Less than the Least

Entries from Less than the Least tagged with 'Treasury Department'

A Too-Transparent Treasury--Skeel

In their handling of the credit crisis, the Treasury Department and Federal Reserve have repeatedly been criticized for their lack of transparency. The decisions as to which financial institutions to bail out have been made behind closed doors, the complaint...

Lehman's Demise--Skeel

The government's dance with Lehman after having bailed out Bear Stearns reminded me of a game we used to play as kids. One kid would stand in front of another and fall backwards. The idea was that the kid in...