Public Private Investment Partnership

Poor Bill Gross! Even after the New York Times devoted pages of its magazine to a puff piece about him and his upcoming role in the latest government project to further enrich a few dozen Wall Street billionaires, he still did not make the cut. But he claims that his $747 billion bond fund decided...

The idea of buying toxic waste from banks has already failed once -- and now it looks poised to die a second death. The lesson here is that a bad idea is bad regardless of whether Hank Paulson or Tim Geithner pushes it. Why is it so hard for leaders to learn the difference between a bad idea and a...