Archive for January 22nd, 2011

The State Bankruptcy Debate

Felix Salmon has a very good post on the discussion about state bankruptcies. He points out, correctly, that the states have adequate tools to deal with their problems and that should they ever get the right to avail themselves of a bankruptcy solution the exercise of that option would spell disaster for all municipal borrowers. [...]

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Reshaping Mortgage Finance

fannie mae

It’s only January but we may already have a winner for sheer audacious rent seeking of the year award. The NYT reports that the nation’s big banks would like to be named as replacements for Fannie and Freddie: Wells Fargo and some other large banks would like private companies, perhaps even ¬†themselves, to become the [...]

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