Barack Obama’s Return Just Reminds Us How He Fueled American Distrust

Former president Barack Obama is back. He kicked off a series of campaign appearances last week with a blistering attack on the Trump administration and said the Republican Party had “embraced a rising absolutism.” President Donald Trump deserves plenty of harsh criticism, but Obama’s indictment is akin to the kid who killed his parents and then sought mercy from the judge because he was an orphan.

Ten Years After Lehman: The Solution Was “More Lehmans”

The day Lehman went bankrupt I left the office in London for Waterloo Station and realized that something monumental had happened. The faces of the dozens of people waiting patiently for trains from the center to their homes were revealing. Most of them were, like me, City workers. Panic.

I remember when Freddie Mac and Fannie Mae both government entities  were bailed out, because it happened shortly before the Lehman collapse. They were the largest originators of subprime mortgages.