Tag Archives

Archive of posts published in the tag: Wall Street

The Difference Between Campaigning and Leading

A salient point made by Fred Barnes in the Wall Street Journal Why Obama Isn’t Changing Washington (Nov 26, 2009): Mr. Obama misread his own ability to sway the public. He is a glib, cool, likeable speaker whose sentences have…

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The Other Side of the Microphone

Wall Street’s financial leaders have been paraded before Congress to explain their efforts to restore stability to our financial system. Obama has turned on the populist spigot to demonize Wall Street to justify bigger taxes and fees and hip shot…

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Reckless Regulating

We clearly need financial reform. Yet Obama’s reckless, populist, anti-business pronouncements only serve to harden the prevailing attitude that business growth and job generation is just too risky. Financial reform should be thoroughly vetted and discussed in the appropriate House…

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A Moral Culprit

There are those who see our financial problem as a moral failure. In one sense it is, but not in the sense those who wish to frame it in moral tones believe. To blame greed for the meltdown is simplistic…

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The Myth of Laissez Faire

The quasi-governmental institutions Fannie Mae and Freddie Mac guaranteed  mortgages, which Wall Street happily securitized once the credit rating agencies- which had been given a legally protected oligopoly by the government-declared them to be safe investments.  Government owned banks and…

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Unlimited Fannie Mae

In several past postings reviewing the recent financial meltdown, I have noted the pivotal role played by Fannie Mae. A toxic mix of arrogance and incompetence infected Wall Street.  Bad political, monetary, and tax policy inflated the housing market bubble. …

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