Among the people who have been updating The Theory of Finance for the ObamaNation is Gregg Sommerville, whose job depends to some significant extent on people not believing the following riff:More music below the fold.The Bailout Rapand the Subprime Mortgage Blues
Via Greg Mitchell's Twitter feed, lying isn't just for the IB branch any more: Goldman declined for three years to confirm their suspicions that it had bought their mortgages from a subprime lender,...
by Tom BozzoBack in 2005, I argued at Old Marginal Utility that "Greenspan exceptionalism" was not very well founded in that observers rarely engaged in a proper counterfactual analysis of how well...
This is an awkward story for Barney Frank. I particularly like how he absolves the bank of blame because they bought Fanny stock and it's the government's fault that the stock is worthless, not...
Tom BozzoI've been hearing about various potential schemes to game the PPIP, and Jeffrey Sachs gets in on the action with a pure self-dealing scenario (via Americablog):Here's how. Consider a toxic...
