Taxes & Economy
Financial Crisis: What Went Wrong
In December, Big Think, an online global forum released its series ‘What Went Wrong’, an eight week web-based series examining the causes of the financial crisis. This series brings…
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Arnold Kling’s Diagnosis of the Financial Crisis
In his paper titled NOT WHAT THEY HAD IN MIND: A History of Policies that Produced the Financial Crisis of 2008, Arnold Kling provides historical context and analysis to…
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Can We Sell our GM Shares?
Imagine if I told you that my stockbroker told me I should invest in a failing company, and I told him not to. My stockbroker then invested in the company…
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Financial Bailout Oversight & Transparency – Failure
Story from CNN Money covers testimony from the special inspector overseeing the TARP program, i.e. the financial bailout (HT Brian Ellis): Barofsky said his top concern was…
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More on the AIG Bonuses
Greg Mankiw notes that the AIG bonuses, which seem to be such a focus of Congressional leaders these days, amount to 0.001% of GDP – a pretty trivial amount…
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Benefield to Casey: Stop Rewarding Failure
I received an email from my Senator, Bob Casey, with the subject “Casey to AIG: Do the Right Thing“, in which he asked for constituents to submit their thoughts. …
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AIG Execs Deserved Their Bonuses
Despite the anger many people – including President Obama – feel over AIG giving out $156 million in bonuses, I have to say they earned it, as I’ve…
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Dubai firm to sell U.S. ports
Dubai Ports World is selling their US Ports operations to AIG. Here are all the changes planned after a year of the Dubai firm and several years of a…
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