Posts Tagged ‘ Hank Paulson ’

Government Regulation and Financial Bailout

Sep 29th, 2008 | By Adrian Ash | Category: Economics, Politics
We love this nugget of irony, idiocy or just plain hypocrisy so much, we have to repeat it — clutching our sides and doubling-up in laughter, tears streaming down our disbelieving faces: “The reality of the situation is that an open, competitive, and liberalized financial market can effectively allocate scarce resources ...read more

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Mistakes at the Federal Reserve

Apr 14th, 2008 | By Whiskey Contributor | Category: Macro Economics
Treasury Secretary Hank Paulson has proposed the Federal Reserve be given broad powers to regulate the financial industry. He could not have nominated a more incompetent body. The Coast Guard would do a better job. Financial upheaval owes homage to derivatives that shrouded the massive growth in debt and leverage. This ...read more

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The Problem with Bailouts

Apr 1st, 2008 | By Whiskey Contributor | Category: Macro Economics
“Just like natural organisms, the financial system must have death to evolve into a better form...” NOW THAT HE’S WEARING some sort of do-good government hat, even Hank Paulson is not thinking straight. Regulate in New York and finance goes to Toronto. Regulate in London, it goes to Frankfurt or Paris — ...read more

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