politics

  • politics

    Does John McCain Have Any Idea What’s Going On?

    It was a bit disturbing to hear John McCain blaming the greed of Wall Street and the lack of federal oversight for the our financial meltdown. But McCain’s performance yesterday on the Today show was truly a travesty. He attempts to voice the free-marketeer line that AIG shouldn’t be bailed out but winds up sounding […]

    / Sep 18, 2008 at 9:02 AM
  • politics, Wall Street Journal

    Barack Obama, Sex, Drugs And A Perp Walky Photo

    The Wall Street Journal’s news pages are notoriously liberal not in sync with the right-wing stance of its editorial pages. But ever since Rupert Murdoch bought the Journal’s parent company, Dow Jones, many have wondered if that might change. The place of Barack Obama’s picture just above the best story ever salacious tale of sex […]

    / Sep 11, 2008 at 3:55 PM
  • politics

    Palin: A Oil-Sider Republican?

    We’ve been scolded by some of our readers for our coverage of Sarah Palin. This morning we turned to a “Washington insider” to find out about her economic outlook, largely because she didn’t seem to say much about economic policy in her speech and her short tenure as governor of Alaska didn’t give her much […]

    / Sep 4, 2008 at 1:42 PM
  • politics

    Could We Have A Market For Electoral College Votes?

    When asked who we are planning on supporting in the presidential election, our standard response is to avoid this query. It’s a trick question premised on a mass delusion according to which people believe that one politician is better than another. We’re pretty sure that the next president will be the worst in history, regardless […]

    / Sep 3, 2008 at 4:42 PM
  • politics

    Sarah Palin: Short Oil

    So it turns out that John McCain picked Tina Fey Alaska governor Sarah Palin as his running mate. “Sarah Palin” is probably the most searched for name on the internet right now. In the minutes after news of her selection spread, popular websites like the Drudge Report went down. The reason for this is relatively […]

    / Aug 29, 2008 at 12:33 PM
  • politics, polls

    Mortgage Checks Won’t Be The Only Thing Bouncing This Month

    Over the next few months, the media will be talking about presidential polls taken nationwide. Most of the polls you hear about are done nationwide and assume we Americans for our president the way the French vote for theirs (and may the Lord bless and keep Nicholas Sarkozy): that is, by popular vote. Some of […]

    / Aug 15, 2008 at 2:38 PM
  • politics

    John McCain’s Embarrassing Pandering In Colorado

    We’ve long since given up the assumption that some politicians are better than others. But every now and then a politician’s statements make us reconsider: perhaps this fellow is actually a little worse than the others. Yesterday John McCain went to Colorado in order to say awkward things in an awkward manner. After begrudgingly saying […]

    / Jul 8, 2008 at 1:07 PM
  • politics

    Meet John McCain’s Economic Brain: Phil Gramm

    Phil Gramm gave his first political interview in years to Stephen Moore in the Wall Street Journal’s weekend edition. The interview is clearly meant to reassure conservative voters about Republican presidential candidate John McCain. What separates McCain from Obama, Moore writes, is that although neither of them know much about economics, “McCain has the good […]

    / Jun 30, 2008 at 8:35 AM
  • politics

    Cox to Bernanke and Paulson: “How Come You Guys Don’t Call Anymore?”

    SEC chair Christopher Cox missed the 5am conference call when Ben Bernanke and Hank Paulson decided that the Fed would lend funds to rescue Bear Stearns from bankruptcy, the Wall Street Journal reports on today’s front page. The call’s time changed and no one bothered to tell Cox, who didn’t know until he came into […]

    / Jun 23, 2008 at 1:21 PM
  • politics

    Who Is Behind The Fannie Mae-Countrywide Story?

    The scandal of Countrywide’s sweetheart loans has already forced the resignation of a top Barack Obama campaign adviser, and is proving embarrassing to two powerful US Senators. But now some are wondering where the information about the tainted loans is coming from. Who is leaking the story?

    / Jun 17, 2008 at 10:23 AM
  • Barack Obama, Fannie Mae, politics

    Dirty Fannie Mae Man Tied To Countrywide Quits Obama’s Campaign

    Jim Johnson is out of there. The former chairman of Fannie Mae who received several preferential loans from Countrywide, has announced he’s leaving Barack Obama’s vice presidential search committee. This is in keeping with the Obama campaigns new tactic of knee-capping supporters whose scandals distract from the campaign’s messages of hope and change. The operating […]

    / Jun 11, 2008 at 3:01 PM
  • CEOs, politics

    Is The GOP The Anti-CEO Party?

    Is John McCain trying to make headway with the activist investor community? Activists have been among have been among the vocal critics of lavish executive pay packages at public companies, and most of the biggest names among the activists favor Democrats in this election. (Carl Icahn, who said Barack Obama would be a terrible president, […]

    / Jun 10, 2008 at 1:05 PM
  • politics

    All The Ex-President’s Men

    As it turns out, Bill Clinton likes to hang around with a bunch of questionable characters. His wealthy friends like to fill their private jets with young women, the big Vanity Fair story that everyone is talking about reveals. He pals around with the guy who knocked-up Elizabeth Hurley and sued Kirk Kerkorian for invasion […]

    / Jun 2, 2008 at 2:23 PM
  • Barack Obama, politics, recession

    Rupert Murdoch Says Obama Will Win, Icahn Will Lose, And US Economy Is In Trouble

    Last night at the “All Things D” conference sponsored by the Wall Street Journal, Rupert Murdoch told attendees that Democrat Barack Obama will win the presidential election by capturing the key swing state Ohio and that activist shareholder Carl Icahn will lose his proxy fight to take over Yahoo. He also said the US economy […]

    / May 29, 2008 at 1:15 PM
  • CEOs, politics

    Wall Street Chiefs Divided On Election

    Wall Street’s chiefs are divided on the presidential election, according to DealScape. The Federal Election Commission’s records show that Hillary Clinton received campaign donations from JP Morgan Chase chief Jamie Dimon, Morgan Stanley chief John Mack and Goldman Sachs chief Lloyd Blankfein. John McCain received support from Merrill Lynch’s John Thain. Dick Fuld of Lehman […]

    / May 29, 2008 at 8:55 AM
  • politics

    Carl Icahn: Obama Would Be A Terrible President

    Self-styled shareholder superman Carl Icahn says Barack Obama would be a “terrible” president, Bloomberg reports. His election, backed by a filibuster proof majority in the Senate, would lead to runaway legislation, higher interest rates and accelerating inflation, Icahn told a conference of investors last night. “I don’t normally get involved in politics, but this time […]

    / May 22, 2008 at 12:28 PM
  • Environment, politics

    John McCain Freaks Out Over Global Warming
    Republican Presidential Candidate Endorses Cap-and-Trade Carbon Rationing

    With a slowing economy, escalating food prices and energy prices climbing ever higher, you might think that Republican presidential candidate John McCain would be hesitant to endorse a European Union-style carbon emission trading scheme that seems likely to result in less economic growth, higher energy prices and higher food prices from increased biofuel demand. But […]

    / May 12, 2008 at 4:45 PM
  • politics

    Hillary Clinton: The Anti-Wall Street Candidate?

    Hillary Clinton has been upping the ante with her populist rhetoric, bashing “greed” and swatting away economic critiques of her tax plans by saying “I’m not going to throw my lot in with economists.” As is often the case, that kind of anti-intellectual politics is accompanied by Wall Street bashing. Julie Satow, who covers Wall […]

    / May 6, 2008 at 8:03 AM
  • continuing education, politics

    Taxes And Consequences: Barack Obama’s Tax Plan For Wall Street

    It’s official: Wall Street loves Barack Obama. In 2007, even before he became widely-recognized as the front-runner for the Democratic nomination, Obama pulled in a total of $1.7 million from employees at 12 major Wall Street firms, according to a survey by the McClatchy news agency. Those numbers included $288,835 from Goldman Sachs, $242,395 from […]

    / Mar 4, 2008 at 8:37 AM
  • continuing education, politics

    Michelle Obama Urges The Poors To Stay That Way By Avoiding College And Corporate America

    College isn’t worth it and you should stay out of corporate America, Michelle Obama, the Princeton graduate who went to Harvard Law School before joining the white shoe Chicago law firm Sidley & Austin, told an audience of working mothers at a daycare center in Zanesville, Ohio. After speaking of the burdens of student loans […]

    / Mar 3, 2008 at 3:25 PM
  • continuing education, politics, Regulators

    Comcast Packed The Net Neutrality Debate At Harvard

    Yesterday a cameraman for the Free Press caught two members of the audience napping during an FCC hearing on net neutrality at Harvard Law School. Now we don’t blame them for snoozing through a meeting about net neutrality–our eyes glaze over just thinking about it–but it does raise the question: why would you go to […]

    / Feb 26, 2008 at 3:43 PM
  • Bond Insurers, politics, short selling

    Valentines Day Short Seller Massacre Plot Uncovered

    How bad must things be up in Armonk? It’s usually a sure sign of deep trouble when a company blames short-sellers or runs crying to lawmakers for protection. MBIA has announced plans to do both. It’s asking lawmakers to investigate or curtail “the unscrupulous and dangerous market manipulation activities of short sellers,” according to a […]

    / Feb 13, 2008 at 4:45 PM
  • Hedge Funds, politics

    Chelsea Clinton Slams Avenue Capital’s Health Care Plan!

    The best-known employee of Avenue Capital announced that she isn’t happy with their health care plan yesterday. Chelsea Clinton, who works for the hedge fund, mentioned that she had problems with Avenue Capital’s health care plan on a MSNBC appearance broadcast from Milwaukee. “If you have health care and you’re not happy with it — […]

    / Feb 12, 2008 at 10:23 AM
  • Hedge Funds, politics, Private Equity

    The Hedge Fund’s Betting On Democrats
    But Dodd’s Role Skews Numbers

    Political contributions are one of the big mysteries in American politics. Why would anyone give to their favored candidate or political party when they could simply free-ride on the donations of others? It’s even more of a mystery than voting, which strikes most political scientists as irrational since the chance of any one vote making […]

    / Feb 11, 2008 at 12:53 PM
  • politics

    The Wall Street Primary

    Wall Street may not have its own primary but then again voting is not necessarily the best indicator of support and enthusiasm for a candidate. After all, the apathetic and uninformed get equal votes with the committed and knowledgeable. The best primary for Wall Street probably wouldn’t be a voting primary at all. It would […]

    / Feb 5, 2008 at 8:52 AM
  • politics, Regulators

    The Psychology Of Overregulation

    We’ve been on a bit of a tear today about the politics of regulation. So why quit when we’re having so much fun with it? As we noted today, calls for additional regulation often depend on a double standard under which market process are characterized by imperfect information and dominated by self-interest while regulatory processes […]

    / Feb 4, 2008 at 3:20 PM
  • politics

    Wall Street Loves Politics

    As it turns out, Wall Street gave heavily to the Presidential campaigns last year, proving once again the axiom: “Make money in good times, make friends in bad.” Leading all corporate donors in campaign donations as of the end of last year was investment banking giant Goldman Sachs, based on an analysis of Federal Election […]

    / Feb 4, 2008 at 2:08 PM
  • politics, Regulators

    Systemic Risk: Government and Media Misdirection

    The first time we heard the term market failure we assumed the term referred to the occasional inability of market processes to withstand government interference. Later a good friend who was majoring in economics explained to us that this was not the standard understanding of the term. It was another case of our own conceptual […]

    / Feb 4, 2008 at 11:33 AM

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