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Intro to TARP: Banks have two problems
The big banks (and some large non-banks like AIG, Fannie Mae, and Freddie Mac) have two problems, not one: They don't have enough capital. They have on their balance sheet downside risk that is creating [...]
Sloppy energy language: dependence on foreign oil
This is good language from the President in bold: America's dependence on oil is one of the most serious threats that our nation has faced. This is not: They'll be jobs building the wind turbines [...]
Should taxpayers subsidize Chrysler retiree pensions or health care?
The Administration's negotiations with Chrysler and their stakeholders have a Thursday deadline. Friday's Wall Street Journal reported a rumor: Chrysler and the UAW agreed in 2007 that the auto maker would put $10.3 billion into [...]
Will House Democrats get BTU’d on climate change?
A House vote in 1993 laid the groundwork for an important upcoming House vote on climate change legislation. In 1993 then-Vice President Gore led the Clinton Administration to propose increasing the taxation of energy. Called [...]