The Corner


As it turns out, I do not agree with Andrew Redleaf and Richard Vigilante on what to do about banks.  I don’t see how transparency solves the too-big-to-fail problem.  The problems at Freddie, Fannie, and Lehman were plenty transparent, but creditors kept lending to them anyway, counting on Uncle Sugar for a bailout. Longer explanation here.


The Latest

Rat Patrol

Rat Patrol

Illegal leaks of classified information should be treated as a serious offense. But they would be easier to prevent if less information were classified.