Jon Corzine almost sent New Jersey into bankruptcy. By a narrow margin, Chirstie defeated him in the last election. He left Christie a lot of work to do. By doing the work, Christie has become one of the most popular politicians in America. Corzine was an early Obama backer. He was on an Obama economic Read the full article…
Ever hear the name Edward DeMarco? He’s the acting director of Federal Housing Finance Agency. Despite pressure, he refuses to write down the principal on loans held by Federal agencies like Freddie and Fannie or the FHA. The “just make the problem go away” gang is the usual suspects, Richard Durbin and Barney Frank leading Read the full article…
A business allocates capital based on some value added formula. Various projects must compete for scarce capital based on the present value return of each investment over some period of time. The projects that give the best return get the capital, those that don’t get scrapped or delayed. We have a so-called Super Committee supposedly Read the full article…
