls to me.

- March 19, 2010 -

MORE LEDGER

ELSEWHERE ON TNL

DAILY READS

MARKETS & POLICY

The WHIP

HEGEMON

CHEQUER BOARD