All the chatter in the market this morning is about relief over the ebbing of fears of nationalization. At the end of last week and through the Sunday ‘punditry’ shows the drum beat for nationalization was growing. The culmination of this was the odd sight of George Will and Paul Krugman pretty much agreeing that […]

With the drop in bank stock prices today, Citi and Bank of America both lost about 20% of their value, it will not be long before nationalization is inevitable. Two key Senators, Dodd and Schumer, both have made comments today that they could see nationalization as a distinct possibility. Meanwhile the market is surely signaling […]

I have been accused by some of you for having been too general in my listing of causes of the current mess, particularly with respect to the financial side of things. So here is my interpretation of the list given during a speech by Alan Blinder of Princeton University. He spoke last November 11th, but […]