A statement from New York Attorney General Andrew Cuomo this morning announces the launch of an antitrust lawsuit against chipmaker Intel. Intel supposedly is “bribing” and “coercing” computer manufacturers like Dell, HP into using its chips.
Intel gives them money and rebates to use Intel chips. Think about that; they don’t have to pay as much, and get paid themselves, to use Intel chips rather than AMD ones.
I like it when I get rebates and cash, myself, but I’m just crazy.
Let’s…
Richard Morrison and Cord Blomquist team up with special guest co-host Jeremy Lott to bring you Episode 41. We begin with a farewell to famed quarterback, Republican Congressman and former CEI Distinguished Fellow Jack Kemp. We then move on to China’s flu-related roundup of Mexican nationals, the race to replace Justice Souter and the new opportunity to SuperPoke the President of the United States. We round out the show with Andrew Cuomo’s allegations of scandal and a modest helping of Olympic News.
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The current mortgage crisis came about in large part because of Clinton-era government pressure on lenders to make risky loans in order to “make homeownership more affordable for lower-income Americans and those with a poor credit history,” the DC Examiner notes today. “Those steps encouraged riskier mortgage lending by minimizing the role of credit histories in lending decisions, loosening required debt-to-equity ratios to allow borrowers to make small or even no down payments at all, and encouraging lenders the use of floating or…
On the front page of the Washington Post, writer Steven Pearlstein contradicts himself by writing that mortgage giants Fannie Mae and Freddie Mac are being “rescued from the harsh discipline of markets and the consequences of their own misjudgments,” undercutting arguments for “privatization, deregulation, and a faith in free markets.”
But the failure of Fannie Mae and Freddie Mac is hardly an indictment of the free market: Fannie and Freddie are “Government-Sponsored Enterprises,” not products of the free market or the…
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