Market forces are great. Until they're not. After nearly three decades of conservatives insisting that government has no business meddling in the private sector, the Bush administration on Friday announced a sweeping plan to spend hundreds of billions of taxpayer dollars bailing out financial institutions that bet wrong on the mortgage market. ...more

September 23, 2008

The sudden, shocking increase in the price of oil is a market failure that resembles the damaging excesses of the dot-com bubble, Enron scandal and housing meltdown. ...more

June 2, 2008

The Bush administration is working to combat the country's severe housing crisis but there is no simple solution, Treasury Secretary Henry Paulson said Monday, adding that a correction in the housing market is "inevitable and necessary." ...more

January 8, 2008