Tim Geithner. Larry Summers. Indeed, the response of Summers and his protege to the crisis has been so transparently inept it's almost enough to make me question the sexist just-so stories the Smartest Human Being Alive used to justify his atrocious record of attracting and...
the Bush depression
Shorter Verbatim A.I.G. head Edward Liddy: "We cannot attract and retain the best and the brightest talent to lead and staff the A.I.G. businesses — which are now being operated.
I have to agree that it's not accurate to say that John McCain is as bad as Herbert Hoover. He's much worse. And while the Obama administration is certainly infinitely.
Tim Duy: For Bernanke and Geithner, there are no bad assets. Only misunderstood assets. Alternative:The saddest part of policymakers who cling to the notion of intrinsic housing values is that economists long ago rejected the notion that such prices existed when they rejected the labor...
Shorter James Cramer: Anybody who believes that merely having a business run so incompetently that you require a massive taxpayer bailout should preclude bonuses is a communist. And let's be.
Adjustable rate mortgages more likely to default! A pretty shocking development -- I don't think anybody could have ever predicted that they would be used by people who couldn't actually.
The fact that more than two and a half million jobs were lost in 2008 proves that upper-class tax cuts are great economic policy. And thank God we took the advice of the great Alan Greenspan and didn't pay down the debt too quickly; that...
I think this article by Jon Cohn is very important. There are two points here that I think should be emphasized. First, I do think that there's a tendency to.