An article in this morning’s wall street journal commends a coalition of business associations and councils that sent a letter to China’s Premier publicly criticizing the latest attempt to censor information Chinese citizens can access on the internet. The green dam-youth escort mandate would require all computers going into the nation to be equipped with an information blocking software.

It is rare public criticism of China’s policy, but it’s not brave, it will do nothing to change the policy, and reveals the…

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Freddie Mac & Fannie Mae were the catalyst for our current financial crisis. By buying up risky sub-prime mortgages, Freddie & Fannie encouraged banks to make risky loans to folks who otherwise wouldn’t have received mortgages.

Freddie & Fannie did this because they had the backing of the U.S. Treasury.  The executives at Freddie/Fannie knew that if they made a bad move and lost billions in the market, the government would bail them out.

This notion was laughed at a few years ago…

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