Elizabeth Warren Makes Timmy Geithner Squirm …

I love and adore this woman. Even though I completely understand why AIG was bailed out at 100 cents on the dollars, I’m glad she is asking questions that need to be posed for the sake of accountability.

(Regarding AIG: Even though it wasn’t morally right that Goldman and other counterparties used Federal money to turn worthless credit default swaps into full value investments, had the Treasury not done that, the entire system would have collapsed instantly.  I remember sitting in my office watching the news in real-time on CNBC as the world was falling apart and commercial paper markets had begun to seize.  Those who don’t follow finance have no idea how close we came to total, catastrophic meltdown.  In this case, the goal was saving the system.  The collateral damage was letting AIG counterparties off the hook for bad decisions.  Is that preferable?  No.  Did it have to be done?  I believe so.)

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2. Elizabeth Warren Running for Senate (and Talking About the Nation’s Debt)
3. New York Federal Reserve President William Dudley Teaches About Inflation Using the iPad … And Makes People Angry
4. Once Upon a Time Set Design Makes Me Think the Evil Queen Was Spying On Our Home Renovations
5. The Coutts World Card Is the Most Prestigious Credit Card in History – And Good Enough for Queen Elizabeth II
6. A Look at Warren Buffett’s Original 7 Investment Partnerships
7. In Honor of Warren Buffett’s 80th Birthday Today …