are lukewarm at best. Today’s Wall Street Journal op-ed (“The Geithner Asset Play“) raises the appropriate objections. The goal of the plan, which is to
The recently announced Fed action has been characterized as a massive exercise in printing money, in “pumping liquidity“. But such characterizations, once again, are misleading.
The solution to the toxic asset problem, and the credit crisis, may well be the one propounded by Holman W. Jenkins in his Wall Street
Well it’s about time I woke up from hibernation to begin posting again. Not much to say for awhile there, not to mention being preoccupied
We hear a lot these days about the current financial crisis being one of trust. Banks don’t trust each other any more, lenders don’t trust