This will be very quick: all the hand wringing going on within the Republican party concerning the cost of the stimulus plan is, frankly, absurd. The sudden conversion to fiscal conservatism is political grandstanding of the first order. All any half way competent commentator has to do is to look at the impact of the […]

And then , of course, just as I say the administration is probably going to play it safe until after the stress testing has finished they send out a stern warning. Here’s the New York Times story: Latest Plan Could Give U.S. a Voting Stake in Banks So the nationalization saga continues. The cloud of […]

First take a quick look at this news item from Market Watch: U.S. pledges to provide ‘capital buffer’ for banks It seems as if the administration is saying everything it possibly can to calm the stock markets down and allay fears of nationalization. The Capital Assistance Program is apparently being put forward as a source […]