Will Obama Wait?
There are two important fiscal dates coming up in February: February 12 and February 15. February 12 is the scheduled date of Obama’s State of the Union speech, which is also Lincoln’s birthday. It also happens to be three days before the “X Date”, February 15, the estimated date that the Treasury may not be able to pay its bills. The debt ceiling deadline. Does | Read More »
Teenagers and children can’t wait. Time for grownups to take over.
Five days ago, I wrote a snarky little item here suggesting that troubles at Chicago based MF Global brokers could represent one more failure for former NJ Governor Jon S. Corzine. I didn’t know or care whether MF would file or escape bankruptcy proceedings. It was pretty clear even then that stockholders of the firm would face harsh consequences. What was unfathomable less than a | Read More »