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April 21, 2009

“U.S. May Convert Banks’ Bailouts to Equity Share”

NYT: President Obama’s top economic advisers have determined that they can shore up the nation’s banking system without having to ask Congress for more money any time soon, according to administration officials. In a significant shift, White House and Treasury Department officials now say they can stretch what is left of the $700 billion financial bailout fund further than they had expected a few months ago, simply by converting the

“In time of victory, why is the left so angry?”

Surprisingly, that’s not a rhetorical question. Byron York: […] I asked William Anderson, a friend who is a political conservative, a medical doctor, and a lecturer in psychiatry at Harvard. “They are angry, but I think they are also scared, and I think it’s because they have a sense that their triumph is a precarious one,” Anderson told me. Democrats won in 2008 in some part because of the cycles