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The world would dump the currency of any other country that announced an open-ended bank bailout.
Jamie Dimon had no difficulty understanding one of the cardinal rules of Chicago politics, "Don't back no losers." That makes his apparent move to the Republicans very interesting.
The scandal surrounding Solyndra — the now-bankrupt, Obama-connected solar power company that received a federally guaranteed loan of $573 million — is well known. But Solyndra, Peter Schweizer says, is only the tip of the iceberg.
Businesses don't pay taxes. People pay taxes. And the evidence suggests the corporate tax hits wage earners hard.
Hank Paulson's tenure as Treasury secretary has been highly unfortunate for both the U.S. and global economies.
While Too Big to Fail rounds off some corners, the movie gets the basic story right: the crisis resulted from serious mistakes made by many people, especially on Wall Street and in government. But these people are not portrayed as evil; they just made mistakes.
The damage to the public financesresulting fromthe financial crisis will require the scaling back of aspirations in other areas of fiscal policy.
Uncertainty regarding debates over the debt limit still remains. Endgame negotiations are nothing new in Washington, but the circumstances under which they are being played is different than before.






