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$8.5 Trillion and Counting - Reason.com
The L.A. Times on Sunday updated the numbers on 2008's historic (and historically awful) round of bailouts, and came out with a shiny new figure: $8.5 trillion . It's a useful piece of journalism, so I almost hate to complain, but the lead-paragraph ...

Amity Shlaes , Author, columnist and senior fellow, CFR: - Politico.com
There's a battle going on in the American soul. On the one hand is New Deal nostalgia (or should we call it New Deal narcissism?) which says America visited this problem on itself by failing to expand government enough. The nostalgists say: If only ...

A transcript follows. - Washington Post
About Pearlstein: Steven Pearlstein writes about business and the economy for The Washington Post. His journalism career includes editing roles at The Post and Inc. magazine. He was founding publisher and editor of The Boston Observer, a monthly ...

Keep bailing . . . - Meganmcardle.theatlantic.com
Felix Salmon complains , justly I think, that the bailed out financial firms are using the funds to keep their operations going rather than restructure them: The NYT also, however, has a pointed column from Floyd Norris , who notes the double ...

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Today's Mortgage Terms starting with R

  • Refinancing: The repaying of a debt with the proceeds from a new loan using the same property as collateral. The reason for refinancing is to get a lower interest rate.

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