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The Gulf Spill Once again, journalists are speculating about the possibility of bringing criminal charges against BP CEO Tony Hayward. I have not yet heard anyone propose the death penalty, but I am not sanguine (they did at the time of Enron).
Professor Bainbridge looks at whether the protectionist Jones Act is hampering clean-up efforts.
Fannie and Freddie. The Congressional Budget Office now predicts that the final bill for the government takeover of Fannie Mae and Freddie Mac will be $389 billion. And that, remember, is not coming out some private pockets, such as those of BP. It is coming out of yours.