Working Life

   Though not surprising, this is still a fairly damning revelation, in this morning’s Wall Street Journal: Federal Reserve Chairman Ben Bernanke and then-Treasury Department chief Henry Paulson pressured Bank of America Corp. to not discuss its increasingly troubled plan to buy Merrill Lynch & Co. — a deal that later triggered a government bailout […]

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   So, let’s see if we can sum this week’s drama:    Over the past weekend, Treasury Secretary Henry Paulson says, basically, nothing to worry about, we’ve got this financial crisis under control now that we–the taxpayers–own Freddie Mac and Fannie Mae.    Opppsss…then comes Monday. Paulson says, eh, don’t worry everything is okay even […]

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   You might remember yesterday–oh, how long ago that seems as events move so quickly–that I suggested that you couldn’t trust the reassurances of either the president or the Treasury Secretary when they say things are under control and the financial system is sound. And so…look at today’s story: Fearing a financial crisis worldwide, the […]

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   Would you buy anything from this man, even an opinion?: “I know Americans are concerned about the adjustments that are taking place in our financial markets,” Mr. Bush said at a ceremony to welcome the president of Ghana. He added: “In the short run, adjustments in the financial markets can be painful — both […]

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