A life in words

  • When Vader Bails People Out…

    Raghuram G. Rajan, former chief economist at the International Monetary Fund said: Where are the titans of the financial sector at this point? Why aren’t they coming together in a room at the New York Fed and saying, “This is a severe crisis for the financial system and we are going to put up some…

  • More Options

    Brookings Institution: Concerns about the Treasury Rescue Plan

  • Power Grab

    The Paulson Plan is a dud. No, wait, I take it back. It’s not a dud; it’s a naked, heinous reach for power; it’s a very public, very pricey Gentlemen’s Club asking for government financing; it’s not just unnecessary, it’s a swindle. Lessons from Fiction To a degree, this is an example of life imitating…

There is nothing I dread so much, as a division of the Republic into two great Parties, each arranged under its leader and concerting measures in opposition to each other. This in my humble apprehension is to be dreaded as the greatest political evil under our Constitution.John Adams, Letter to Jonathan Jackson, 2 Oct 1780