Saturday, July 2, 2011
How the Bailout Killed Local Lending -- And How Some States Hope to Bring It Back
SHARE The Wall Street bailout was supposed to keep credit flowing to Main Street, but it has wound up having the opposite effect. Local businesses have traditionally been the main engines for increasing employment, and they need bank credit for their working capital; but today credit to local businesses has collapsed nearly everywhere. That's why 14 states are now considering state-owned banks to get credit flowing again.

       Monday, November 24, 2008
THE BAILOUT THAT FAILED: HOW OBAMA CAN TURN A NO DEAL INTO A NEW DEAL
SHARE Paulson's bank bailout has failed either to save the banks or to unfreeze credit markets. Obama proposes a massive stimulus package, but funded with what? The federal debt is already at perilous levels. The answer may be simpler than it seems . . .

       Saturday, October 25, 2008
THE NOT-SO-INVISIBLE HAND: HOW THE PLUNGE PROTECTION TEAM KILLED THE FREE MARKET
SHARE October 24 marks the 79th anniversary of the October 1929 stock market crash. Many feared a repeat of this disaster on Friday, October 24, 2008; but remarkably, disaster was averted. How? The not-so-invisible hand of the Plunge Protection Team was detected, frantically pulling strings . . .

       Sunday, July 13, 2008
LET THE LAWSUITS BEGIN: BANKS BRACE FOR A STORM OF LITIGATION
SHARE Lawsuits threaten the banks from all sides – from state attorneys general, consumer class actions, and investor backlash. Shifting liability for the subprime debacle back to the banks could bankrupt even the biggest banks. But that might not be a bad thing . . .