Joe

Krugman was on book tour, but he spoke about the current economic issues instead. Paul Krugman is a professor of economics and international affairs at Princeton University, and the author or editor of 20 books and more than 200 professional more...

Once the vehicle stops, about 20 potential buyers file out and become detectives, opening and closing cabinets and drawers, knocking on walls and asking about the price, the previous owners and what repairs may be needed.

Sallie Mae's CEO ending shareholder conference call: "Let’s get the fuck out of here."

“With friends like this, liberals have no need of enemies.”

just published a handy chart outlining the eight ways a bank or investment firm can borrow from the nation’s lender of last resort. Five of them were created since last summer:

Is this the real price? Is this just fantasy? Financial landslide No escape from reality

most people are more likely to behave ruthlessly if they can call it something other than ruthlessness. (There are always people who have no trouble with ruthlessness; they often get the CEO job. Most of us have at least moderately more...

They have lost "confidence" in each other, you see, because none of these oh-so-wise captains of the universe have any idea what kinds of devalued securities sit in one another's portfolios. So they have stopped investing.

Has that happened in the U.S. before? Not since the 1930s. They didn't have the Fed funds target rate back then, but effectively we had a zero-interest-rate policy for a good part of the '30s.

“A trip through Southern California and the effects of insane recklessness by both banks and ordinary Americans:”

By the end of March, an estimated 8.8 million homeowners, equal to 10.3% of the single-family housing stock, are expected to have zero or negative equity.