Archive for the ‘meltdown’ Category

Beast of Burden

13Nov08

What amazing trouble Barack has stepped into. For all the fury over Treasury Secretary Henry Paulson’s $700 billion emergency economic relief fund, it seems downright puny when compared to the running total of the government’s response to the credit crisis. Has his remarkable good luck run out, or is this just the opportunity he wants. […]


Idiot Wind

02Oct08

Harry Reid joined Nancy Pelosi today in being a Democrat with bad judgment in a crisis. Several big life insurance stocks fell sharply Thursday, dragged down by jitters about their role in the credit crisis and fears sparked by a comment from Senate Majority Leader Harry Reid, D-Nev., Wednesday about a potential bankruptcy in the […]


Who is responsible for the financial crisis? Barney Frank says it’s the private sector. ‘THE PRIVATE SECTOR got us into this mess. The government has to get us out of it.” Jeff Jacoby, the Boston Globe’s conservative columnist, picks apart Frank’s position. That’s Barney Frank’s story, and he’s sticking to it. As the Massachusetts Democrat […]