Angelo Mozilo’s sister explains the mortgage crisis for you

She’s not real clear on the details. But it definitely wasn’t her brother’s fault (via Gawker).

Jonathan Chait’s takedown, and a possible new career for Naomi Klein

Jonathan Chait has written an epic and perfectly Chaitian takedown of Naomi Klein for The New Republic (nothing else he writes will ever be as perfectly Chaitian as his takedown of Delaware, Rogue State; but this comes close). I’d advise reading the whole thing just for the sheer pleasure of watching a master polemicist at [...]

New column: The crisis cycle

My new column is in the issue of TIME with Afghanistan on the cover and online here. It begins: It’s getting to be a familiar ritual. Markets panic. A bunch of G-men in dark suits interrupt their routines for an emergency meeting or a conference call to piece together a rescue plan. They announce the [...]