Inconceivable

According to this ABC News story, George Bush and co. spied on innocent Americans. Despite pledges by President George W. Bush and American intelligence officials to the contrary, hundreds of US citizens overseas have been eavesdropped on as they called friends and...

It’s a boondoggle

Credit markets tighten in response to bailout, which is another way of saying that the market thinks that this may not work. But don’t worry: This is just bailout #1.