Banking/Finance

My first reaction to this was, "Well, if this became a common practice, at least we'd hear the word 'unexpectedly' a lot less often." Over at Mediaite on Friday (some R-rated content is at link; HT Doug Powers at Michelle Malkin's place), Josh Feldman ripped CNN business reporter Felicia Taylor, whose background includes stints at the Financial News Network, CNBC, for devoting nearly three…

When the Associated Press's Paul Wiseman and Martin Crutsinger team up for a report on the economy, there's no limit to the comic potential. Today, in covering what the folks at Zero Hedge described as "Ben Bernanke's 'I Have No Idea Why The Economy Will Get Better But It Will' Speech" (transcript is at link), the AP pair may have set a new world record for most unused words one would expect…

New York Times business columnist Joe Nocera, now a regular on the paper’s op-ed page, equated congressional oversight with Anthony Weiner’s sexual peccadillos in Saturday’s “Blocking  Elizabeth Warren.”  Warren, a Harvard law professor, bankruptcy “expert,” and liberal crusader, is special advisor to the White House and a favorite among liberals and the Times for pushing the creation of a…

CNN's Eliot Spitzer arrogantly lectured about the benefits of Keynesian economics Sunday while accusing fellow panelists on "Fareed Zakaria GPS" of not knowing what they were talking about because they weren't business owners. This led British historian Andrew Roberts to point out that President Obama's administration are mostly academics, and Ann Coulter to ask Spitzer, "What business have…

In one of five items they alleged were false statements made by Mitt Romney in his presidential candidacy announcement speech, Associated Press "fact-checkers" Calvin Woodward and Jim Kuhnhenn claimed that the economy has not gotten worse since Barack Obama became president. Part 1 (at NewsBusters; at BizzyBlog) clearly showed that the facts are on Romney's side. The current score is Romney 1,…

MSNBC's Chris Matthews on Thursday got a much-needed economics lesson from CNBC's Joe Kernen. In the midst of a discussion about the economy and how it's going to impact the 2012 elections, the "Hardball" host bragged about having studied economics in grad school leading Kernen to marvelously ask, "You studied economics?" (video follows with transcript and commentary):

Rep. Barney Frank, D-Mass., has admitted that he “helped his ex-lover land a lucrative post with Fannie Mae in the early 1990s while the Newton Democrat was on a committee that regulated the lending giant,” the Boston Herald reported on May 26. Frank dismissed questions about the “potential ethical conflict,” of regulating Fannie Mae while Herb Moses, whom Frank has called his “spouse,”…

I’ve written several articles skewering HBO for producing political projects destined to air immediately prior to the 2012 election, where the vast majority of the cast and crew are passionate Barack Obama supporters, and where the content is aimed at the Democrat’s two favorite Republican villains: Sarah Palin and Dick Cheney. So, when I sat down to watch HBO’s Too Big to Fail, I prepared…

In the 10AM ET hour on NBC's Today on Monday, co-host Kathie Lee Gifford applauded the new HBO movie on the 2008 financial crisis, 'Too Big to Fail,' as "not a partisan film at all." However, after asserting that "It didn't take one side or the other," she touted the liberal moral of the story: "that greed is what got us there and lack of regulation." Left-wing actor Ed Asner, who plays the…

When an admittedly liberal Nobel laureate in economics thinks trying to balance the budget is holding America hostage, one has to wonder if there are any adults remaining on the left side of the aisle. Consider what New York Times columnist Paul Krugman wrote Monday:

New York Times columnist Paul Krugman said Sunday that Democrats should risk a debt default to avoid being blackmailed by Republicans that are holding a bomb "over our head" in the form of serious budget cuts. This came moments after FDIC chair Sheila Bair told ABC's "This Week" panel, "I think maybe there's a little too much testosterone in this debate. It’s too much about winning and losing…

New York Times columnist Paul Krugman Monday wrote another in a series of factually dishonest pieces about budget deficits and what he likes to call 'the Great Recession." In his "The Unwisdom of Elites," the unabashed liberal made numerous falsehoods and omissions to blame our current economic and budget woes exclusively on George W. Bush and "small groups of influential people":

Perhaps you hadn't noticed, but in late August 2010 Ben Bernanke took on complete responsibility for everything -- especially everything mediocre or bad -- that occurs in the economy. I know this because on August 27 and 28 (covered here and here), the Associated Press issued three reports essentially telling readers that it was up to Ben to save us. There wasn't anything Barack Obama, Tim…

If you had any questions about just how far to the left New York Times columnist Paul Krugman is, they were answered Monday when he expressed enthusiastic support for the Congressional Progressive Caucus's radical tax-hiking "People's Budget." In his "Let's Take a Hike," the Nobel laureate left no doubt about his desire to swiftly redistribute America's wealth with little regard for the…