Somewhere, Jack Grubman is smiling

Actually, that somewhere is probably in or around Grubman’s Upper East Side town house, a few blocks away from the apartment where Eliot Spitzer spent the morning explaining to his advisers exactly what kind of trouble he’s in. But wow, what a story! I don’t think I’ve ever seen a politician travel from Shining Ethical [...]

Ben Bernanke’s 2 a.m. feeling of terror

Reader (and tennis buddy of my Dad) Jim Haynes writes: I think the Fed has effectively abandoned its traditional aversion to inflation, and might even welcome a modest increase in its rate. This is why: 1. Although Alan Greenspan in his autobiography would have us believe that he didn’t make any important mistakes while Chairman [...]