Category Archives: Politics

Great Moments in Political Rhetoric: Hannan vs Brown

From the European parliament, of all places: (Via MAI, although I’m late to this, it’s been viewed almost 2 million times on YouTube already.)

Posted in Politics | 6 Comments

The Kanjorski Meme, Mark II

Tyler Cowen is now talking about the Kanjorski Meme Mark I (I thought I’d dealt with that one already) — but that’s not the end of the story, as Sam Jones demonstrates today. Sam has what you might call the … Continue reading

Posted in bonds and loans, Politics | 2 Comments

The Tragedy of Political Reality

I taped a Bloggingheads diavlog with Jesse Eisinger this afternoon, which should go up on Monday. We ended up in a pessimistic place: a Japanese outcome to this economic and financial crisis seems much more likely than a Swedish outcome, … Continue reading

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Kanjorski and the Money Market Funds: The Facts

With the Kanjorski Meme still spreading (see Ben Smith, Andrew Leonard, Moldbug, and more), I think I’m finally able to squash it with some hard figures: there never was a $500 billion outflow from any asset class in the space … Continue reading

Posted in Media, Politics | 1 Comment

The Kanjorski Meme

This is the way that memes propagate: after appearing on LiveLeak and being picked up by Zero Hedge (twice), Paul Kedrosky, and Clusterstock, it hit BoingBoing, and now it’s everywhere: Panzer, Alphaville, SAR, the Economist, you name it. I’ve been … Continue reading

Posted in Media, Politics | 1 Comment

Lobbying Datapoint of the Day

The Center for Responsive Politics does some adding up, and concludes that the 300 TARP recipients between them spent a total of $77 million last year on lobbying, on top of $37 million in federal campaign contributions, for a total … Continue reading

Posted in banking, Politics | 1 Comment

Summers vs Volcker

I didn’t like the idea of appointing Larry Summers to be Treasury secretary, largely because he’s bad at politics. And given his jealous and petty spat with Paul Volcker now that he’s running the National Economic Council, the decision to … Continue reading

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Geithner on China’s Currency Manipulation

Tim Geithner’s testimony about China’s currency manipulation is the top story in the world today, judging by the NYT’s front page. And he did indeed say three times in his written responses to the Senate Finance Committee that "President Obama … Continue reading

Posted in china, Politics | Comments Off

Geithner’s Written Responses to the Senate Finance Committee

Does Kentucky senator Jim Bunning read Market Movers? If not, we’re certainly thinking along very similar lines. If you scroll down to page 45 of the 102 pages (!) of written responses from Tim Geithner to the Senate Finance committee, … Continue reading

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Does Geithner Know What He’s Going To Do?

I’ve been keeping an eye on Tim Geithner’s confirmation hearings this morning: they seem to be going pretty much according to plan — a ritual hazing followed by a certain confirmation. (The NYT and WSJ are live-blogging.) Geithner is suitably … Continue reading

Posted in Politics | 1 Comment