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Archive for September, 2008
McCain and the Bailout
Posted in Finance, John McCain, Meltdown on September 26, 2008 | Leave a Comment »
Soon
Posted in Finance, John McCain, Meltdown, Obama on September 25, 2008 | Leave a Comment »
The frustrating thing about the executive pay discussion is that it is a complete distraction from the core issue of what we get for our money. Without equity, we are complete suckers, as opposed to modest suckers who will recoup (through taxes and appreciation) most of what we send into the system. Unfortunately, that seems [...]
Even More
Posted in Finance, Meltdown on September 25, 2008 | Leave a Comment »
As we draw even closer to the Democrats folding, some more views from across the spectrum. Well, actually there isn’t much spectrum on this – it’s a lousy idea to bail folks out, a worse idea to do so according to this plan, and a downright moronic idea to rush into everything. http://www.thenation.com/doc/20081006/henry http://www.ft.com/cms/s/0/9973c5b0-8a6d-11dd-a76a-0000779fd18c.html?nclick_check=1 http://www.thenation.com/doc/20081006/greider3 [...]
Silence
Posted in Finance, Meltdown on September 24, 2008 | Leave a Comment »
This doesn’t even seem to have made the news: http://faculty.chicagogsb.edu/john.cochrane/research/Papers/mortgage_protest.htm
Relief
Posted in Finance, Meltdown on September 24, 2008 | Leave a Comment »
Phew. Just when some Republicans were making sense, what with their objections to the Mother of All Bailouts, here comes the Republican Study Committee’s counterproposal to restore my faith and confidence that they are completely batsh!t crazy: http://www.talkingpointsmemo.com/docs/RSC-Alternative-bailout-Plan/ Few observations it is almost, but not quite, mean to point out (this is not Sarah Palin [...]
Cram Down
Posted in Finance, Meltdown on September 24, 2008 | 1 Comment »
I hear the loud noises coming from the Ben & Hank show, but can someone explain to me slowly and clearly why any money – $100bn, $700bn, $1tn, anything at all – needs to come from the taxpayer? There is some debate about whether the government should get equity in the companies with whom it [...]
Palinistas
Posted in Sarah Palin on September 23, 2008 | Leave a Comment »
Unfortunately, if someone can read this article he is probably too elite to matter: http://www.newsweek.com/id/160080/output/print
Newt?
Posted in Finance, Meltdown on September 23, 2008 | Leave a Comment »
The world is really upside down when Gingrich is making sense. Please, someone stop this (by the way, anyone else think the “bailing out foreign banks thing” was put in to get some Stamford-based pressure on Dodd – and, conveniently, funnel money to Phil Gramm): http://thehill.com/leading-the-news/gingrich-urges-vote-against-stupid-paulson-plan-2008-09-23.html
Democratic Panic
Posted in Finance, George W. Bush, John McCain, Meltdown, Obama on September 23, 2008 | Leave a Comment »
I’m not quite sure how the Democrats are falling for this, but it seems they will amazingly push for the Bush plan, letting the Republicans – especially McCain – have the wonderful situation of voting against it and getting all the benefits from it. If it were to work – and, of course, it cannot, [...]
What Is Right v. What Will Happen
Posted in Finance, George W. Bush, Meltdown on September 21, 2008 | 1 Comment »
The Bush Administration has specialized in telling people there isn’t enough time for a deliberative process and they should just put partisan politics aside and let the Administration get on with things. The PATRIOT Act, the various stimulus packages, the whole invading Iraq thing. Of course, when it’s not in Bush Administration’s interest to play [...]
