The Radford Free Press – Page 392 – All life is problem solving.

Economics / B. of A., bailouts, banking, Citibank, Goldman Sachs, Hayek, JP Morgan Chase, Milton Friedman, Morgan Stanley, Wells Fargo /

A Mockery of It All: Wall Street, The Joke’s On Us

April 13, 2010

Here I am, late at night reading accounts of the implosion on Wall Street. We are sufficiently past the peak of the crisis that we now have a few good books that explore or describe in detail what went on. They penetrate deep into conversations and exchanges that took place at the epicenter of the […]

Economics / bailouts, bank reform, banking, bankruptcy, regulation /

The GOP Opposes Bank Reform?

April 13, 2010

Well sort of. What they oppose is the currently proposed bank reform bill that Senator Dodd has introduced. If this seems a lot like health care reform … you are correct. So far the GOP had studiously avoided saying what it thinks is good reform. All we know is that the Senate Republicans will say […]

Economics / consumption, GDP, jobs, recession, recovery, unemployment /

Recovery Or Not?

April 12, 2010

Some of you have expressed confusion at the news that the official folks who decide when a recession ends have not yet pronounced the beginning of the recovery. On the contrary they continue to mutter darkly that it’s too early to make the call. This is because there still is no concrete definition of what […]