The Radford Free Press – Page 488 – All life is problem solving.

Chrysler

June 10, 2009

I would be remiss if I did not not note that the Supreme Court cleared the way for the Fiat deal to go through. So I am forced to withdraw my comments about the interfering nature of lawyers, and the way in which they can add cost but no value to deals like Chrysler’s. Well […]

Economics / Economics, Keynes, Keynesian economics, Minsky, New Classical Economics, Paul Krugman /

Economists Go to War

June 10, 2009

Well sort of. One of the wonderful aspects of the current crisis is that economists are having to confront reality for a change. That might sound odd, but when you consider that most academic economists have not one whit of experience in the messy goings on of a real economy it takes on a delicious […]

Economics / banking, Citibank, TCE, Tier 1 Capital /

The Citibank Fudge

June 10, 2009

This is why you should not believe a word a banker tells you. Alternatively, bankers seem all to aspire to careers as illusionists. Today we are told that Citibank has reached an agreement with the government to convert most of the preferred stock the government acquired when it saved the bank fro collapse. The conversion […]

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