The City of Angels

I’m in L.A. this weekend to help celebrate my friends Garr and Adrienne’s marriage. I’ve only been to L.A. once before so I’m looking forward to driving about a bit and seeing whatever there is to see. Not so much South Central, you understand,...

The new bailout plan

We won’t buy illiquid investments. We’ll buy the banks themselves. This Harvard lecturer mirrors my thoughts exactly, which is to say this is another terrible idea.