Tag Archives: Hank Paulson

When Crony Capitalism Goes Bad

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The government has finally found someone to blame for the mortgage meltdown: S&P, a ratings agency. But the accused says the government has other motives. [Credit: Boston Globe]

The gov­ern­ment has final­ly found some­one to blame for the mort­gage melt­down: S&P, a rat­ings agency. But the accused says the gov­ern­ment has oth­er motives. [Cred­it: Boston Globe]

What hap­pens to crony cap­i­tal­ism when things go bad­ly? Every­body lawyers up and charges and coun­ter­charges fly hard­er and faster than in a nasty divorce. Con­tin­ue read­ing →

David Stockman sez we’re all gonna die! He’s wrong. Right?

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Showtime's Savanarola from The Borgias

Show­time’s Sava­naro­la from The Borgias

Sea­son 3 of The Bor­gias pre­mieres on Show­time this Sun­day . For those not yet ensnared in this addic­tion, the series tells the sto­ry of Renais­sance Pope Alexan­der VI, one of the papacy’s most dev­il­ish­ly inter­est­ing char­ac­ters. Show­time takes the usu­al Hol­ly­wood lib­er­ties with his­to­ry, though Alexan­der, born in Spain as Rodri­go de Bor­gia, led a life that needs no embell­ish­ing. Con­tin­ue read­ing →