In nature black swans are a rarity. In the world of politics and economics they represent rare surprise events that have significant consequences. Of late the term black swan gained renewed currency when economist Nouriel Roubini said that … [Read more...]
New plan for automakers: Prove that you are a bank
OK, wait a second. I thought after last week's theater in Washington that we were now looking for accountability and plans if any more government funds were to be pumped into private companies. Right? Well, apparently if a financial … [Read more...]