Leadership

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Obama is talking about addressing the issues (with his financial team in attendance) and urging some bipartisanship, while McCain is whining and contributing to his epic flail. [youtube]http://www.youtube.com/watch?v=pmfeesYmx1Y&eurl=http://www.jedreport.com/[/youtube] This is…

Ocktoberfest!

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Screw this crappy economy.  Come out tonight to the Ocktoberfest in Newark.  Good food, good beer, good music (if you like German folk music) and lots and lots of politicians.

The

31 Comments
I'm just posting this entry from Barry Ritholtz at The Big Picture in its entirety, because it is that good. From Mr. Ritholtz: "I am having a hard time keeping…

Massive Bailout

75 Comments
There really is no other way to describe it.  The US Government will essentially buy the bad mortgages that are sitting on the books of the US banks and will…

Where’s Bush?

19 Comments

The stock market plunges, people are losing their jobs and their homes, and our fearless leader is nowhere to be found.  Politico sums it up.

“I will continue to closely monitor the situation in our financial markets and consult with my economic advisers,” President Bush said Thursday in a two-minute address from the Rose Garden.

That’s right, two minutes. Delivered, according to the official White House transcript, from 10:15 a.m. EDT to 10:17 a.m. EDT. Maybe you missed it. Maybe you were at work. Maybe the president doesn’t care.

Maybe that’s the problem.