Brad DeLong takes on Keith Hennessey’s analysis of the Obama budget and doesn’t like what he sees: Left out of Hennessey’s “analysis” is the reason that President Obama projects bigger deficits this year than he did last year–that the economy is extremely weak, and is much weaker than we expected it to be, and when […]

Dan Indiviglio has an absolutely stunning post up that aptly illustrates the worst of the Washington/Wall Street business model. He’s been attending the annual meeting of ASF, the securitization association, and reports on a panel that discussed that focused on the roll of government sponsored entities in the mortgage market. Here is a part of […]