Hero Of Wall Street
Fed Chairman Ben Bernanke may be running for a "Hero of Wall Street" award. Last week, he threw his body -- or, more accurately, ours -- over the railroad tracks to slow an onrushing Bear Stearns trainwreck.
HuffPost's QuickRead
My Ode to 2008
2008 offered quite the election, with both parties fighting to set our nation's direction. It took forever for Hillary Clinton's concession, and Reverend Wright was not a good connection.
Bush's Legacy of Failure
Once again there was our president, presiding over disasters in part of his making and on his watch, grinning with an aplomb that suggested a serious disconnect with existing reality.
Time to Buy Gold Bars?
The acrobatics of the Bear rescue suggest the depths of the abyss that our financial leadership has dug for us. Does anyone believe that this is the last time we will hear Fed sirens wailing in the night?
Total Bailout Bill = $900 Billion
Think about that for a minute. $900 billion dollars, racked-up before your very eyes. This at a time when the federal government is already bleeding money.
Lehman Brothers Too Big To Fail? Don't Count On It
Wall Street is in a full meltdown. Bear Stearns is gone, so the markets are wondering who's next. The leading contender? Lehman Brothers.
What Do Business Schools Teach Now?
If business schools don't change -- fast -- they'll become like military academies after the first world war: discredited and obsolete.
Finding the Toilet in Stockholm
Last week a mix of water and sanitation experts gathered for World Water Week in Stockholm, Sweden to mull over the world's biggest public health crisis. The problem is that not enough people paid attention.
Scrap the 401k?
Scrap the 401k, not because the it's flawed, but because the opportunity that exists with multi-family real estate, which will produce incredible returns while protecting retirement dollars.
Socialism for Wall Street, Capitalism for Main Street
Reagan is often looked upon as the Republicans' FDR. But Reagan sold the nation a bag of goods. We can finally see clearly the failed results of this three-decade experiment in laissez-faire capitalism.
Subsidizing Corporate Crime and Rewarding Constitutional Abuses
Controversial government programs are theoretically restrained by checks and balances, but neither Congress nor the courts have a way to check a secret program.
George Bush Becomes a Socialist
What happened, I thought the government was unnecessary? I thought "unfettered" markets would do their magic if you just deregulated them. Why are you fettering?
Eliot Spitzer, George Bush, and Wall Street: Hey, NY Times: What's The Real "Breaking News" Story?
While I am not condoning Spitzer's use of prostitutes, what I am suggesting is that perhaps we should not be so quick to celebrate Eliot Spitzer leaving the American stage.
Greed in the Economy: It's the Morality, Sinner
Our financial collapse is the fiscal consequence of the economic philosophy that markets are always good and government is always bad. But it is also the moral consequence of greed.
Britney and the Bear: Who Says You Can't Get Good Help Anymore?
We have not seen the last bailout in this crisis. If the public is going to pay for them, as we think it must, it should also get paid back for them.
Bush Three Is Wrong -- Is Clinton Three Any Better?
I encourage the Democrats of the state of Pennsylvania to cast their vote tomorrow for Barack Obama. He will end this war.
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Sweet, great writeup....I loved the facts, too bad the MSM is in bed with the Bushies....Too bad reporters are afraid to report REAL NEWS....It is so much easier to speculate about who killed rich white blonds than report on the reality of the epidemics of gun violence and healthcare and what the rational solutions are for both...
Thank you, Mr. Beinhart, for illucidating what many of us sense so keenly. The really scary thing is that so many Americans would not even put forth the effort to read this article, let alone try to understand the truths herein. I fear it will take that really nasty slide to the teetering edge of the cliff to convince some.
All indicators point to an election decided on economics, not pigs and lipstick! I think Mr. Obama's tax plan, while not perfect, would be a step in the right direction.
Well done on a macro level...
The lipstick on the pig was the mortgage secondary market. Combine your macro analysis with the bs teaser ARM loans, the interest rate adjustment, the lowering of Fannie and Freddie lending guidlines and the ultimate greed of Wall Street ( I want them to make money but not irresponsibly)..to do deals putting everything but the $500 loan I have for my brother into them...and sell them to retirement funds other dealers etc...what a catastrophe.
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