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Too Big to Bail

Every few days we hear that another leading financial institution has written down billions more on subprime investments gone bad. Nearly every major financial institution, it turns out, had a hand in loans to low-credit borrowers—borrowers whose ability to pay often hinged on endlessly low interest rates or a strong housing market. How could this […]

How To Fully Support Our Troops

Whatever their views of President Bush’s new “surge” of 20,000 soldiers, both liberals and conservatives continue to claim that they support our troops. Liberals say they support our troops by criticizing or opposing “Operation Iraqi Freedom,” which they claim has unnecessarily killed 3,000 soldiers. Conservatives say they support our troops by supporting the mission that […]