Morning Roundup: Foreclosure Follies Foil Financial Firms

  • Wall Street has woken up to the idea that the foreclosure crisis could force banks to modify huge amounts of loans, and stalled evictions could hamper payments to bondholders. The stock market has begun to act accordingly. [WSJ]
  • On a related note, according to the credit-default-swaps market, Bank of America is no Read More

Larry Kudlow Favors CNBC Over U.S. Senate

Larry Kudlow told the conservative paper Human Events that he’s flattered by everyone who wants to draft him to run for Senate. But …

“But, and this is a very important thing, and from the heart, I love my work at CNBC. I just love it. And that’s the reason why I have Read More

Diving into the Dividend Fray, Pondering Perverse Effects

Everybody knew a plan to cut the corporate dividend tax was on its way. Buttotal elimination? Back in early December, TheStreet.com reported that the “scuttlebutt” was a (in retrospect) humble exemption-the first $5,000 to $50,000 of dividends-and, as late as the current issue of Business Week , forecasts were for a proposal that would cut Read More

Meet Bret Schundler, From Wonderful Guys Who Gave You Reagan

Larry Kudlow was running late for his own dinner party. It

was Tuesday, June 26, and Mr. Kudlow, the economist and National Review columnist, was set to host a select group of

conservative intellectuals-”our gang,” as he calls them-at his apartment at

93rd Street and Madison Avenue.

Belatedly freed from his talking-head duties at Read More

The Laffer-Curve Crew Reunites for Steve Forbes at Treasury!

Did anyone catch a glimpse of Steve Forbes at the Republican National Convention in Philadelphia? He was there, all right-but nowhere near the First Union Center. Instead, he dropped by the Union League Club across town one morning to headline a sparsely attended breakfast meeting hosted by the supply-side political action committee Club for Growth. Read More