nytimes.com - 9/30/2008
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In 1933, Franklin Roosevelt inherited an economic crisis. He understood that his first job was to restore confidence, to give people a sense that somebody was in charge, that something was going to be done. This generation of political leaders is confronting a similar situation, and, so far, ...
nytimes.com - 10/2/2008
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nytimes.com —
And now we’ve reached the next stage of
our seemingly never-ending financial crisis. This time Fannie Mae...
and Freddie Mac are in the headlines, with dire warnings of imminent collapse. How worried should we be? Well, I’m going to take a contrarian ...
(more)
Op-Ed Columnist - Fannie, Freddie and You - Op-Ed
nytimes.com - 9/27/2008
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nytimes.com —
With breathtaking speed, the world of large Wall
Street investment banks has vanished. Fabled firms, some more...
than a century old, have been merged out of existence (Bear Stearns, Merrill Lynch), gone bankrupt (Lehman Brothers), or sought asylum as ...
(more)
Op-Ed Contributor - The Lost Tycoons - Op-Ed
nytimes.com - 10/3/2008
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nytimes.com —
Notre-Dame-de-Courson, France A FEW weeks ago, it seemed
the financial crisis wouldn’t spin completely out of control....
The government knew what it was doing at least the economic experts were saying so and the Treasury had taken a stand against ...
(more)
Op-Ed Contributor - This Economy Does Not Compute - Op-Ed
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The rise of the third estate
BuzzMachine —
No one’s in charge. I didn’t think that’d be worse than having the bozos we had in charge. But it is.
You’d think the one thing our politicians would be competent at is politics. But they couldn’t even count votes.
We knew the White House was a vacuum. Congress is a vacuum. Wall Street is lie. Detroit and the era it represents is dust. Journalism is sinking like a wet witch.
Who’s in charge? It’s falling to us, the people. We’re in charge. Problem is, we’re not ready. We’ve ...
Nihilists!
Cato @ Liberty —
... “Ve are Nihilists, Lebowski. Ve believe in nothing! Nothing!”
–Joel and Ethan Coen, “The Big Lebowski”
“And let us recognize above all the 228 who voted no — the authors of this revolt of the nihilists. They showed the world how much they detest their own leaders and the collected expertise of the Treasury and Fed.”
–David Brooks, “The Revolt of the Nihilists,” September 29, 2008
That’s David Brooks tearing his hair out ...
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