The politicians are on their way. Now is the time to sell your shares and run.
Greg Mankiw reports that both the Republicans and Democrats are after Ben Bernanke.
"Why does one person have the right to grant $85 billion in a bailout without the scrutiny and transparency the American people deserve," asked House Speaker Nancy Pelosi (D., Calif) a reference to the loan the Fed gave AIG with the Treasury's blessing.I wonder what else she thinks he could have done. Maybe he could have invited her to make a speech. Or they could repeal the law of supply and demand and make US markets more like Pakistan's
Will WIlkinson on the legitimacy of technocrats in a democracy.