denriddy

What Kind of Government Support Will Fannie and Freddie Get?

Yeah. Stay long, DeLong.

>Bernanke and Paulson have asked for additional regulatory authority:
>They should get it.

Oh, I think they will be getting some "additional regulatory authority" sooner or later--from the only regulatory authority this country has ever had since its somewhat messy inception. I think they're going to learn what "regulatory authority" actually means.

Why Wall St. Needed Credit Default Swaps

Outstanding analysis and article. Thank you for taking the time to demystify these shell games, and to explain them in clear, understandable terms.

In more civilized times, people who conducted "business" that way were horsewhipped or hung. Today they run the world.