Do Call it a Bailout


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Chris Dodd and the Democrats’ new financial reform bill authorizes bailouts in perpetuity.

The Bernanke Nomination – WSJ.com


The White House said yesterday it has damped down a political revolt against Ben Bernanke and now has the votes to secure the Federal Reserve Chairman’s second four-year term. Whether or not Mr. Bernanke is confirmed, the lesson we draw is that overly political central bankers will eventually be undone by politics. There’s no doubt […]

Dead-End Diplomacy


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The Obama administration allows China to block sanctions on Iran.

Geithner’s New York Fed Pushed AIG To Keep Sweetheart Deals Secret – Huffington Post


An arm of the Federal Reserve, then led by now-Treasury Secretary Timothy Geithner, told bailed-out insurance giant AIG to withhold key details from the public about overpayments that put billions of extra tax dollars in the coffers of major Wall Street firms, most notably Goldman Sachs. The sordid tale unfolds in a series of e-mails […]