Recent Blog Posts
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SBA Runs Out of Gas
Nov 23 20094:17 pm EDT -
The Bill That Wouldn’t Die
Nov 21 20099:30 pm EDT -
Republicans Talk Turkey on Health Care
Nov 20 20093:54 pm EDT -
Contracts Stolen From Veterans
Nov 19 20093:57 pm EDT -
Main Street's Credit Crunch
Nov 18 20095:41 pm EDT -
Criminalizing Failure
Nov 17 20095:55 pm EDT -
Casablanca on the Potomac
Nov 16 20095:22 pm EDT -
So Big It Will Fail?
Nov 10 20093:02 pm EDT -
Health Care’s ‘Wild West’
Nov 09 20093:57 pm EDT -
Obama's Secret Jobs Plan
Nov 06 20093:13 pm EDT
Links
- Tapped: The American Prospect
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- Atrios
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- Real Clear Politics
- The Political Animal
- Power Line
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Citizen Cayne
Last summer, I took some guff for saying that Bear Stearns leader James Cayne should go. Warren Spector may have been the pointman on the mess, but Cayne, as leader, should go--the buck stops here, and all that. Now that Bear Stearns is in full meltdown, this morning losing more than 40 percent of it's already reduced stock value, maybe it's time for holding him responsible for what's happened.
As for the rest of us? Look, not every company is going to come out of this thing alive. It's called capitalism and at some point someone's going under or getting bought out at a fire sale price or whatever. I think the regulatory efforts of Hank Paulson and the proposed mortgage answers of Barney Frank make sense. We need to fix a system that should have been fixed a long time ago but that doesn't mean that some once venerable companies won't be transformed or even disappear.
