Word: judgmentalism
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What's the antidote to that kind of mass delusion? Shiller seems to have no interest in substituting his judgment, or the government's, for the market's. Instead, he sees information and innovation as the counter to group think. An active market in house-price futures and options--Shiller has recently helped launch such securities on the Chicago Mercantile Exchange--would let skeptical speculators prick housing bubbles, he argues. If banks wrote continuous-workout mortgages--in which the terms changed depending on house prices, unemployment and the like--homeowners might be less addicted to rising prices. If government subsidized...
...Campbell, certainly you don't mean to belittle every experience, every judgment that she makes.' TUCKER BOUNDS, John McCain spokesman, responding to questions from CNN anchor Campbell Brown about Sarah Palin's experience as commander in chief of Alaska's National Guard...
...actually have helped by choosing a running mate from way off the radar: Alaska Gov. Sarah Palin, a woman younger than Obama, elected just two years ago. Whether the choice turns out to be inspired or mistaken, it is sure to generate a lot of discussion about McCain's judgment, and the unpopularity of better-known Republicans and fissures in the GOP that turned the veep decision into a minefield for McCain. That fits Obama's strategy perfectly. He wants folks pondering them...
...Keating. He did attend two meetings with regulators along with the rest of the Keating Five, but he told the regulators that Keating's banks should receive no special treatment. After a long and agonizing investigation, the Senate Ethics Committee found McCain guilty of nothing more than "poor judgment...
...have left the "cone of silence" before a forum at Rick Warren's Saddle Creek Church, McCain spokeswoman Nicole Wallace said, "The insinuation from the Obama campaign that John McCain, a former prisoner of war, cheated is outrageous." And in a speech this week questioning Obama's foreign policy judgment and interpretation of the end of the Cold War, McCain himself mentioned, "Now I missed a few years of the Cold War, as the guest of one of our adversaries...