The True Story of the Financial Crisis
Posted in Main Blog (All Posts) on May 16th, 2011 4:31 am by HL
The True Story of the Financial Crisis
Peter Wallison, American Spectator
As many readers of The American Spectator will know, I was a member of the Financial Crisis Inquiry Commission, a 10-member body appointed by Congress to investigate the causes of the financial crisis of 2008. The Commission issued its report in late January 2011, with a majority concluding that the crisis could have been avoided if the private sector had not taken so many risks and government regulators had not been asleep at the switch.
Playing Chicken With the Economy
In Washington, a Fight to the Debt
Yuval Levin, Weekly Standard
Normally in Washington, the agenda for spring and summer is set by the president’s budget and the priorities of congressional leaders. But this year will be different. House Republicans have proposed an ambitious platform, in the form of the budget produced by House Budget Committee chairman Paul Ryan and passed by the full House last month. But the Democrats who control the Senate and the White House, and who therefore effectively run things, have no discernible policy agenda.
California: Land of the $100K+ Lifeguard Club
Brian Calle, OC Register
David Hasselhoff and Pamela Anderson aren't the only Baywatchers bringing in the big bucks. As I reported last week, some lifeguards in Newport Beach are pulling in more than $200,000 a year in total compensation. And, it turns out, cities up and down the coast of California are paying similar compensation for lifeguarding positions.After uncovering Newport Beach data on a tip from Jack Wu, a former Newport council candidate, it at first seemed like the practice of paying permanent, full-time lifeguards $100,000 to $200,000 – and allowing them to retire with 90 percent…
