The man who led the effort gives an inside look at the bankruptcies that shook America. Continue reading
The superbly crafted rescue plan that the Treasury announced Sunday represents not an end to the perils of Fannie Mae and Freddie Mac but merely the beginning of a new chapter. Conservatorship of the government-sponsored enterprises does not resolve the long-term questions, and the hardest part of the job lies ahead. Continue reading
Amid the cascade of worrisome economic news, nowhere has the data been more disturbing than in the housing arena. Continue reading
Whither private equity, in the wake of its descent from a “golden age” to the dog house in a handful of months? Few businesses or individuals (save, perhaps, Bear Stearns or Eliot Spitzer, the former New York governor) have fallen so far, so quickly.
New York Times
When President Bush sent his new budget to Congress yesterday, he trumpeted a continuing decline in the deficit and projected a swing back into the black by 2012. Continue reading
In romping to electoral victory last November, US congressional Democrats brandished a catchy slogan – “Six for 2006” – and a mélange of legislative proposals including a fistful for their first 100 hours in power. On Tuesday, that clock starts. America and the world will be watching closely to see how well the Democrats do.