All Posts Tagged With: "Daniel Henninger"

Moral Hazard

If you’ve not read Daniel Henninger’s column in the October 2, 2008 edition of The Wall Street Journal, I encourage you to.  In this column, Mr. Henninger defines the term “moral hazard”, particularly as it relates to Wall Street, Fannie Mae and Freddie Mac, and Congress.  He writes:

Borrowers across America took a dive for low- or no-down-payment mortgages buoyed by the Federal Reserve’s low-risk interest rates. Wall Street sliced the mortgages thinner than prosciutto ham, ‘spreading risk’, and sold pieces all over the world, where, like magic, they seemed to fatten balance sheets. The deal was so win-win that Bear Stearns, Lehman, Merrill and the rest of the world’s mega banks engorged on their own product. It was as if the foie gras geese


Mitt Romney Has Left The Building – What Now?

I’m impressed with Mitt’s decision. According to Fox News, he said:

“If I fight on in my campaign, all the way to the convention, I would forestall the launch of a national campaign and make it more likely that Senator (Hillary) Clinton or (Barack) Obama would win. And in this time of war, I simply cannot let my campaign, be a part of aiding a surrender to terror.”

I’m not as torn up about this as I was with Fred’s departure, but it has definitely put us in the position of facing the inevitable starting to have the necessary discussions.

The questions now are:

  1. When will Huckabee step aside?
  2. Can the Republican Party actually succeed with McCain as the candidate?
  3. When can I stop

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