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The right blames the credit crisis on poor minority homeowners. This is not merely offensive, but entirely wrong.

Slate Magazine - Oct 7, 2008

We've now entered a new stage of the financial crisis: the ritual assigning of blame. It began in earnest with Monday's congressional roasting of Lehman Bros. CEO Richard Fuld and continued on Tuesday with Capitol Hill …
Can Warren Buffett save the economy the way J.P. Morgan did in 1907?

Slate Magazine - Moneybox - Oct 7, 2008

"This is the place to stop this trouble!" J.P. Morgan declared on the afternoon of Oct. 23, 1907. After the failure of several trust companies (unregulated banks, kind of like today's subprime lenders), the banker had …
The economy is a mess. The financial markets are in a panic. But these idiots think we mustn't say anything negative.

Slate Magazine - Moneybox - Oct 6, 2008

Having difficulty coping with financial stress? Forget Bernanke and Paulson. Think Rodgers & Hammerstein*. In the excellent production of South Pacific at the Lincoln Center in New York (something tells me tickets …
Can Warren Buffett save the economy the way J.P. Morgan did in 1907?

Slate Magazine - Oct 6, 2008

"This is the place to stop this trouble!" J.P. Morgan declared on the afternoon of Oct. 23, 1907. After the failure of several trust companies (unregulated banks, kind of like today's subprime lenders), the banker had …
How the bailout scheme is like a hedge fund.

Slate Magazine - Moneybox - Oct 1, 2008

The Wall Street bailout is alive again. In an effort to make the $700 billion bailout palatable, the architects of the law have larded it up with all sorts of goodies, such as increasing the levels of deposit …
The financial catastrophe and the WaMu collapse reveal that Washington bureaucrats can handle an emergency but politicians can't.

Slate Magazine - Moneybox - Sep 26, 2008

Last night, the troubled financial system had to absorb two fresh blows: the failure of Washington Mutual and the failure of the White House and Congress to reach a consensus on a proposed bailout package for banks …
The end of the BSD.

Slate Magazine - Moneybox - Sep 25, 2008

In New York, happiest among the financial alpha males is the big swinging dick. The term entered the lingua franca via Michael Lewis' Liar's Poker. (Relevant quote: "If he could make millions of dollars come out of …
Congress and the president favor a $700 billion Wall Street bailout, but they're afraid to say how they'll pay for it.

Slate Magazine - Moneybox - Sep 22, 2008

To spend is to tax, as capitalist deity Milton Friedman is said to have put it. If so, over the last several months, we've seen an orgy of tax increases and potential increases. Time was, that prospect would have set …
Why the world needs more subprime loans, now.

Slate Magazine - Moneybox - Sep 19, 2008

What the world needs right now is more subprime lending—a lot more of it. Yes, I know that in the public imagination, subprime lending is the scourge responsible for crippling the U.S. financial system. The massive …
Slate's complete coverage of the financial crisis.

Slate Magazine - Moneybox - Sep 19, 2008

"Banks, Firms, and Houses: Deciphering the terms in the financial crisis coverage," by Abby Callard. Posted Thursday, Sept. 18, 2008. [more ...]

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