Copyright (c) 2008 Les Lafave An October 25, 2008 Newsweek article by Jeffrey E. Garten is titled, "We Need a Bank Of the World." What I need is some sort of keystroke to represent spluttering astonishment. There can only be a few things on the lis...

Copyright (c) 2008 Les Lafave A recent New York Times article "Taking a Hard New Look at Alan Greenspan's Legacy" (Peter S. Goodman), did an entertaining job of slamming former Federal Reserve Chairman Alan Greenspan, and for that, I'd gratefully subsc...

Copyright (c) 2008 Les Lafave The Treasury's newly formed Office of Financial Stability may be renamed "The Office of Financial Stability, Tee Hee Hee". The change of name for the office made responsible for administration of the 700 billion dollar ...

Copyright (c) 2008 Les Lafave Treasury Secretary Henry Paulson is going to put capital in the banks. In this concept, he shares a rich tradition with Santa Claus and the Easter Bunny. (He leaves free presents, theoretically only to the relatively goo...

Copyright (c) 2008 Les Lafave If public officials herd beach patrons into shark infested waters, and start chumming, and then after the first shark bite the patrons start to scream and flail about trying to escape, thus causing more drownings than shar...

Copyright (c) 2008 Les Lafave The hubris of assuming that all you need to do to make a profit is find a spread between borrowed and lent funds should sound familiar-- that's how Wall Street (with a little grease from the Fed) got us into apocalyptic tr...

Copyright (c) 2008 Les Lafave As I go out at 5.30 a.m. on a Sunday morning to cruise for gas in Atlanta, I think about how different things might be if any southern governor could tell the difference between capitalism and a donkey's or elephant's ass....