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  • Economics

    Regulators No More Prescient Than Market

    The DC Examiner has a mostly wonderful editorial pointing out that the regulators missed the warning signs of the market crisis as much as the investment banks did. The Examiner properly concludes the question is not “more” or “less” regulation, but then wrongly implies there was no regulation “at all”. … More

    Heavily Edited from New York, Its Saturday Night!

    NBC has re-posted that Wall Street bailout skit we mentioned before. NBC says they yanked the skit due to their ‘standards‘ but the Los Angeles Times notes: In the skit, a parody of a C-SPAN news conference replay, the Sandlers express puzzlement over why Pelosi invited them as victims because … More

    The Left Fights Back in Typical Lefty Fashion

       What does the left do when media appears that accurately connects them to the current financial crisis. They censor it of course. Yesterday we detailed a brilliant Saturday Night Live skit that properly exposed a major leftist donor’s connections to the subprime mortgage crisis. We wrote: The best was … More

    "They Had a Blank-Check from the Federal Government"

    The left really has no idea what free markets are. Witness Washington Post columnist Harold Meyerson who wrote a column last week blaming the current credit crisis on ‘unregulated capitalism’ and ‘laissez faire’ policies. According to Merriam-Webster, ‘laissez faire’ means: “a doctrine opposing governmental interference in economic affairs beyond the … More

    The Left's Crony Capitalism Hits 'Saturday Night Live'

    It’s not often we get to wholeheartedly endorse a Saturday Night Live skit, but from beginning to end this spoof of a post Wall Street bailout conference has at all: *****NBC HAS REMOVED THIS VIDEO FROM THEIR WEBSITE. NO EXPLANATION HAS BEEN GIVEN.***** Not only does SNL make mention the … More

    This Week in Washington: Oct. 6, 2008

    There are several issues in Washington this week following the passing of the Bailout legislation. Here are some key issues to be aware of this week: Congress passed a massive Continuing Resolution to fund the government for the next year and inserted some ridiculous earmarks and special interest projects. Some … More

    Does Free Market or Government Concentrate Power in the Hands of Elites?

    Robert Lawson has a great post at Division of Labor exploring the relation between power, free markets, and government: Let’s explore this point a bit by comparing the concentration of financial power in the hands of the 535 members of the United States Congress with the concentration of financial power … More

    More on Fannie/Freddie Subprime Link

    George Mason University economics professor Russell Roberts writes in today’s Wall Street Journal: Beginning in 1992, Congress pushed Fannie Mae and Freddie Mac to increase their purchases of mortgages going to low and moderate income borrowers. For 1996, the Department of Housing and Urban Development (HUD) gave Fannie and Freddie … More

    CAP's Faulty Fannie/Freddie Facts

    The left is desperate to pin this financial crisis on the free market.  The left knows that if the American people knew the truth about how government intervention in the market caused this current credit crunch, their agenda would be dead for a generation. So what do they do? They … More

    An Increased Range of Tools to Fight the Economic Crisis

    The economic rescue package that the House will vote on tomorrow provides federal regulators with a broader array of tools to fight the economic problems facing the nation than the version that was defeated Monday. As the effects of the crisis continue to spread, these additional tools are likely to … More