By DLB on December 22, 2010
I was skeptical when I heard that Bethany McLean had a book coming out about the financial crisis. McLean made a name for herself with her cartoonish book and film documentary about Enron, The Smartest Guys in the Room. And while society seems to get a kick out of people becoming rich and famous by ...read this post
Posted in Book Reviews | Tagged AIG, economic crisis 2008, Enron, Fannie, Freddie, Goldman Sachs, Greenspan, Merrill Lynch, Stanley O'Neal
By DLB on August 18, 2010
A random trip around the horn makes for a fun blog, but not if every spot I stop at around the horn leaves me disgusted. Such is the case today.
In Washington D.C. policymakers argued this week that the way to fix the largest debacle in the history of the United States Treasury (Fannie and Freddie) ...read this post
Posted in Politics | Tagged Barbara Boxer wants to be called maam, Carly Fiorina, Fannie, Freddie, GM
By DLB on June 23, 2010
That some degree of regulatory reform is in order after the financial debacle of 2008 is incontestible. I do not know a conservative or a liberal who believes that every single part of the system is fine as is (or as was). However, the Senate and the House are currently in conference for ...read this post
Posted in Economics, Politics | Tagged Barney Frank, consumer protection, credit default swap, economic crisis 2008, Fannie, Freddie, statism, tokenism, Wall Street reform
By DLB on June 22, 2010
I committed to reading and reviewing every single serious book that is written about the 2008 financial crisis over a year ago because I am afraid of history recording lessons from the crisis that are entirely false, and because I am afraid of economists prescribing solutions that are utterly catastrophic. In a sense, my ...read this post
Posted in Book Reviews, Economics | Tagged Drexel Burnham, economic crisis 2008, Fannie, Freddie, Goldman Sachs, Great Depression, housing collapse, IMF, Leviathan, Michael Milken, Savings and loan crisis, Simon Johnson, TARP, Thomas Jefferson, too big to fail, unconstrained vision, Wall Street
By DLB on May 20, 2010
Your Senate passed a bill today that is surpassed only by the Health Care takeover bill in its audacity and absurdity. I refer to the Financial “Reform” bill in which the entity that single-handedly built the housing bubble, single-handedly caused the credit crisis, single-handedly destroyed the mortgage-lending business, and single-handedly dampened the most innovative ...read this post
Posted in Economics, Politics | Tagged Chris Dodd is an idiot, Fannie, Financial reform, Goldman Sachs, HAMP, TARP
