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The Treasury Department Fights the FDIC … Stay Tuned!

OK this is fun. This is leadership we can believe in: Paulson, Bair clash over aid to troubled homeowners – MarketWatch That’s right. Sheila Bair from the FDIC and Hank Paulson from our heroic Treasury Department [aka an annex of Goldman Sachs] openly disagreed on a fundamental part of the ongoing strategy to jump start […]

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Housing Tanks Even More

For those of you who need a ghoulish fix on economic data. Here’s a morsel: Home builders’ mood shows more anguish than ever – MarketWatch Yes that’s right. The National Association of Home Builders began tracking their members attitudes towards their industry’s outlook in 1985. Like a lot of people they publish an index to […]

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Yet More on GM and The Reagan Illusion

There’s some good stuff in this article in today’s New York Times:On Washington – The Great Bailout Debate We need clarity, and given the ridiculous nature of American transitional politics we won’t get any. Right now we need leadership … oh well. The fact remains that saving GM is a hopeless cause. It’s a dead […]

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