Recent Blog Posts
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The Year in Research
Dec 31 20089:13 am EDT -
Mind Your Value Judgements
Dec 19 20087:52 pm EDT -
S.E.C. Short-Sale Ban: Pretty Much Useless
Dec 19 20083:45 pm EDT -
Advice from Japan: Don't Forget TARP 1
Dec 19 20082:31 pm EDT -
Chart of the Day: Money Market Stress Easing
Dec 18 20088:57 pm EDT -
House Price Bubble Deflated?
Dec 18 20085:57 pm EDT -
Where Were the Whistleblowers?
Dec 16 200811:03 pm EDT -
It's Just a Recession
Dec 13 200810:20 pm EDT -
Comparing American and European Unemployment Insurance
Dec 12 20087:46 pm EDT -
Back to Normal?
Dec 11 20084:33 pm EDT
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Are Prospects for Quick Passage of Bailout Dimming?
With the 4+ hour testimony of Henry Paulson, Ben Bernanke (and James Lockhart and Chris Cox) to the Senate Banking Committee just finished, some signs that the Senators weren't happy with what they heard.
On Bloomberg, Kentucky's Jim Bunning said the bill "won't pass the Senate as it is constructed."
On CNBC, New York's Chuck Schumer said Paulson will have to modify the plan significantly.
Traders on Intrade, where a contract on the passage of a Congressional bailout of banks by September 30 opened today, are a bit more optimistic, giving a 62.5 percent chance for a resolution.
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