About Howard Schweber

The intellectual and political bankruptcy of the Bushadministration just keeps getting worse; for the next two months, that may be the most dangerous bankruptcy crisis of all. Secretary Paulson announced on Wednesday, November 11th thatthe $700 billion that Congress authorized … Read More

This was supposed to be just a discussion of the financial crisis – the second part of a two-part post – but the day after the election there are a couple of things that need to be observed. First, it … Read More

The financial crisis, in six easy pieces: 1. Good Intentions. During the second Clinton term there was considerable political pressure to loosen the spigot of home lending, driven in part by a series of Justice Department investigations that revealed widespread … Read More

It’s difficult to put all the pieces together, and it is tempting to fall into one of several made-to-order narratives. Which might, in fact be true – but that doesn’t mean that they are complete.First, the basics. American troops attacked … Read More

There is an old child’s joke that goes like this. "Rabbi David, Rabbi David, why does the dog wag his tail?" "Because, my child, the dog is bigger than his tail. If the tail was bigger, perhaps the tail would … Read More