Bankruptcy

MEGA-BANKS AND THE NEXT FINANCIAL CRISIS

MARCH 19, 2011 Hedge-fund manager Paul Singer recognized the risks of subprime mortgages and bet against them. Now he warns that monetary policy could cripple American banks again. By JAMES FREEMAN At the height of the housing bubble, hedge-fund manager Paul Singer was shorting subprime mortgages. By the spring of 2007, he was warning regulators

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KRAUTHAMMER – THE LOCKBOX IS EMPTY

Charles Krauthammer: It’s still an empty lockbox By CHARLES KRAUTHAMMER 2011-03-17 Last week, President Obama’s budget chief, Jack Lew, took to his White House blog to repeat his claim that the Social Security trust fund is solvent through 2037; and to chide me for suggesting otherwise. I had argued in my last column that the

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THE GREAT INTERVENTION OF 2012

March 17, 2011 By F. Owen Smith America has become dependent on social steroids, the kind pushed under the street-name HGH, standing for Huge Government Handouts. The steroid metaphor is so aptly drawn as to make it irresistible, so with your permission I’ll develop it. Hold a photograph of the Twenties strongman Charles Atlas next

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WISCONSIN’S NEWEST PROGRESSIVE

FEBRUARY 26, 2011 The Republican governor wants a new social contract. By JOHN FUND The state Capitol building in Madison has been occupied round-the-clock by protesters for nearly two weeks. Fourteen Democratic state senators are still on the lam, refusing to allow a vote on a budget-repair bill. And Gov. Scott Walker has been called

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MITCH DANIELS – THE GOVERNOR WHO CUT HIS STATE DOWN TO SIZE

FEBRUARY 26, 2011 By NEIL KING JR. Corrections & Amplifications Indiana Gov. Mitch Daniels favors a dramatic reworking of Social Security benefits, but not for those who would enter the system in the next 10 or 15 years. This story doesn’t make clear that the changes wouldn’t apply to those receiving or about to receive

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AFTER OBAMA, THE DELUGE – VICTOR DAVIS HANSON

February 24, 2011     By Victor Davis Hanson President Obama established a bipartisan debt-reduction commission — and then ignored its findings, which called for unpopular reductions in entitlements and across-the-board spending cuts. His first two budgets led to the largest deficits in U.S. history. The ensuing $3 trillion dollars in red ink prompted the tea party

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NEW YORK’S CUOMO’S MEDICAID WARNING

FEBRUARY 22, 2011 The New York Governor tries to clean up Tammany health care. One under-reported story of 2011 is the revolt of the Governors, who are looking in horror at ObamaCare’s permanent expansion of Medicaid and begging Washington for more flexibility. The White House is telling them to kiss off, though less expected is

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