Alan S. Russet

Alan S. Russet

Financial reform not tough enough, says NY Times

NY Times weighs in on financial reform: “loopholes.” Too many derivatives trades are exempted from public disclosure on exchanges. Too many users are subject to relaxed scrutiny. Regulation in hindsight is not adequate to prevent systemic collapse. It is not…

One solution? Let the women in

Negating women is at the heart of the church’s hideous — and criminal — indifference to the welfare of boys and girls in its priests’ care. Lisa Miller writes in Newsweek’s cover story about the danger of continuing to marginalize…

MBS market gets religion (kidding!)

(The biggest April Fool’s joke of the day may be that played by the Federal Reserve on the banks and the housing market — terminating the MBS purchase program just before the $8,000 first time buyer’s credit is set to…

Sorry to be so anti-perkipantied

U.S. gains jobs. No, wait, it’s losing… Yah de blah de de blah woof woof. ADP counts real jobs. Labor Dept counts temporary census jobs (what happens when the census is over?) and adjusts for the imaginary birth-death model. Perkipantied…