Lawrence Lindsey, former advisor to the U.S. president for economic policy, either read the 700 pages of the Fannie-Freddie bailout or had a staff person do it – more than any member of Congress has done, he suspects.
In the Wall Street Journal he offers a devastating critique of what happens when Congress has its way. The [...]

Filed under: Technology | Comments Off

 After years of passivity and inaction, the SEC launched a ban on naked short selling of selected financial stocks over a weekend. Compare this to the decades it sat by and let a handful of credit rating agencies enjoy oligopolistic profits as the sole official guardians of investment grading. Now the SEC chairman, Christopher Cox, [...]

Filed under: Credit Crunch, Technology, regulation | Comments Off