Obama gives Bernanke vote of confidence - Reuters (7/26/07):
“I think that Chairman Bernanke was handed a pretty tough hand and I think some of the decisions he’s made have been the right ones.”
Bernanke’s academic work influenced some of the decisions that caused the problems in the first place. As the housing and credit bubbles […]
Hank Paulson (7/22/08):
“Obviously, it will go on beyond months with some of the issues in the housing market, but I believe we can get to the point within months where we turn the corner on housing,” Paulson said in a televised interview with Fox Business Network.
He said the corner would be turned at the point […]
Paulson braces public for months of tough times - AP (7/20/08):
Treasury Secretary Henry M. Paulson Jr. sought to reassure an anxious public today that the banking system was sound, while also bracing Americans for more troubled economic times ahead.
“I think it’s going to be months that we’re working our way through this period — clearly […]
Securities covered by SEC short sale order - Reuters (7/15/08):
The U.S. Securities and Exchange Commission issued an emergency order on Tuesday placing restrictions on the short selling of shares of certain major financial firms.
The SEC’s order will require that anyone effecting a short sale in these securities arrange beforehand to borrow the securities and deliver […]
Chairman Ben S. Bernanke - Semiannual Monetary Policy Report to the Congress(7/15/08):
the currently high level of inflation, if sustained, might lead the public to revise up its expectations for longer-term inflation. If that were to occur, and those revised expectations were to become embedded in the domestic wage- and price-setting process, we could see […]
Now this thang is jumpin’
Ain’t it somethin’?
What makes it special
This whole moment
Came from nothin’
Now you see it triples
I bet she slurp tonight
Lames hide your wallets
Hatin’ broads
Clutch your purses tight
[…]
Ugly-in here
Huh, in here
Huh, in here
It’s gon’ get ugly in here
Huh, in here
Huh, in here
It’s gon’ get
Ugly, ugly, ugly
In here
Huh, in here
It’s gon’ get ugly in here
Huh, […]
Erin Burnett interviewing Paul Krugman on the subject of Homeownership : Right or Privilege.
I can’t take it anymore. Someone text me if WaMu goes under.
Fannie, Freddie Adequately Capitalized: Lockhart - CNBC (7/8/08):
Mortgage financiers Fannie Mae and Freddie Mac are adequately capitalized and continue to be active in the mortgage market, said James Lockhart, director of the Office of Federal Housing Enterprise, which regulates the two enterprises.
“Both of these companies are adequately capitalized, which is our highest criteria,” Lockhart said […]
That would surely be a fitting political epitaph for George W. Bush: “I didn’t do it!”
The only thing that might sum up his presidency more accurately than that four-word sentence might be a choice selection of four-letter words.
Bush has precious little to show by way of achievements. In fact, to borrow a […]
Your Treasury Secretary Hank Paulson just three months ago:
“I do believe that the worst is likely to be behind us.”
At the time, I offered to have that statement tattooed on my forehead if it proved true. Well, this week saw possible insolvency in the two largest mortgage guarantors, Fannie Mae and Freddie Mac. […]
