DECEMBER 28, 2011 When is a loan between central banks not a loan? When it is a dollars-for-euros currency swap. By GERALD P. O’DRISCOLL JR.Mr. O’Driscoll, a senior fellow at the Cato Institute, was vice president at the Federal Reserve Bank of Dallas and later at Citigroup. EXCERPT FROM THIS ARTICLE: First, the Fed has […]
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DECEMBER 28, 2011, 7:28 A.M. ET The Fannie and Freddie Hate Storm A dubious prosecution but it helps set the record straight. By HOLMAN W. JENKINS, JR. EXCERPT FROM THIS ARTICLE: So where ultimately do Fannie and Freddie rank amid the confluence of ridiculous subsidies, private-sector opportunism and ungovernable global capital flows that contributed to
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DECEMBER 16, 2011 And the Crisis Winner Is? Government From Greece to Washington to New York state, there’s no effective mechanism to control spending. By DAVID MALPASS Mr. Malpass, a deputy assistant Treasury secretary in the Reagan administration, is president of Encima Global LLC EXCERPT FROM THIS ARTICLE: Governments on both sides of the Atlantic
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DECEMBER 19, 2011 The Speaker’s defense is hurting him as much as his $1.6 million payday. Newt Gingrich’s opponents aren’t letting up in their criticism of his lucrative ties to the failed mortgage giant Freddie Mac after he resigned as House Speaker in the late 1990s. More damaging to his Presidential candidacy is that Mr.
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Published on The Weekly Standard (http://www.weeklystandard.com) Occupational Therapy A movement custom-designed to hurt liberals. Noemie Emery December 19, 2011, Vol. 17, No. 14 “God, I love ’em,” wrote Eugene Robinson in the Washington Post not long after the glorious dawning of Occupy Wall Street, saying that the protests “arise at just the right moment and
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DECEMBER 23, 2011 What Fannie and Freddie Knew The SEC shows how the toxic twins turbocharged the housing bubble. Democrats have spent years arguing that private lenders created the housing boom and bust, and that Fannie Mae and Freddie Mac merely came along for the ride. This was always a politically convenient fiction, and now
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DECEMBER 12, 2011 In the U.S. mortgage crisis and the European sovereign debt crisis, bad policies subsidized bad investments. By L. GORDON CROVITZ EXCERPT FROM THIS ARTICLE: The reason prosecutors can’t prove criminal intent is that in many cases the bankers were simply trading in compliance with the regulations governing them. Art imitates life, even
FINANCIAL REGULATION: WORSE THAN A CRIME Read More »
DECEMBER 1, 2011 MF Global and the new era of crony capitalist regulation. More than $1 billion of client money is still missing at failed brokerage MF Global, according to the bankruptcy trustee’s latest estimate. At Thursday’s hearing of the Senate Agriculture Committee, the company’s principal regulator will try to explain how his agency failed
MR. CORZINE AND HIS REGULATORS Read More »
ZBIGNIEW BRZEZINSKI, CARTER’S NATIONAL SECURITY ADVISOR ON MSNBC, DEC 2, 2011 U.S. AMONG THE MOST SOCIALLY UNJUST NATIONS WORLDWIDE Visit msnbc.com for breaking news, world news, and news about the economy
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US NEWS & WORLD REPORT December 1, 2011 by Rick Newman The bank bailouts in 2008 and 2009 were controversial because wealthy bankers seemed like the last people who needed help. Now, the Federal Reserve and other central banks are rescuing one group held in even lower regard than bankers: politicians. [See 11 dates investors need
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