May 18, 2012
Late last week JPMorgan Chase announced that it had lost some $2.3 billion, and possibly more, as a result of bad investment decisions made by its risk-hedging operation. Predictably, some have seized on this misstep to call for greater regulation of the banking industry. White House spokesman Jay Carney said: “The president fought very hard [...]
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May 18, 2012
Listening to Barack Obama and John Boehner over the past few days put me in mind of two testosterone-addled 22-year olds preparing for a bar fight, rather than the President of the United States and the Speaker of the House discussing fiscal policy. First, Boehner kicked off this high-level “whose your mama” conversation by demanding [...]
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