Administration Organizational Chart:
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courtesy of NYT
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Source:
White House Philosophy Stoked Mortgage Bonfire
JO BECKER, SHERYL GAY STOLBERG and STEPHEN LABATON
NYT, December 20, 2008
http://www.nytimes.com/2008/12/21/business/21admin.html
"It is generally agreed that casinos should, in the public interest, be inaccessible and expensive. And perhaps the same is true of Stock Exchanges." —John Maynard Keynes
The Fed's Q4 '09 flow of funds statement (a balance sheet of the US, incl households, companies and gov't) reveals an improvement in the aggregate debt levels on an absolute basis but at a snails pace. Household debt (home mortgages + consumer credit) as a % of disposable income fell to 115% from 117% in Q3, vs 121% in '08, and vs the record high of 125% in '07 and is back to the lowest level since 2004. However, it remains well above the level of 10 yrs ago at 91% and 83% back in 1995. Debt to GDP for...
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December 21st, 2008 at 11:47 am
A veritable “Who’s Who” of “Who? Me??”