July 29, 2008

First Thing We Do, Let's Sue All the Subprime Issuers

From the latest Stanford Securities Clearinghouse report, some new data on class-action filings -- complete with an impressive 400% y-o-y spike in subprime-related suits: [via Stanord Securities Clearinghouse]...

Don't Worry, Be Deficit Happy!

You see? Running a record half-trillion dollar U.S. budget deficit isn't as bad as you thought. It's all a matter of perspective. [via Bloomberg] And by the way, I'm back later this week....