Recent Blog Posts
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Cybersecurity Czar Steps Down
May 17 20122:41 pm EDT -
House Passes Controversial Cybersecurity Bill With Surprise Vote
Apr 27 201212:09 pm EDT -
Generation Startup Gets SBA Encouragement
Apr 24 20125:25 pm EDT -
Google Spends Big in Washington
Apr 24 201212:30 pm EDT -
Young Entrepreneurs Call for More Congressional Encouragement
Apr 18 20124:06 pm EDT -
A Nation Divided on Taxes
Apr 16 201211:37 am EDT -
Are Intellectual Property and National Security Really Linked?
Apr 13 20124:40 pm EDT -
Netflix Starts PAC
Apr 09 20122:27 pm EDT -
JOBS Act Changes Game for Startups
Apr 05 20124:39 pm EDT -
Investors (and Liberals) Beware! Here Comes JOBS Act
Apr 04 201210:06 am EDT
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Give Bush Credit
Everything that Bush suggested this morning to address the subprime woesseems sensible to me. It may not be enough and it comes late in the process. Only now are we asking Hank Paulson to look into what happened? Sheesh. We could have done that at the beginning of August. But better late than never. There's nothing here that will, in the end, stem the tide of foreclosures that's coming but at least Bush is taking some sensible steps here, especially allowing the FHA to insure homes for delinquent borrowers.
The real action is in Bernanke's hands. I've long argued, before the subprime crisis, that he could cut rates. He should. It won't send inflation into orbit. If it's coupled with tough er regulation of the subprime market it won't send a signal to the markets that they can always expect a bailout.
Hard to tell from his speech in Wyoming today exactly where he's heading. The statement that the Fed stands ready isn't the same thing as a cut. But let's hope it is.
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