My Two Cents

...at least not with "safe" money. The auction rate preferred market froze up. Now, a number of colleges and universities are scrambiling for cash,...

Blame the accountants. At least, that's what we're being told. If only the green eyeshade brigade didn't require mark-to-market accounting there...

The Bloomberg news wire has a story that Sheila Bair, chairman of the FDIC, has told House Financial Services Committee chairman Barney Frank that...

I see the presidential candidates are calling for raising the FDIC insured limits above $100,000. It's a good idea. I'd also make the rules a lot...

The Paulson plan is dead. I don't think it is worth trying to revive. The House Republican "alternative" was always a joke....

The Treasury has annonced the details of its money market mutual fund guarantee program:...

Economist Ed Yardeni points out the the U.S. will now have the world's largest sovereign wealth fund....

Is this the trend of the future? Why isn't anyone upset about the bailout of the U.S. auto industry? What is the standard--campaign contributions...

As I am writing this at work on Saturday afternoon, Washington is still negotiating the details of the $700 billion bailout. It does look like a...

I did Minnesota Public Radio's Mid-day show hosted by Gary Eichten on Friday. The other guest was Louis Johnston: Economics professor, St. John's...