Posts Tagged ‘The Federal Reserve’

In which The Gay Recluse scores selected opinion pieces in The Times. David Brooks/The Bailout Artists The Short Version: There are reasons why even free-market types should embrace a bailout in the housing crisis. In his words: “It makes sense to try to find some circuit breakers so the housing market doesn’t totally collapse.” Score: A- (Astute) […]


Paul Krugman/The B-Word The Short Version: Bailout! In his words: “As Bear goes, so will go the rest of the financial system.” Score: B+ (Bailout) Krugman predicts more woe for the financial markets, along with an inevitable (and very expensive) buyout. Unfortunately for a lot of people (and U.S. taxpayers), he appears to be right. Roger […]


In which The Gay Recluse scores selected opinion pieces in The Times. Paul Krugman/Betting the Bank The Short Version: Economically, we’re fucked. In his words: “I’m more concerned that despite the extraordinary scale of Mr. Bernanke’s action — to my knowledge, no advanced-country’s central bank has ever exposed itself to this much market risk — […]