Wall Street

Morning Roundup: The Planetary Lender

  • The Securities and Exchange Commission and the major Wall Street banks are talking about maybe settling an investigation into the firms’ use of collateralized debt obligations, the complex investment instruments that played a key role in turning the economy into a smoldering rubble pile. [WSJ]
  • The Federal Reserve’s big data dump that Read More

OMB Chief’s Broadcast Babe, Bianna, Will Keep Her Beat at ABC

Among the many anxieties that hound a broadcast news division president in 2010 (the dangers of Afghanistan, the steady sucking away of viewers to cable TV, the heckling from Jon Stewart, etc.), the cries of media bias from conservative critics remains a constant irritation. Playing defense against allegations that so-and-so has lost his objectivity and Read More

Universal Health Care Foes Pushed to the Margins, Finally

At the brink of global ruin, many Americans suddenly seem willing to consider sensible ideas that were always deemed unthinkable, and to reject foolish notions that were once deemed brilliant. Soon we may be mature enough to observe how other developed countries solved problems that have baffled us for generations.

Nationalizing major banks, temporarily at Read More