Word: brookes
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...day.Prediction: Harvard 35, Brown 28CORNELL (1-0) VS. YALE (1-0)On paper, the almost-defending Ivy League Champion Yalies would seem to have a big advantage going into this matchup. Stud running back Mike McLeod is back for one last hurrah and the competent quarterback platoon of Brook Hart and Ryan Fodor makes one wonder how the Bulldogs ever thought starting the graduated Matt Polhemus behind center was a good idea.But Cornell is dangerous. The Big Red is fresh off a thrilling 21-20 victory over Bucknell and a healthy Luke Siwula—plus a suddenly awesome Randy...
...complete disaster," said Yaron Brook, the executive director of the center. "Its a form of national socialism of the financial markets...This is socialism...
Looking across the various levers that Treasury has pulled, Brook was hard pressed to say which bailout was the most egregious in Randian terms, but suggested that the takeover of AIG by Treasury and the Federal Reserve was particularly troubling because there is a chance that the government will actually profit from the selective sale of AIG's assets someday. "The Fed might make a lot of money on the AIG deal," he said. "We're turning the Federal Reserve into a hedge fund...
...Brook doesn't blame speculators, traders or financiers for the market's near-collapse, but instead blames government for having overregulated the markets in the first place. The business leaders bailed out by government this week "are victims," he said, "and the government set it up." Washington underreacted to previous crisis, let Fannie Mae and Freddie Mac spin wildly out of control as quasigovernment agencies while taxpayers piled up unsecured debt in their names. The crisis, he added, was "really fed throughout by government policies...
...Brook does not believe a Democratic administration - or a Democratic Treasury secretary - could have moved as aggressively to intervene in private markets as has Hank Paulson, a former Goldman Sachs partner. "Because Paulson knows more about financial markets and is a Republican," Brook said, 'he's doing more than a Democratic would have...