Krugman doesn't think much of the latest Geithner plan. Surprise, surprise. Notice that the government equity stake doesn't matter -- the calculation is the same whether private investors put up all or only part of the equity. It's the loan...

If you dozed off for just a second, you missed it. Federal Reserve Chairman Ben S. Bernanke said accounting standard-setters need to figure out how the mark-to-market rule blamed for worsening the global financial crisis should be followed when assets...

A review of "fair value" accounting promises to be a long, painful procedure that not only carries with it the possibility of severe and potentially deadly infection, but entails a long recovery time and is likely to reveal any number...

You will be relieved to know that this whole subprime thing is WAY overblown. I have it on good authority. I know what you are thinking. Really, good authority. Oh yeah? How about the Bank of England? Yeah, that Bank...