Trail Blazers vs. Trail Followers “Women have made it to a point where a woman who’s been first lady, U.S. senator and secretary of state can win a presidential nomination. Now let’s see how long it takes for someone who’s a little less overqualified to get the nod.” –Gail Collins, “Hillary on the March“; The...Read More
Lehman’s “Not So Big” $600,000,000,000(!) Balance Sheet “The 2008 financial crisis itself was centered not on big banks but on “shadow banks” like Lehman Brothers that weren’t necessarily that big.” –Paul Krugman, “Sanders Over the Edge”; The NYT (4/8/2016) No matter what you think of big banks or who caused The 2008 Crash, I think...Read More
“Houston, Washington, We Have a Problem . . .” “If you are 20 or 30 you probably see capitalism in terms of two dramatic themes. The first was the crash of ’08, in which heedless, irresponsible operators in business and government kited the system and scrammed. The second is income inequality. Why are some people...Read More
“The Democratic Party was once a big brass band marching through the streets”loud, dissonant, there. “I’m not a member of any organized party,” Will Rogers famously said. “I’m a Democrat.” For generations Democrats repeated that line as a brag. They knew disorganized meant vital, creative, spontaneous, passionate”alive.” –Peggy Noonan, “Primary Preview: The Brawl vs. The...Read More
Dubious Campaign Promises — Exhibit A; How Many Loopholes Can YOU Spot? “If they’re too big to fail, make ’em smaller.” –George Shultz, Ronald Reagan’s Secretary of State (and a former Treasury Secretary). At least in some parts of the country, Hillary Clinton’s thread-the-needle comment about big banks last week would be met with a...Read More
Subsuming Ideological Conviction for Constituent Service (They Say) “If you can’t take their money, drink their whiskey, screw their women, and vote against “em anyway, you don’t belong in the Legislature.”** –Jesse Unruh, California politician in the 1950’s and 1960’s. [Editor’s Note: The views expressed here are solely those of Ross Kaplan, and do not...Read More
