This just floored me: “When I hear the constant vilification of corporate America, I personally don’t understand it,” Dimon said in his speech. “I would ask a lot of our folks in government to stop doing it because I think it’s hurting our country.” That is Jamie ...

Reader Zuzu’s Petals digs up the relevant NY Times story from 1995 that describes the mindset when they decided to stop requiring banks to pay FDIC premiums: The Federal Deposit Insurance Corporation decided today to virtually eliminate deposit insurance premiums for most commercial banks afte...

This just gets better and better (via): The federal agency that insures bank deposits, which is asking for emergency powers to borrow up to $500 billion to take over failed banks, is facing a potential major shortfall in part because it collected no insurance premiums from most banks from 1996 to 20...

While many of you think that Jonah Goldberg was just making shit up when he put forth his convincing theories about the causal relationship between President Obama’s electoral odds and day-to-day market performance, I think it would be unwise to dismiss someone who has produced such scholarly ...

Glancing at memeorandum, it appears the wingnut tour de farce shows no sign of letting up: Soon after President Barack Obama signed an executive order lifting the ban on the use federal funding of embryonic stem cells in medical research, the wizards behind the White House web site posted the photo ...

An incomplete list: 1.) Why anyone is paying any attention to Meghan McCain. 2.) Or Glenn Beck, who really seems intent on cornering the “batshit insane” market niche. 3.) Why I continue to get invitations to join the AARP, when I am nowhere near retirement age. 4.) Why the NY Times does...

Just wow....

Ladies and gentlemen, the Republicans have some ideas how to move forward out of this economic mess: John McCain and Richard C. Shelby, two high-profile Republican senators, said on Sunday that the government should allow a number of the biggest American banks to fail. “Close them down, get th...

I don’t understand: Factory jobs disappeared. Inflation soared. Unemployment climbed to alarming levels. The hungry lined up at soup kitchens. It wasn’t the Great Depression. It was the 1981-82 recession, widely considered America’s worst since the depression. That painful time dur...

David Gregory has Mortimer Zuckerman, Newt Gingrich, Erin Burnett, and some historian on discussing the economic crisis. Newt went on a diatribe, blaming the economic woes on the Obama “war on those making over 250,000,” Claire McCaskill, and compared letting the Bush tax cuts expire to ...