Question: TARP was originally proposed to deal with “toxic assets” to unclog the books of financial institutions and prevent them from becoming insolvent. The toxic assets to date have not been bought up, so…

Question: Is California printing its own money? Paul Solman: Funny you should ask. The State of California Franchise Tax Board website currently features this statement: “We will accept registered warrants…towards the payment of tax liabilities.” State taxes, of…

Question: What do you make of the Madoff sentence? Paul Solman: I’m tempted to say that, at 150 years, he may have gotten off lightly. In today’s email came the regular newsletter of one of the world’s most provocative and…

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