Money

On a day that the Chairman of the Federal Reserve held his first press conference (and Sarah Palin declared the reason the President released his birth certificate was to distract from Chairman Bernanke's statements), the Fed released a statement of economic projections more »

Bankers and hedge funds scrambled to maintain the lavish bonuses and profits, repackaging mortgages in complex securities called collateralized debt obligations. The booming CDO market masked the weak housing market and exacerbated its collapse more »

"Sec. 2245. Notwithstanding section 1101, the level for 'Department of Housing and Urban Development, Housing Programs, Housing Counseling Assistance' shall be $0." This budget was zeroed-out as part of the FY 2011 Continuing Appropriations Act (H.R. 1473). more »

I enjoy making out my tax returns. It’s the only time I can be grateful for all my medical problems. That trip to the emergency room, for example, when I cut my hand in a kitchen accident (I was in the kitchen by accident — I seldom go there intentionally)... more »