Financial Meltdown

OBAMA’S MISTAKES

Published on The Weekly Standard (http://www.weeklystandard.com) Neither Roosevelt nor Reagan How Obama blew his opportunity. BY Noemie Emery August 2, 2010, Vol. 15, No. 43 When he signed the health care reform bill earlier this year, Barack Obama gave progressives the prize they had aimed at for seven-plus decades, an event they compared to the […]

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CANADA – LAND OF CONSERVATISM!

AUGUST 9, 2010 Canada, Land of Smaller Government Its corporate income tax rate is 18% and falling. America’s is 35%. By JASON CLEMENS When Americans look to Canada, they generally think of an ally, though one dominated by socialist economic policies. But the Canada of the 1970s and early 1980s—the era of left-wing Prime Minister

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RUMORS OF A “BACKDOOR STIMULUS”

AUGUST 6, 2010 An Argentinaville Stimulus? Wall Street comes to life with rumors of a back-door stimulus. It’s August, so one expects the vapors to fill with humid and overripe rumors. But the ride given yesterday to rumors that the Obama Administration is planning an “August Stimulus Surprise” was remarkable even by the sodden standards

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THE RULES OF THE GAME—THE DODD/FRANK BILL

AUGUST 5, 2010 Geithner’s Hollow ‘Speed’ Pledge to Business To reduce uncertainty, the Treasury secretary says Dodd-Frank regulations will be implemented quickly. That can’t and won’t happen. By GLENN HUBBARD AND HAL S. SCOTT Businesses must know the rules of the game before risking their capital. And so, in his speech at New York University’s

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MORT ZUCKERMAN COMMENTS ON TIM GEITHNER’S UPBEAT ASSESSMENT

More Business Mort Zuckerman Responds to Tim Geithner by Mort Zuckerman Info August 4, 2010 Mortimer B. Zuckerman is chairman and editor in chief of U.S. News & World Report and publisher of the New York Daily News. He is also the co-founder and chairman of Boston Properties Inc. He is a trustee of the

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REWRITING THE HISTORY OF FANNIE AND FREDDIE

AUGUST 3, 2010 Rewriting Fannie Mae History The effort is underway to resurrect the biggest housing losers. If you want proof that the Washington establishment has learned nothing from the 2008 financial panic, look no further than the nearby letter from former Fannie Mae CEO Franklin Raines. Our old antagonist is signaling where the debate

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NEW FINANCIAL REFORM BILL – TRANSPARENCY LOST

Hapless SEC can now hide its secrets Examiner Editorial July 30, 2010 Independent financial fraud investigator Harry Markopolos has said the SEC is not only “financially illiterate” but it is also “captive to the industry it regulates.” (Susan Walsh/AP file) “No one will know until this is actually in place how it works,” said Sen.

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SMALL BUSINESS JOBS ACT – OBAMA’S WEAK ATTEMPT TO PROVE HE IS NOT ANTIBUSINESS

JULY 30, 2010 Son of TARP More politically directed credit, this time for small banks. President Obama has been trying to rebut the claim that he’s antibusiness by promoting something called the Small Business Jobs Act, which would provide loans and temporary tax cuts to small businesses. If you’ve been paying attention over the last

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WANTON CREDIT CREATION AND ITS AFTERMATH

Published on The Weekly Standard (http://www.weeklystandard.com) Easy Credit, Hard Landing The financial insights of Raghuram Rajan. BY Christopher Caldwell July 26, 2010, Vol. 15, No. 42 EXCERPT FROM THIS ARTICLE:   The problem was not so much the amount of collateral people got access to through home-equity loans;  it was that they were not well-enough vetted

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