Why Bankruptcy Would've Been Better for AIG

March 24, 2009

What are the lessons from AIG? “Could it have been worse than what we have now?” Bankruptcy and orderly liquidation would’ve removed a lot of the mistakes, argues Nicole Gelinas. “Above all, this impartial accounting of AIG’s assets and liabilities would have defused the bonus controversy that has now exploded into visceral public anger.”

More →

Now That They Need Each Other, White House Dials Back Wall Street Criticism

March 24, 2009

“The Obama administration, after months of criticizing Wall Street, has been scrambling to woo top bankers and financiers to back its latest bailout plan.” All those nasty things I said, greed and stuff, I take it all back. “But weeks of searing criticism by politicians and public leaves bankers leery of working with government.”

More →

Barone: Republicans Aren't Doing Better, Dems are Doing Worse

March 24, 2009

The meme about Republicans running even or slightly ahead in generic Congressional ballot confuses the issue, Michael Barone writes: it’s a decrease on the left, not an increase on the right. “Democrats are less enthusiastic, less motivated than they were last November…we are in a period of what I call open field politics.”

More →

FDA Ordered to Allow Minors Access to Morning After Pill Without Prescription

March 24, 2009

“Judge Edward R. Korman in New York instructed the agency to make Plan B available to 17-year-olds within 30 days and to review whether to make the emergency contraceptive available to all ages without a doctor’s order.” Thanks to Obama’s reversal of conscience protections, pharmacists will be forced to give possible abortifacient to all ages.

More →

How to Buy Power in DC, the Countrywide Edition

March 24, 2009

“Countrywide’s CEO Angelo Mozilo granted sweetheart mortgages to a number of influential lawmakers” including Senate Banking Committee Chair Chris Dodd (D-CT), and Senator Kent Conrad (D-ND). Called “Friends of Angelo” loans, they’re referred to over and over again in emails obtained by House Oversight Committee. Good friendships are based on hiring the money.

More →

Notre Dame Faces Backlash From Catholics for Obama Appearance

March 24, 2009

Notre Dame president Father John Jenkins tries to justify invitation of President to infuriated alumni: “We are not ignoring the critical issue of the protection of life…On the contrary, we invited him, because we care so much about those issues, and we hope…for this to be the basis of an engagement with him.” Sure.

More →

The New Population Bomb, UK Edition: Because it Turned Out Right Last Time?

March 24, 2009

Children of Men wasn’t so bad: “Each person in Britain has far more impact on the environment than those in developing countries so cutting our population is one way to reduce that impact.” Gordon Brown’s leading green advisor warns Britain cut the population drastically in order to stop hurting the environment.

More →

Lance Armstrong Crashes in Spain, Breaks Collarbone

March 23, 2009

March 23 (Bloomberg) — Lance Armstrong broke his right collarbone in a race in Spain today in a setback to his preparation for July’s Tour de France.

More →

Judis: The Geithner Disaster

March 23, 2009

Being Treasury secretary is usually not a job that calls for great political skills. But with a banking crisis crippling the economy and threatening to turn a recession into a depression, Tim Geithner has been plunged into the center of politics–as both the person responsible for what the administration should do, and as the main […]

More →

Benard: Democracy in Europe Lethargic, Uninspiring

March 23, 2009

In 1835 Alexis de Tocqueville published the first volume of his magnum opus, Democracy in America. The book was designed to give Europeans a feeling for American politics and society, a topic of interest to Europeans in part because of their general fascination with the United States, a new and perplexing country an ocean away. […]

More →