First of all, this was so much better than the other two McBama debates. I only watched about five minutes of the second one (I did watch all of the first, to my regret), but I can still say with confidence: This was the best. The format totally rocked. Bob Schieffer totally rocked. It was [...]
I wasn’t really paying attention, and I definitely wasn’t watching CNBC, but it appears the stock market had a pretty bad day–the Dow down 7.8%, the S&P 9%. As always, I think the main lesson here is that these are volatile times, and in volatile times you’ll get days like this. But a pretty convincing [...]
Look, I’m not saying I’m Nouriel Roubini or anything. I don’t host a lot of fashion shows or dance parties at my apartment. And I didn’t predict the current financial crisis. But as a congenital optimist who began to be filled with foreboding early in 2007, I did write a lot of stuff that does [...]
This morning the Times and the Journal each have a great tick-tock of what happened on Monday afternoon when Hank Paulson called a meeting with the CEOs of nine of the nation’s biggest banks and said they were about to be recapitalized. Both accounts are riveting, and I’ve pasted some snippets below—though there does seem [...]
